OCEAN Mining elects Bob Burnett as chairman of the board

OCEAN Mining, the decentralization-focused Bitcoin mining pool, has named Bob Burnett as its new chairman of the board. The appointment fills a leadership vacuum that opened when co-founder Luke Dashjr stepped down from his roles as chairman and CTO on August 29, 2026. Burnett isn’t exactly a newcomer to OCEAN’s orbit. As CEO of Barefoot Mining, he’s directed over 90% of his company’s hashrate to the pool, making him one of its most significant contributors and loudest advocates. From biggest customer to boardroom leader Burnett’s elevation follows what appears to have been a deliberate pause in succession planning. After Dashjr’s departure, OCEAN initially chose not to name an immediate replacement, instead emphasizing its commitment to continuing transparent, permissionless operations. Burnett brings operational credibility to the role, having publicly championed OCEAN’s model and participated in performance studies that he says demonstrate better financial returns compared to traditional FPPS (full pay-per-share) pools. OCEAN launched in November 2023 with roughly $6.2 million in seed funding led by Jack Dorsey, and has since grown to represent between 2.45% and 2.88% of recent ...