Bitcoin Miner Ionic Digital Hires CFO to Shepherd IPO

Coindesk07-11

Bitcoin miner Ionic Digital hired John Penver, who used to work at data center service provider TSS, as CFO.Ionic bought bankrupt crypto lender Celsius' mining assets and plans to IPO this year.Ionic ...

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Among them is financial services firm Swan Bitcoin. Genesis Digital Assets, formerly backed by Sam Bankman-Fried, and two of Northern Data's units were also among firms reportedly planning IPOs.Ionic is helmed by Matt Prusak, former chief commercial officer of Hut 8 (HUT) and USBTC. Earlier this year, the miner said it would acquire all of Celsius' mining assets as part of the bankrupt lender's emergence from Chapter 11.The firm said in February that it plans to go public in the next 12 months and expects to achieve 12.7 exahash per second (EH/s), a measure of computing firepower being directly toward mining bitcoin, once its fleets are fully operational this year. At the time, Ionic said the assets include about 87 megawatts (MW) of self-mining capacity, 142MW of hosted bitcoin mining at third-party sites and the Cedarvale site, which is in development to reach a capacity of 240MW.Edited by Nick Baker.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2450335716"}