Foundry will launch a Zcash mining pool for institutions to fill the gap in compliance infrastructure Odaily Planet Daily News: Bitcoin mining pool operator Foundry Digital plans to launch a US based Zcash mining pool next month, providing institutional and publicly traded miners with a mining platform built around compliance review, reporting standards, and operational control. Foundry CEO Mike Colyer stated that Zcash has developed into an institutional asset, but its mining infrastructure has not kept up with the pace. He pointed out that institutions and listed miners seeking Zcash exposure previously lacked compliance specific infrastructure in the United States. The mining pool will conduct KYC and anti money laundering compliance checks on participants, and mining rewards will be issued through transparent Zcash addresses rather than concealed addresses. The PPLNS payment model will be used, and there will be no minimum computing power threshold. Privacy coins have recently regained market attention, with ZEC rising over 670% in the past 12 months, XMR rising 72% during the same period, and DASH rising 51%. After Bitcoin's halving in 2024, mining profitability tightened, and the price of computing power dropped from over $60 per PH to $30. Several large mining companies began exploring other PoW networks to diversify their revenue sources. Colyer stated that this move is not primarily due to the decline in Bitcoin profits, as Foundry's Bitcoin mining business remains stable and the company is currently focused on the Bitcoin and Zcash chains.