Articles from Ionic Digital Inc.

Ionic Digital Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today issued its unaudited Mining and Operations Update for March 2025 and shared a number of key updates regarding progress on its strategic initiatives.

The Board of Directors (the “Board”) of Ionic Digital Inc. (“Ionic” or the “Company”) and Interim Chief Executive Officer Anthony McKiernan today sent a letter to Ionic stockholders (the “Letter”) in connection with its Annual Meeting of Stockholders. The Letter updated stockholders about the Company’s pivotal progress on its 2025 strategic initiatives and debunks some of the many false and misleading statements made by non-stockholders Mike Cagney, his company Figure Markets (“Figure”), a founder of GXD Labs (“GXD”), and their two purported and conflicted nominees, hedge funder Michael Abbate and former FTX advisory board member Oliver Wiener.

The Ionic Digital Inc. (“Ionic” or the “Company”) Board of Directors (the “Board”), today issued an open letter to stockholders reaffirming its unwavering commitment to maximizing stockholder value, optimizing its Bitcoin mining operations, and providing stockholder liquidity by taking the necessary steps toward listing Ionic shares on a national securities exchange or engaging in complementary or alternative transactions. The open letter also provides context on the recent decision in the Delaware Court of Chancery (the “Court”) regarding the sharing of the Company’s confidential stockholder list. The open letter can be read below:

Ionic Digital Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today announced that it intends to adjourn, without conducting any business, the annual meeting of stockholders (the “Annual Meeting”) scheduled to be held on March 17, 2025, at 9:00 a.m. (prevailing Eastern Time). The Company’s Board of Directors (the “Board”) made this determination following discussions between the Company and certain stockholders (the “Plaintiff Stockholders”) in litigation pending before the Delaware Court of Chancery (the “Court”) and in light of the timeline set by the Court for that litigation.

Ionic Digital Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today is providing notice to stockholders of record Brett Perry, Veton Vejseli, and Christopher Villinger (the “Dissident Stockholders”) that the Nominating Notice (the “Notice”) submitted to the Company purporting to nominate two candidates (Michael Abbate and Oliver Wiener) to stand for election to Ionic Digital’s Board at the Company’s 2025 Annual Meeting of Stockholders is invalid. The Company made the decision to reject the Notice as invalid on Friday, February 28, 2025.

Members of the Ionic Digital Inc. Board of Directors (the “Board”) and Ionic Digital’s Interim Chief Executive Officer Anthony McKiernan today issued a letter to stockholders (the “Letter”) in connection with the release of its proxy materials and the Company’s Annual Meeting of Stockholders (“Annual Meeting”) to be held on March 17, 2025. The Letter details the Company’s foundation-setting progress in 2024, including the energization of its Cedarvale facility in Texas, (“Cedarvale”), and highlights its priorities, momentum, and outlook for 2025.

Ionic Digital Inc., a digital infrastructure and cryptocurrency mining company, today announced an annual meeting of shareholders for director election to take place March 17, 2025.