Cypherpunk acquires world's largest Zcash mining fleet via $33.33M equity deal with Winklevoss

CYPHERPUNK TECHNOLOGIES INC.

Acquired 4.2 GSol/s Zcash mining fleet (~18% of network) from Moria Mining/Winklevoss for $33.33M paid via pre-funded warrant for 43,290,042 shares at $0.001 exercise ($0.77/share).
Kevin Zhang, former Foundry executive, joins as Head of Mining; fleet is largest active Zcash mining operation.
Cypherpunk holds 323,394.38 ZEC (~1.92% of supply); mining accelerates path to 5% ZEC supply target.
Related-party deal: WTI owns 19.9% of CYPH; approved by Nominating and Corporate Governance Committee.
Pre-funded warrant has 19.99% beneficial ownership cap; stockholder approval needed for issuance above 4.99% of outstanding.

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