Ocean Mining, a Bitcoin mining pool backed by Jack Dorsey, is establishing its international headquarters in San Salvador, El Salvador. In an effort to decentralize Bitcoin mining and empower miners of all sizes, the company has launched a “global hub” in El Salvador through its new entity, Ocean Mining S.A. de C.V. This strategic move takes advantage of the favorable regulatory environment in El Salvador, which has positioned itself as a “Bitcoin Country” by adopting BTC as legal tender in 2021.
Ocean Mining aims to expand its operations and promote the adoption of Bitcoin by leveraging the regulatory advantages in El Salvador. The company’s focus goes beyond mining activities, as it also seeks to contribute to the education and development of Bitcoin communities in the country, fostering the growth of circular economies.
Jack Dorsey, a prominent supporter of Bitcoin, is expected to play a significant role in Ocean Mining’s operations in El Salvador. By establishing a presence in the country, the company aims to maximize its reach and adoption while operating within a supportive regulatory framework.