# Foundry Launches Zcash Pool, Grabs 29% Hashrate

**Published:** 2026-06-12T12:11:06.563Z  
**Topic:** Mining Pools  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/ad01b517-15f9-4e1f-9710-75500470a87d

Foundry Digital launched a Zcash mining pool, securing 29.2% of the network hashrate in its first month via institutional partnerships.

Foundry Digital, the largest mining pool operator on the Bitcoin blockchain, has launched a dedicated pool for the privacy-focused cryptocurrency Zcash. The company reports that the new Foundry Zcash Pool has secured nearly 30% of the network's total hashrate within its first month of operation through partnerships with institutional mining clients [1].

**Key takeaways**
*   Foundry Digital launched a Zcash mining pool that captured 29.2% of the network hashrate in its first month [1].
*   The entry reduced ViaBTC’s market share from 68.1% to 37%, addressing previous security concerns flagged by Coinbase [1].
*   Zcash (ZEC) has seen a 1,050% price increase over the last year, making it the fifth-largest proof-of-work token [1].

## Institutional demand reduces network concentration

Foundry stated that institutional and public miners are seeking a compliant, purpose-built solution for mining Zcash [1]. While the company did not disclose the specific institutional clients it onboarded to achieve a 29.2% hashrate share, the move has significantly altered the network's distribution [1]. Prior to this launch, ViaBTC dominated the space with a 68.1% share on February 27, but that figure has since fallen to 37% [1]. This redistribution follows a September 2023 warning from Coinbase, which had flagged ViaBTC’s hashrate concentration as a potential security risk to the network [1].

Data from Zcashinfo.com indicates that Foundry began accumulating hashrate around March 4, approximately a week before the public announcement [1]. Since going live earlier this month, the pool has mined 2,344 blocks, according to a block explorer launched by Foundry [1]. Zcash blocks are mined roughly every 75 seconds, with a current reward of 1.25 ZEC tokens, valued at approximately $458 per block

## Sources
1. Tradingview — [Foundry launches Zcash mining pool, notches 29% hashrate in...](https://www.tradingview.com/news/cointelegraph:5e0dc4056094b:0-foundry-launches-zcash-mining-pool-notches-29-hashrate-in-first-month/)
2. AOL — [Does This 1 New Huge Green Flag For Zcash Make It a Buy With $1,000?](https://www.aol.com/articles/does-1-huge-green-flag-100500081.html)
3. Blockchain — [Foundry Digital Grabs 29% of ZEC Hashrate in Pool Launch](https://blockchain.news/news/foundry-digital-zcash-mining-pool-launch-hashrate)
4. Todayonchain — [Foundry Digital Launches Zcash Mining Pool - TodayOnChain](https://www.todayonchain.com/news/article/01KP4TQ9V0K1082W30WH01B0H8/)

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Cite as: TrendWatcher, "Foundry Launches Zcash Pool, Grabs 29% Hashrate", https://www.trendwatcher.in/article/ad01b517-15f9-4e1f-9710-75500470a87d