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Luke Dashjr Exits OCEAN After Equity Buyback

He left following a mutual split with parent company Mummolin that cited differing visions for Bitcoin mining after recent protocol changes.

Overview

  • OCEAN and Luke Dashjr said they reached a mutual separation in which Dashjr resigned as chairman, chief technology officer and director and Mummolin repurchased all of his equity.
  • The company said its non‑custodial mining pool will keep operating with no reported service interruption and that existing commitments to the pool remain in place.
  • Both sides attributed the break to “different visions” after recent protocol developments but did not identify which proposals or technical issues triggered the split.
  • Dashjr announced plans to form a new venture called CONVOY to pursue decentralization goals but has not shared a team, technical details or a launch timeline.
  • OCEAN now faces a leadership and technical roadmap gap after losing its co‑founder; observers should watch for named replacements, published design plans and any changes to block‑template or miner‑control policies.