Ionic Digital Revives IPO Plans, Reports Holding 2,102 BTC

Ionic Digital, operator of the rebranded Bitcoin mining assets from the defunct Celsius, has revived its initial public offering (IPO) plans after hiring BDO USA as its new auditor. The company also reported holding 2,102 BTC, valued at approximately $135 million as of September 30, 2024.

In September, Ionic Digital produced 107.54 BTC, with an average operating hashrate of 9.4 EH/s, utilizing 319 megawatts of power. The company continues to expand its facilities, energizing Building 2 at its Ward County site in Texas, adding 50 megawatts of power.

The appointment of the new auditor will allow Ionic Digital to advance its process of becoming a publicly traded entity. This is crucial for building investor confidence and ensuring transparency in the company’s financial reporting.