OCEAN Unveiled: Block CEO Jack Dorsey Leads $6.2 Million Investment Round In Decentralized Bitcoin Mining Pool

Today, Wyoming-based Mummolin, Inc, has announced the successful completion of a $6.2 million seed funding round, led by Jack Dorsey, also featuring prominent investors such as Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund, among others. This funding will fuel the launch of OCEAN, a new initiative aiming to decentralize Bitcoin mining on a global scale, according to a press release sent to Bitcoin Magazine.

“OCEAN is solving a problem for Bitcoiners that I think all of us feel—further centralization of mining pools that could plague Bitcoin, and how that risks a bunch of Bitcoin attributes that we hold dear,” said Jack Dorsey, co-founder…

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