Ocean Mining, a Bitcoin mining pool with the support of Twitter co-founder Jack Dorsey, is expanding its operations to establish a global presence in El Salvador. The company recently announced the opening of its international hub and headquarters in the capital city, San Salvador.
Mark Artymko, the president of Ocean Mining, stated that El Salvador was a natural choice for the company to further its decentralization efforts and expand globally. He also mentioned that the launch of Ocean Mining in El Salvador would contribute to the country’s cryptocurrency adoption, particularly since El Salvador made Bitcoin a legal tender in 2021.
Luke Dashjr, co-founder and chief technology officer of Ocean Mining, expressed his belief that the company’s presence in El Salvador would help advance Bitcoin adoption and create new opportunities for the country and beyond. He also highlighted El Salvador’s leading role in Bitcoin and Bitcoin mining adoption.
In addition to establishing its hub in El Salvador, Ocean Mining plans to provide resources for the education and development of Bitcoin communities in the country, including popular locations like “Bitcoin Beach” in El Zonte.
Stacy Herbert, the head of El Salvador’s Bitcoin office, expressed her welcome for Ocean Mining and other companies working towards advancing Bitcoin adoption in the country. She emphasized that the company’s presence reaffirms El Salvador’s Bitcoin-first culture.
Ocean Mining launched approximately six months ago as a Bitcoin mining pool committed to decentralized, non-custodial, and transparent mining services. The company is led by Luke Dashjr, a long-time Bitcoin Core developer, and operated by Bitcoin Ocean, a subsidiary of Mummolin, a Wyoming corporation that succeeded the Eligius Bitcoin mining pool.
In 2023, Jack Dorsey led a $6.2 million seed round for Mummolin, aiming to support decentralized mining and enable miners to receive block rewards directly from Bitcoin.
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