Crypto News

Jack Dorsey-Backed Bitcoin Mining Pool Opens Headquarters

Author : Renuka K

Ocean Mining, a Bitcoin mining pool supported by Jack Dorsey, has announced the opening of its international headquarters in San Salvador, El Salvador. Launched in late 2024, Ocean Mining aims to strengthen its global presence and decentralization efforts. The choice of El Salvador, which recognized Bitcoin as legal tender in 2021, aligns with the nation's pro-Bitcoin stance. Ocean Mining's president, Mark Artymko, emphasized the significance of El Salvador's supportive regulatory environment for advancing the Bitcoin mining industry. The new hub will also contribute to the local Bitcoin community through educational initiatives and resources.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.