Foundry Digital has launched a Zcash (ZEC) mining pool that rapidly captured approximately 30% of the network's hashrate. The New York-based company, known for operating the largest Bitcoin mining pool by hashrate, reported that several institutional miners joined the Zcash pool prior to its public launch. This development follows an initial announcement made in March. In conjunction with the pool's launch, Foundry introduced Zcashinfo.com, a block explorer providing real-time data on network activity, including pool rankings, hashrate distribution, and mining difficulty. Zcash, which utilizes zero-knowledge proof technology for transaction privacy, operates on a proof-of-work model similar to Bitcoin but with faster block production and a different algorithm. Foundry's pool employs a pay-per-last-N-shares (PPLNS) model for reward distribution and is open to new institutional participants, particularly those from regulated sectors.