-

Ionic Digital Announces Leadership Update

Ionic’s Operations Continue Fully and Without Interruption During Transition Period

Audit Expected to be Completed in Early 2025 as Planned

AUSTIN, Texas--(BUSINESS WIRE)--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.

Contacts

Media:
pr@ionicdigital.com

Industry:

Ionic Digital

Release Versions
English

Contacts

Media:
pr@ionicdigital.com

More News From Ionic Digital

Ionic Digital Appoints Andy Stewart as Chief Executive Officer

AUSTIN, Texas--(BUSINESS WIRE)--Following a unanimous vote, the Board of Directors (the “Board”) of Ionic Digital Inc. (“Ionic Digital” or the “Company”), a digital infrastructure company supporting the expanding needs of AI and high-performance computing, today announced the appointment of Andy Stewart as Chief Executive Officer (“CEO”), effective immediately. Stewart succeeds Anthony McKiernan, whose steady leadership as Interim CEO reinforced the Company’s foundation and supported its moment...

Ionic Digital Announces Confidential Submission of Draft Registration Statement for Proposed Public Listing

AUSTIN, Texas--(BUSINESS WIRE)--Ionic Digital Inc. (“Ionic Digital”) today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed public listing of its Class A common stock. The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions. This press release does not constitute an offer to sell or the solicitation of...

Ionic Digital Secures Transformational Lease Agreement of Cedarvale Facility with Nscale

AUSTIN, Texas--(BUSINESS WIRE)--Ionic Digital Inc. (“Ionic Digital” or the “Company”), a digital infrastructure and cryptocurrency mining company, today announced a landmark lease agreement (the “Agreement”) with Nscale, a vertically integrated AI cloud provider, for Ionic Digital’s Cedarvale facility in Barstow, Texas (“Cedarvale”). The transformational agreement positions Ionic Digital as an emerging innovator at the intersection of energy, Bitcoin mining, and advanced compute infrastructure....
Back to Newsroom