Cypherpunk Technologies Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $140.5M
- Price
- $1.32
- % Change (Daily % change from the live per-ticker quote feed.)
- +10.92%
- Volume
- 9.7M
About
Cypherpunk Technologies Inc. is a privacy-focused technology company that combines a digital asset treasury strategy centered on Zcash (ZEC) with the development of novel cancer therapies through its subsidiary. The company's mission is to advance technologies that guarantee privacy for individuals on the internet, with a primary focus on investing in, accelerating the adoption of, and strengthening the ecosystem of Zcash, a privacy-preserving digital currency.
Quick stats
Shares outstanding106.5M
Computed float74.7M
Float / shares70.2%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001509745
Websitehttps://www.cypherpunk.com
AI Summary
AI-generated1/12
majorbullishm and a
Cypherpunk Technologies Launches World's Largest Zcash Mining Fleet
Cypherpunk Technologies acquired the world's largest Zcash mining fleet through a $33.33 million equity transaction with Winklevoss Capital. The deployment of 4.2 GSol/s of Equihash hashrate gives Cypherpunk approximately 18% of the total Zcash network, positioning it as the largest corporate holder of ZEC with 323,394.38 tokens.
Industry veteran Kevin Zhang joins as Head of Mining to oversee operations deployed across U.S.-based facilities. The transaction was funded via a pre-funded warrant for 43.3 million shares, reflecting a common stock purchase price of $0.77 per share.
Management expects the mining operation to generate significant cash flow to fund future growth and additional privacy technology investments, targeting a 5% hold of the total ZEC supply.
Red flags
- Financed via issuance of 43.3 million shares/warrants (dilutive)
- High exposure to ZEC price volatility
- Reliance on third-party hosting facilities