Ionic’s Operations Continue Fully and Without Interruption During Transition Period Audit Expected to be Completed in Early 2025 as Planned
AUSTIN, Texas – December 5, 2024 – Elizabeth LaPuma, Chairwoman of the Board and Director of Ionic Digital, Inc., (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, announced on behalf of the Company the voluntary resignation of Interim Chief Executive Officer and Chief Financial Officer, John Penver, effective immediately. The Company’s senior leadership personnel, with the assistance of its Board of Directors, will lead day-to-day operations.
Ionic and its Board of Directors expect to name an Interim Chief Executive Officer and Chief Financial Officer to continue to execute and operationalize its business strategy and make progress in completing its audit in early 2025 while its search process for permanent executives continues.
“We thank John for his commitment and contributions to Ionic during his tenure,” said LaPuma. “We have full confidence in Company leadership and its highly qualified team to execute day-to-day operations while we work to identify interim and full-time executives to advance our mission and drive shareholder value.”
In its commitment to frequent communication and engagement, Ionic intends to update its shareholders on its management and operating plans in the coming weeks.
About Ionic Digital
Ionic Digital is a prominent Bitcoin miner and emerging innovator in energy monetization. With facilities across North America, Ionic expects to have the ability to deploy up to 13.7 exahash to the Bitcoin Network. For more information, visit ionicdigital.com and follow us on X at @IonicDigital.
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