Ocean Mining Establishes Global Hub in El Salvador

Jack Dorsey-backed Ocean Mining is establishing its international headquarters in San Salvador, El Salvador. The company, through its new entity Ocean Mining S.A. de C.V., aims to take advantage of the favorable regulatory environment in El Salvador to expand its operations and promote Bitcoin adoption. As part of this initiative, Ocean Mining is integrating Stratum V2, a protocol designed to distribute power more evenly among miners and decentralize Bitcoin mining globally. This move aligns with El Salvador’s status as a “Bitcoin Country,” as it was the first nation to adopt BTC as legal tender. Alongside mining activities, Ocean Mining also plans to contribute to the education and development of Bitcoin communities in the country, supporting the growth of circular economies. Jack Dorsey, a prominent Bitcoin supporter, is expected to play a significant role in Ocean Mining’s operations in El Salvador. By establishing a presence in the country, Ocean Mining aims to achieve maximum reach and adoption while operating within a supportive regulatory framework.