Ionic Digital Inc., a prominent player in the bitcoin mining industry, shared updates with their shareholders, highlighting significant advancements at their Cedarvale facility located in Ward County, Texas. With Building 1 set to be energized this week, the site’s total load will reach 90 MW, housing 15,552 bitcoin miners currently.
The company is gearing up to construct four state-of-the-art 50 MW facilities at Cedarvale, with plans to accommodate around 66,000 miners once fully operational. This expansion aligns with Ionic Digital’s overall strategy, aiming to become a key player in the bitcoin mining realm.
In other news, CEO Matt Prusak will be stepping down, with John Penveras stepping in as Interim CEO to manage the transition smoothly. Prusak’s leadership has set a strong foundation for Ionic Digital’s growth, and the company is optimistic about Penveras’ role in maintaining stability and progress.
Additionally, the Board of Directors has welcomed new members H. McIntyre Gardner and Scott N. Flanders, adding valuable expertise to the team. Gardner brings an extensive background in finance, having chaired multiple boards, while Flanders boasts a rich history in media, entertainment, and technology sectors.
On the auditing front, RSM US LLP’s decision to disengage from cryptocurrency companies has prompted Ionic Digital to seek a new auditor to resume SEC filings. Once a new auditor is engaged, the company aims to swiftly complete the necessary steps to become a public reporting entity.
Ionic Digital is a leading bitcoin miner in North America, positioning itself as an innovator in energy monetization. With plans to deploy up to 12.7 exahash to the Bitcoin Network, the company is poised for further growth and expansion. Stay updated with Ionic Digital’s progress by visiting their website and following them on social media.
For media inquiries, please contact the company directly. Stay tuned for more updates from Ionic Digital as they continue to make strides in the bitcoin mining industry.
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