Foundry Digital said its newly launched Zcash mining pool has reached around 30% of the network’s total hashrate following its March announcement.
The firm also introduced Zcashinfo.com, a block explorer providing real-time data on network activity, including hashrate distribution, mining difficulty and pool rankings.
The rapid growth reflects early participation from institutional miners, positioning the pool as a key player in the Zcash mining ecosystem.
Zcash uses proof-of-work mining similar to Bitcoin, but relies on the Equihash algorithm and produces blocks roughly every 75 seconds.
Mining pools aggregate computing power to improve the chances of earning rewards, often resulting in large pools controlling significant portions of network hashrate.
Foundry said its pool uses a pay-per-last-N-shares (PPLNS) model to distribute rewards and supports transparent payout structures.
The launch underscores increasing institutional involvement in compliant mining infrastructure, particularly for privacy-focused blockchain networks.
At the time of reporting, Zcash price was $362.73.