Cypherpunk Mining Goes Live with Zcash Hashrate, The Block Says Winklevoss Poured in $33 Million

Cypherpunk Mining officially went live today, deploying roughly 4.2 GSol/s of Equihash hashrate in the US. That figure points to actual, scaled-up rig deployment—not just a funding press release. The hashrate is already running, not sitting on a roadmap somewhere.

According to The Block, this buildout involves $33 million in funding tied to Winklevoss. The report doesn't go into further detail on exactly how the funds were used, which rig models are involved, or which states the operation spans—it only confirms that the fleet is now live and running on US soil.

Working backward from that 4.2 GSol/s figure, Cypherpunk Mining is running Equihash—the proof-of-work algorithm behind the Zcash mainnet. In other words, this hashrate is aimed at Zcash mining, not an extension of a bitcoin mining operation.

For now, what's public is limited to the launch announcement and the hashrate figure. Rig models, power sourcing, state-by-state distribution, and the specific terms of the Winklevoss funding remain undisclosed.