Tuesday, January 14, 2025

New press release/letter from Ionic Digital CEO

AUSTIN, Texas – January 14, 2025 – Ionic Digital, Inc. (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, today announced that its Interim Chief Executive Officer, Anthony McKiernan issued the following letter to Ionic shareholders:

Ionic Digital Shareholders,

It’s been one month since I started as Chief Executive Officer of Ionic Digital Inc. (the “Company”) and I wanted to reach out to our shareholders for the first of what will be periodic communications from me updating you on important matters.

Since the start of my tenure with the Company, I have had an opportunity to strategize with the management team and Board members, as well as to review where the Company sits today, as part of a process to formulate a “day one” plan for progress on several fronts. Starting in December, the Company, with input from its advisors, has undertaken significant changes to certain prior practices and to overhaul its operations to compete more effectively in the Bitcoin mining industry and maximize long-term shareholder value.

In addition to these serious and crucial changes, there are several key initiatives that we plan to continue to pursue over the next few months to further enhance long-term shareholder value. First, the financial audit for FYE 2024 needs to be completed as quickly as possible. The key to any liquidity event(s) for the Company will require a clean audit opinion and market confidence in the Company’s financial position and results. We engaged BDO USA as our financial auditor in October. BDO and our in-house team are well underway in the audit process, which includes the establishment of an infrastructure that we believe would withstand the rigorous regulatory standards of a publicly listed company. This initiative is one of our highest priorities and we are aiming to complete the financial audit by the end of the second quarter 2025.

Second, I am pleased to report that construction on Building 3 at our Cedarvale facility is complete and it will be energized this week. Since mid-December 2024, we have taken steps to fortify our operations, working to ensure our sites are receiving high level supervision to maximize efficiency and miner performance, and focusing on reducing future expenses associated with site management. As previously disclosed, the Company terminated the prior mining management services agreement with Hut 8 Corp. More recently , the Company purchased 15,000 miners in the last two weeks at extremely advantageous rates. The Company anticipates those miners to turn cash flow positive in three months and that those miners will fill remaining shelf capacity and provide replacement support where needed. We are also reviewing all existing contracts and identifying ways to reduce expenses as we approach the one year anniversary of the Company’s emergence as part of the plan of reorganization approved in the Celsius Network bankruptcy process. Additionally, we have recently initiated the application process with ERCOT to increase energy capacity at our Cedarvale facility; the process will likely take up to 2 years.

Third, while the value of Bitcoin has increased and many analysts project positive trends, we are focused on strengthening the Company’s balance sheet. The Company’s goal today is to maximize Bitcoin holdings while also maintaining adequate cash assets to service dollar-based liabilities and hedge against potential fluctuations in Bitcoin prices. It is imperative that we maintain adequate liquidity, implement moderate spot trading, and minimize the risk of forced selling in the face of potential volatility. To that end, we plan to implement hedging strategies commensurate with the strategies utilized by our competitors that are designed to both protec t against material downside movement in Bitcoin prices and provide the Company with income growth through additional cash flows. We are also planning for 2025 cash needs including more efficient ways to pay for energy costs and other known operating expenses.

Finally, in addition to our current intention to list publicly, while our primary focus remains on the core business, we are actively exploring future strategic opportunities intended to maximize shareholder value. For example, the Company, among other things, is actively assessing whether to invest in differentiated, complementary lines of business as we consider the many possibilities that are emerging for energy monetization.

Our shareholders expect and deserve up-to-date financial and operational information regarding the Company and its performance. Accordingly, I plan to provide updates on these matters when we have news to report to our shareholders along the way.

As a first step, beginning with month-end January results, we will publish monthly key operating metrics on our website for shareholders to review. As of today we are holding approximately 2,461 of Bitcoin in treasury, the December average realized hash rate was 8.563 EH/s, and the December Bitcoin mined was 161.65. In 2024, the Company mined 1,851.14 Bitcoin. I look forward to progressing on these initiatives, with a focus on increasing shareholder value and liquidity in 2025.

