Foundry Digital Plans to Launch U.S.-Based Institutional-Grade Zcash (ZEC) Mining Pool

BlockBeats News, March 11, Bitcoin mining pool operator Foundry Digital plans to launch a U.S.-based Zcash (ZEC) mining pool next month, providing a mining platform built around regulatory compliance, reporting standards, and operational controls for institutions and publicly traded companies.

Foundry CEO Mike Colyer stated that Zcash has evolved into an institutional-grade asset, but its mining infrastructure has not kept pace. He hopes to provide institutional and publicly traded miners with a dedicated U.S.-based compliant infrastructure for Zcash exposure that was previously lacking. The new mining pool will conduct KYC and AML compliance checks on participants, distribute mining rewards to transparent Zcash addresses instead of shielded addresses, use the PPLNS payment model, and have no minimum hashrate threshold.