OCEAN, a Bitcoin mining pool company co-founded by Bitcoin core developer Luke Dashjr, announced on Wednesday (29th) that the company has established an entity called "OCEAN MINING S.A. de C.V." in El Salvador as its international business development center. The entity will be headquartered in the capital, San Salvador, and plans to use the center to continue advancing the decentralization of Bitcoin mining around the world.
OCEAN President Mark Artymko said:
“To further our decentralization efforts, we needed a global base, and El Salvador was the obvious choice. With places like Venezuela and the European Union legislating to ban Bitcoin mining, El Salvador’s political stance has been stark. Contrast is a beacon of hope for the industry.”
Bitcoin Country, here we come! We are thrilled to announce that OCEAN has expanded into El Salvador . OCEAN MINING S.A. de C.V. will serve as our global hub of business development as we continue to bring features to market that push the envelope of decentralization in… pic.twitter.com/USyB08LOgj
— OCEAN (@ocean_mining) May 29, 2024
Talking about OCEAN’s upcoming decentralized project, Bitcoin Mechanic, OCEAN’s global business leader, said:
“Stratum V2 is just the beginning. For us, this is about the deeper part of shifting the balance of power away from a handful of mining pools and bringing miners of all sizes closer to the core of Bitcoin. From our new global presence in El Salvador Bringing these capabilities to the center will ensure maximum development and adoption in a safe regulatory environment.”
OCEAN Mining said the company looks forward to bringing resources to continue the education and development of the Bitcoin community in El Salvador, including places like Elzonte, the “Bitcoin Beach” that thrives with its organic circular economy.
Mummolin, the parent company of OCEAN, announced in November last year the completion of a US$6.2 million seed round of financing led by multiple investors including Twitter founder Jack Dorsey.
This article Jack Dorsey-backed Bitcoin miner OCEAN sets up global headquarters in El Salvador first appeared on Zombit.
