Shareholders Can Expect Continued Communications as the Company Assesses Business to Support Long-Term Goals
AUSTIN, Texas, October 28, 2024 – Ionic Digital Inc., a leader in digital infrastructure and cryptocurrency mining (“Ionic” or the “Company”), today confirmed that it has agreed to a meeting with an individual Ionic shareholder and certain other parties, including Figure Markets and GDX Labs that participated in the Celsius Network LLC chapter 11 auction process, (collectively, the “Group”) regarding shareholder viewpoint and the Group’s desire for the Company to enter into commercial agreements with the Group.
Following the recent appointment of Elizabeth LaPuma as its new board chair and BDO USA as its new independent registered public accounting firm, the Company has also engaged outside expertise to oversee a rigorous, independent assessment of the Company’s Bitcoin mining management arrangements and performance to continue to drive sustainable, long-term shareholder value and provide a clear pathway to listing on an established, regulatory compliant national securities exchange that will provide shareholders with a liquid market for the Company’s stock.
Ionic remains committed to ongoing, informative communications with its shareholders. The Company will continue to provide regular updates to all shareholders as it focuses on driving long-term shareholder value.
About Ionic Digital
Ionic Digital is a best-in-class 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.
