The separation stems from conflicting visions regarding the future of Bitcoin mining following recent protocol developments, though neither side has specified which technical disputes triggered the divide. Dashjr, a veteran in the space who previously founded the Eligius pool, intends to launch a new venture called CONVOY to further his mission of decentralizing mining infrastructure. Details regarding the project’s scope, technical architecture, or launch timeline remain undisclosed.
OCEAN, which secured $6.2 million in seed funding from investors including Jack Dorsey in 2023, confirmed that its operations will continue as planned. The pool remains committed to its non-custodial model, which allows miners to receive rewards directly without pool-controlled intermediaries. While the company has not yet named a replacement for Dashjr’s executive roles, it emphasized that service for existing miners remains uninterrupted. Mummolin Inc., the Wyoming-based entity behind the pool, did not disclose the financial terms of the equity repurchase.
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