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Ocean Biomedical’s expansion will focus on developing power assets to meet the increasing energy demand, particularly in data center-grade infrastructure and grid-interactive generation.

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Ocean Biomedical (NASDAQ:OCEA) Monday announced a strategic expansion of its business operations to include power infrastructure development and a cryptocurrency treasury strategy, including ...

Ocean Biomedical intends to: Develop and operate select power assets to capitalize on rising energy demand, with an initial focus on data center-grade infrastructure and grid-interactive generation.

Ocean Biomedical intends to: Develop and operate select power assets to capitalize on rising energy demand, with an initial focus on data center-grade infrastructure and grid-interactive generation.

He noted the rising global demand for energy and the institutional and governmental recognition of cryptocurrencies like Bitcoin and Solana as significant factors influencing their strategic decision.