Reaffirms Commitment to Fully Energize Ward County, Texas Facility by the end of 2024

Continues to Work Toward Completing Audit in 2025

AUSTIN, Texas: Ionic Digital, Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today announced the appointment of Anthony McKiernan as Interim Chief Executive Officer, effective immediately. McKiernan, who brings more than two decades of public company financial services leadership experience, succeeds John Penver, who departed from his role as Interim Chief Executive Officer and Chief Financial Officer.

“We are excited to welcome Anthony to Ionic and are confident in his ability to bring stability and stewardship as we evolve the Company for its next phase,” said Elizabeth LaPuma, Chairwoman of the Board and Director of Ionic Digital. “With Anthony’s track record of success across financial services and extensive public company leadership experience, we look forward to working with him as we continue to advance Ionic Digital, maximize value for shareholders, and drive our mission forward.”​

“Ionic is in an advantageous position to establish itself as a leader in the industry, and I am eager to work alongside the Board and talented team to further operationalize our assets and drive the business forward,” said Anthony McKiernan. “I will prioritize transparent communication with our shareholders to build trust and confidence in Ionic as we focus on driving long-term growth, promoting innovation, and maximizing value.”​

The Company remains on track to fully energize its Ward County, Texas Facility by the end of 2024, and is working toward completing its audit in 2025.

About Anthony McKiernan​

Prior to joining Ionic Digital, Anthony McKiernan served as Chief Financial Officer at MBIA Inc., a publicly traded financial services company specializing in financial guarantee insurance for public and structured finance markets. As a member of MBIA’s Senior Management Team, Anthony led the company's strategic and financial initiatives, successfully navigating complex regulatory environments, delivering value back to shareholders, and leading the restructuring of over $120 billion in RMBS and synthetic CDO transactions. With over 25 years of experience in financial services, Anthony has a proven track record of delivering innovative financial solutions, creative liquidity solutions, and driving long-term shareholder value. As Interim CEO, Anthony McKiernan will lead Ionic Digital’s day-to-day operations and position the company for long-term success.​

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. ​

Fonte: Business Wire