Top Bitcoin Mining Pool Operator Foundry Is Getting Into Zcash
Foundry Digital plans to launch a Zcash mining pool next month, targeting publicly traded companies and financial institutions that lack infrastructure to validate Zcash transactions. The move mirrors its Bitcoin mining pool, Foundry USA, which holds about 31% of Bitcoin’s global hashrate. The new Zcash pool will offer U.S.-based operations to reduce compliance and counterparty risks, 24/7 technical support, and auditable payout reporting tools. Foundry states this expansion addresses a significant market gap rather than profitability trends in Bitcoin mining, which remains its main business. Zcash uses a proof-of-work consensus mechanism similar to Bitcoin, but with different algorithms and non-interchangeable hardware. Recent increases in Zcash’s hash rate indicate growing interest and investment. Leading U.S.-based mining pool operators include Foundry, Ocean, and Luxor, while ViaBTC currently commands 30% of the Zcash network's hashrate. Zcash was trading at $215, up over 600% in the past year. Mining pools combine resources to provide more consistent and stable payouts to participants.
