OCEAN Receives SOC 1 and SOC 2 Type 2 Attestations for Bitcoin Mining Operations
Bitcoin OCEAN LLC, the operator of the OCEAN mining pool under parent company Mummolin Inc., has received both SOC 1 Type 2 and SOC 2 Type 2 attestation reports. These independent examinations validate the design and effectiveness of internal controls over financial reporting (SOC 1) as well as security and availability (SOC 2). The results reinforce OCEAN's commitment to transparency, decentralization, and miner control through its transparent reward accounting system and DATUM platform. The Type 2 reports build on previous Type 1 attestations by evaluating controls over a longer period. CFO Nick Watkins emphasized the importance of these reports for finance teams and auditors seeking evidence about OCEAN's operational integrity. Legal and Compliance Officer Ian Northon highlighted how permissionless participation aligns with independent assurance, supporting Bitcoin’s foundational principles. OCEAN continues to focus on direct payouts from the Bitcoin network while enabling miners to construct their own block templates through pooled mining.
