Foundry will launch an institutional Zcash mining pool to fill the gap in compliant infrastructure.

Odaily Planet Daily reports that Bitcoin mining pool operator Foundry Digital plans to launch a U.S.-based Zcash mining pool next month, providing a mining platform for institutional and publicly listed miners focused on compliance review, reporting standards, and operational control.

Foundry CEO Mike Colyer stated that Zcash has developed into an institutional-grade asset, but its mining infrastructure has not kept pace. He noted that institutions and publicly listed miners seeking exposure to Zcash previously lacked dedicated compliant infrastructure within the U.S. The pool will implement KYC and anti-money laundering compliance checks for participants, distribute mining rewards through transparent Zcash addresses rather than stealth addresses, use a PPLNS payout model, and have no minimum hash rate requirement.

Privacy coins have recently regained market attention, with ZEC rising over 670% in the past 12 months, XMR up 72%, and DASH up 51%. After Bitcoin’s halving in 2024, mining profitability has tightened, with hash rate prices dropping from over $60 per PH to $30, prompting several large mining companies to explore other PoW networks to diversify income sources. Colyer said this move is not primarily due to declining Bitcoin profits; Foundry’s Bitcoin mining business remains solid, and the company is currently focused on both Bitcoin and Zcash chains.