Core

Stacy

Bitcoin

Base

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin mining pool Ocean Mining, supported by Twitter co-founder Jack Dorsey, is setting up a hub in El Salvador.</li>
 <li>The move is aimed at promoting Bitcoin adoption and providing resources for the development of Bitcoin communities in the country.</li>
</ul>
<p>Ocean Mining, a mining pool for <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, supported by Jack Dorsey, co-founder of Twitter (now known as X), is establishing a hub in El Salvador. This move aims to enhance the company’s global presence.</p>
<p>The company officially announced its new entity in El Salvador on May 29. The hub, situated in the capital city, San Salvador, will serve as Ocean’s international headquarters.</p>
<h2 id="el-salvador-a-strategic-choice">El Salvador: A Strategic Choice</h2>
<p>Mark Artymko, Ocean’s president, stated that El Salvador was a logical choice for the firm to expand its decentralization efforts and establish a global presence. He pointed out the contrast between El Salvador’s political stance and the Bitcoin mining bans in places like Venezuela and the EU.</p>
<p>Luke Dashjr, Ocean’s co-founder and chief technology officer, believes that the company’s launch in El Salvador will boost the country’s cryptocurrency adoption. El Salvador, which legalized Bitcoin in 2021, is seen as a pioneer in Bitcoin and Bitcoin mining adoption.</p>
<h2 id="supporting-bitcoin-communities">Supporting Bitcoin Communities</h2>
<p>Ocean looks forward to contributing resources to further the education and development of Bitcoin communities in El Salvador. This includes regions like El Zonte, widely known as “Bitcoin Beach.”</p>
<p>Stacy Herbert, head of El Salvador’s Bitcoin office, welcomed Ocean’s arrival. She stated that the company’s presence in the country reinforces the Bitcoin-first culture.</p>
<p>Ocean Mining, which launched in late 2024, operates a Bitcoin mining pool dedicated to providing decentralized, non-custodial, and transparent mining services. The company is led by Luke Dashjr, a longtime Bitcoin Core developer, and is a subsidiary of Mummolin, a Wyoming corporation.</p>
<p>In November 2023, X co-founder Dorsey led a $6.2 million seed round for Mummolin. The company aims to support decentralized mining and enable miners to receive block rewards directly from Bitcoin.</p>

Bitcoin Mining Pool Backed by Jack Dorsey Establishes Base in El Salvador

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