Jack Dorsey-Backed Bitcoin Mining Pool Ocean Establishes Global Hub in El Salvador

Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of decentralization of Bitcoin mining across the globe,” according to a press release. The company looks towards leveraging the friendly regulation of Bitcoin to “ensure maximum reach and adoption”. Additionally, Ocean stated that it will also contribute to the education and development of bitcoin communities in the country, promoting the development of circular economies.