AUSTIN, Texas – May 8, 2025 – Ionic Digital Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today issued its unaudited Mining and Operations Update for April 2025.
For the month of April, Ionic mined 135.19 Bitcoin (“BTC”) after hosting fees of 1.01 BTC, operating at a Daily Average Hash Rate of 8.66 (EH/s), and achieving an improved Efficiency of 30.5 (J/THs). Despite a 13% decrease in BTC production from March, primarily due to a 1-day shorter reporting period, global hash rate increases, and temporary localized downtime, Ionic continued to enhance its operational performance – reflecting the Company’s focus on optimizing fleet efficiency and uptime. Maintaining its disciplined financial approach, Ionic operated with zero debt and advanced its HODL strategy, while strategically monetizing a portion of its mined BTC to maintain a robust liquidity position. The Company sold 125 BTC at an average price of $86,975.11, generating net proceeds of $10,871,888.00, and held 2,484.3 BTC on its balance sheet as of April 30, 2025.
Looking ahead, the Company is executing on its 2025 strategic initiatives with focus and momentum. As previously announced, the Company has retained leading investment banking, accounting, tax and legal advisors to explore a full range of strategic, operational, and financial alternatives to provide stockholder liquidity and maximize stockholder value in a regulatory compliant manner. Ionic intends to keep stockholders updated regarding its exploration of stockholder liquidity solutions, pursuant to applicable securities law.
Key Mining and Operating Metrics Summary1
| Metric | April 2025 |
| Capacity (MW)2 | 413 |
| BTC Mined3 | 135.19 |
| Average BTC Mined/Day4 | 4.51 |
| Daily Average Hash Rate (EH/s) 5 | 8.66 |
| Efficiency (J/THs)6 | 30.5 |
| BTC Sold7 | 125 |
| Total BTC Holdings8 | 2,484.3 |
1. Mining and Operating Metrics Summary: The key metrics disclosed in the mining and operating metrics summary are unaudited
2. Capacity: Total capacity at hosted and directly owned sites as of April 30, 2025
3. BTC Mined: After hosting fees of 1.01 BTC
4. Average BTC Mined/Day: Average BTC/Day in prior month was 4.99 5. Daily Average Hash Rate: The reported Hash Rate is derived from internal performance data. Hash Rate values reflect miner downtime and voluntary curtailment
6. Efficiency: Represents the capabilities of 119,896 active miners during the reporting period 7. BTC Sold: For an average net price of $86,975 per BTC
8. Total BTC Holdings: At the end of prior month was 2,474.15 BTC
About Ionic Digital
Ionic Digital is a prominent Bitcoin miner and emerging innovator in energy monetization. With facilities across the United States and more than 110,000 active miners, Ionic expects to drive the next generation of energy efficient, low-cost computing through sustainable Bitcoin mining. For more
information, visit ionicdigital.com and follow us on X at @IonicDigital.
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