---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-098120"
form_type: "8-K"
ticker: "CYPH"
cik: "0001509745"
company_name: "CYPHERPUNK TECHNOLOGIES INC."
filed_at: "2026-08-18T11:05:28+00:00"
generated_at: "2026-08-18T11:10:08.522553+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-098120
- form_type: 8-K
- ticker: CYPH
- cik: 0001509745
- company_name: CYPHERPUNK TECHNOLOGIES INC.
- filed_at: 2026-08-18T11:05:28+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509745/000110465926098120/0001104659-26-098120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509745/000110465926098120/tm2623453d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-098120
- JSON: https://secwatch.observer/filing/0001104659-26-098120.json
- Plain text: https://secwatch.observer/filing/0001104659-26-098120.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.