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Luke Dashjr leaves OCEAN pool after buyout, launches CONVOY

OCEAN said it will keep operating its transparent, non-custodial pool, while a Mempool.space snapshot showed it accounted for 2.45% of blocks in the prior day.

Reported · Written up by our desk · Market Structure

CryptoSlate reports that OCEAN Mining has completed a buyout of co-founder and 16-year Bitcoin Core developer Luke Dashjr, ending his ownership and three leadership roles at the Bitcoin mining pool.

Dashjr resigned as chairman, chief technology officer, and director, while OCEAN repurchased all of his equity, though the private company did not disclose the buyout price, its remaining ownership structure, or any successor appointments. OCEAN said it will continue operating a transparent, non-custodial mining pool.

In a separate move, Dashjr plans to pursue a new mining venture called CONVOY. CryptoSlate notes that as of the reporting cutoff, CONVOY had not published enough information to verify an operating pool, with no disclosed endpoint, codebase, participating miners, infrastructure, fees, or block-template policy, and no stated transfer of miners, staff, or infrastructure from OCEAN.

CryptoSlate added that OCEAN’s hashpower presence has been measurable in public data, citing a Mempool.space snapshot at 07:07 UTC on Aug. 30 where OCEAN was attributed four of 163 prior Bitcoin blocks, or 2.45%. Across a trailing week, Mempool.space attributed 29 of 1,007 blocks to OCEAN, or 2.88%, and estimated the pool at roughly 25 EH/s to 26 EH/s, framing it as a consistent 2.5% to 3% block share band rather than a single-block trend.

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