Bitcoin mining pool company OCEAN, co-founded by Bitcoin core developer Luke Dashjr, announced on Wednesday (29th) that it has established an entity named “OCEAN MINING S.A. de C.V.” in El Salvador as its international business development center. The entity’s headquarters will be located in the capital city of San Salvador and plans to further decentralize global Bitcoin mining through this center.
OCEAN President Mark Artymko stated that OCEAN Mining looks forward to bringing resources to support the education and development of the Bitcoin community in El Salvador, including places like the thriving “Bitcoin Beach” in El Zonte with its organic circular economy.
Regarding OCEAN’s upcoming decentralization project, OCEAN’s Global Business Lead Bitcoin Mechanic commented that the company is excited to continue advancing decentralized Bitcoin mining.
OCEAN’s parent company Mummolin had previously announced in November last year the completion of a $6.2 million seed round financing led by several investors including Twitter co-founder Jack Dorsey.