JOINT STATEMENT OF OCEAN AND LUKE DASHJR
Dashjr resigned as chairman, chief technology officer and director, and OCEAN said it will keep its non-custodial mining pool open.
- On Saturday, August 29, 2026, Bitcoin mining pool co-founder Luke Dashjr departed OCEAN following a mutual separation agreement with parent firm Mummolin Inc, which repurchased all of his equity.
- The separation stems from differing visions for the future of Bitcoin mining following recent protocol developments, though neither party disclosed specific areas of disagreement.
- OCEAN will continue serving miners with its non-custodial mining pool; the company reported no service suspension or changes to its payout system following the departure.
- Dashjr plans to launch a new venture called CONVOY to continue his mission of decentralizing Bitcoin mining, though details regarding its architecture remain unverified.
- Mummolin has not announced replacements for Chairman or Chief Technology Officer roles, and the company must clarify its leadership structure after losing its co-founder and raising $6.2 million in 2023.
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin mining divide pushes Luke Dashjr out of OCEAN
OCEAN co-founder Luke Dashjr has resigned and sold his equity back to the Bitcoin mining pool before launching a new venture called CONVOY.
JOINT STATEMENT OF OCEAN AND LUKE DASHJR
CHEYENNE, Wyo., Aug. 29, 2026 /PRNewswire/ -- OCEAN (Mummolin, Inc.) and Luke Dashjr announce today that, by mutual agreement, Luke Dashjr has separated from OCEAN, resigning as Chairman, Chief Technology Officer, and director, and that the Company has repurchased all…
Luke Dashjr Exits OCEAN After BIP-110 Fallout as Bitcoin Pool Buys Back His Equity
TLDR: Luke Dashjr exits OCEAN after the BIP-110 dispute, with Mummolin buying back all of his company equity. BIP-110 miner signaling peaked near 2.6%, far below the proposal’s targeted 55% hashrate support threshold. OCEAN produced about 2.88% of Bitcoin blocks over the past week, with hashrate estimated at 25.33 EH/s. Dashjr is moving to CONVOY, [...] The post Luke Dashjr Exits OCEAN After BIP-110 Fallout as Bitcoin Pool Buys Back His Equity a…
Luke Dashjr left his positions and participation in OCEAN after differences over the future of Bitcoin mining. The developer is now preparing CONVOY, a project whose technical objectives, business model and funding have not yet been revealed.
Luke Dashjr Resigns from OCEAN and Sells Equity Holdings
CHEYENNE, Wyo. — OCEAN, also known as Mummolin, Inc., and Luke Dashjr announced on August 29, 2026, that Dashjr has resigned from his positions as Chairman, Chief Technology Officer, and director of the company. The two parties reached a mutual agreement to separate, and the company has repurchased all of Dashjr’s equity holdings. This leadership
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