Jack Dorsey's Bitcoin Mining Pool Ocean Expands Global Reach with Presence in El Salvador

Jack Dorsey's Bitcoin Mining Pool Ocean Expands Global Reach with Presence in El Salvador

Bitcoin Mining Pool Ocean Establishes Presence in El Salvador Key Points: - Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established a legal entity in El Salvador. - The entity will serve as an international business hub for Ocean. - El Salvador's pro-cryptocurrency stance and access to renewable energy have likely influenced Ocean's decision. According to a press release, Twitter and X founder Jack Dorsey's Bitcoin mining pool Ocean has expanded its operations by establishing a presence in the cryptocurrency-friendly nation of El Salvador. The company's El Salvador entity will reportedly function as an international business hub. Ocean's foray into El Salvador is likely driven by the country's embrace of cryptocurrencies like Bitcoin, which it has adopted as legal tender. El Salvador also offers access to abundant and affordable renewable energy sources, making it an attractive destination for energy-intensive Bitcoin mining operations. Ocean's expansion into El Salvador marks a significant development for the global Bitcoin mining industry. The company's presence in the country will provide it with access to new markets and resources, further solidifying its position as a major player in the Bitcoin mining landscape.