Ionic Digital Resumes IPO Plans After Appointing New Auditor

According to PANews, Bitcoin mining company Ionic Digital has resumed its initial public offering (IPO) plans following the appointment of BDO USA as its new auditor. As of September 30, 2024, the company holds 2,102.29 BTC, valued at approximately $135.3 million. Ionic Digital intends to liquidate part of its Bitcoin reserves in the fourth quarter to fund future infrastructure projects. In addition, Ionic Digital has activated a second building at its mining facility in Ward County, Texas, increasing its total load capacity to 140 megawatts. The company plans to expand this capacity further to 215 megawatts.