OCEAN Mining Buyout of Luke Dashjr Leaves CONVOY Details Open
OCEAN completed the August 29 buyout of co-founder Luke Dashjr, who resigned all roles and launched CONVOY with no disclosed infrastructure or hash power transfer.
OCEAN Mining completed a buyout of co-founder Luke Dashjr on August 29, ending his ownership and three leadership positions at the Bitcoin mining pool.
Dashjr resigned as chairman, chief technology officer and director, with all of his equity repurchased under the joint statement.
The separation follows differing protocol visions, though the statement named no specific proposal as the cause.
New venture details absent
Dashjr is pursuing a new mining venture called CONVOY.
The announcement and public profile disclosed no endpoints, codebase, participating miners, infrastructure, fees or block-template policy, and no transfer of assets or staff from OCEAN.
Pool share unchanged
OCEAN stated it will continue operating its transparent, non-custodial pool.
Mempool.space data attributed 2.45% of the previous 163 blocks to OCEAN and placed the pool in a 2.5-2.9% range over the trailing week.
Open items
The repurchase price, remaining ownership structure and any successor appointments remain undisclosed.
No confirmation exists of miner or hash power movement to CONVOY, and the reported pool shares are snapshots only.