Ionic Digital Sends Letter to Stockholders Highlighting Continued Progress on 2025 Strategic Initiatives

The Board of Directors (the “Board”) of Ionic Digital Inc. (“Ionic” or the “Company”) and Interim Chief Executive Officer Anthony McKiernan today sent a letter to Ionic stockholders (the “Letter”) in connection with its Annual Meeting of Stockholders. The Letter updated stockholders about the Company’s pivotal progress on its 2025 strategic initiatives and debunks some of the many false and misleading statements made by non-stockholders Mike Cagney, his company Figure Markets (“Figure”), a founder of GXD Labs (“GXD”), and their two purported and conflicted nominees, hedge funder Michael Abbate and former FTX advisory board member Oliver Wiener.