Sincerely,

Anthony


Cracking the Code: Why Our Bitcoin QR Code Generator App Is Your Ultimate Crypto Sidekick

bitcoinqr.io

In a world where cryptocurrency reigns supreme and “blockchain” is no longer just a buzzword, having the right tools at your disposal is crucial. One tool that’s making waves? Our Bitcoin QR Code Generator App, available at BitcoinQR.io. It’s fast, reliable, and as slick as the blockchain itself. But let’s not just tell you why it’s awesome—let’s dive into the story of how it can revolutionize your crypto game.

Why QR Codes and Bitcoin Are a Match Made in Crypto Heaven

Let’s face it: cryptocurrency transactions can feel like deciphering ancient scrolls. Wallet addresses are long, alphanumeric nightmares where a single typo can send your Bitcoin into the digital abyss. Enter QR codes—a simple yet powerful solution to all your crypto woes.

A Bitcoin QR code is like a digital business card for your crypto wallet. It simplifies the complex, turning strings of data into a scannable, user-friendly square of awesomeness. Whether you’re accepting Bitcoin payments, sharing your wallet address, or even embedding payment links, a blockchain QR code generator is your golden ticket to seamless transactions.

Meet the Bitcoin QR Code Generator App

Our app is your go-to solution for generating QR codes that make Bitcoin transactions a breeze. It’s fast, intuitive, and designed with crypto enthusiasts in mind. Whether you’re a merchant, trader, or just someone who loves hodling Bitcoin, this app will make your life easier—and a lot cooler.

Features That’ll Blow Your Mind

  1. Lightning-Fast QR Code Generation Need a Bitcoin QR code in seconds? Done. Our app churns out perfectly formatted QR codes faster than you can say “blockchain.”
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  3. Universal Compatibility These QR codes aren’t picky. They work seamlessly with all major wallets, exchanges, and Bitcoin ATMs worldwide.
  4. User-Friendly Interface No PhD in computer science needed. Our app is straightforward, clean, and perfect for beginners and pros alike.

Real-World Applications: How to Use Our Blockchain QR Code Generator

Now that you’ve got a taste of what our app can do, let’s explore how it fits into your daily crypto life.

1. Accept Bitcoin Payments

Are you a business owner looking to dip your toes into the crypto payment pool? Using our Bitcoin QR code generator, you can create scannable payment links for your customers. Display the code at checkout or on your website, and watch the Bitcoin roll in.

2. Simplify Peer-to-Peer Transfers

Splitting the bill? Paying a friend? Instead of fumbling with wallet addresses, generate a QR code with our app, and let them scan their way to a quick and easy transaction.

3. Optimize Donations

Are you running a charity or crowdfunding campaign? A Bitcoin QR code simplifies the process for donors. No need for complex instructions—just scan and donate.

4. Streamline Crypto Events

Hosting a Bitcoin meetup? Use our blockchain QR code generator to share wallet addresses for ticket payments or donations. It’s the ultimate icebreaker in the crypto community.

Why a Blockchain QR Code Generator Is Vital in the Crypto Era

QR codes aren’t just convenient—they’re critical in a world that’s moving toward decentralization and digital payments. Here’s why:

  1. Error-Free Transactions Say goodbye to copy-pasting and typos. QR codes eliminate human error, ensuring your Bitcoin ends up where it’s supposed to.
  2. Speed and Efficiency Time is money, especially in the fast-paced crypto market. QR codes accelerate transactions, saving you valuable seconds.
  3. Global Usability From bustling Tokyo streets to quiet Swiss villages, Bitcoin QR codes work everywhere. They transcend borders and simplify global transactions.

A Day in the Life of a Bitcoin QR Code User

Picture this: You’re out for coffee at a hip café that accepts Bitcoin. The barista hands you the bill, and instead of fumbling with your wallet, you whip out your phone.

  1. Open the Bitcoin QR Code Generator app.
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Congratulations! You’ve just made a seamless Bitcoin payment—and looked like a total crypto pro while doing it.

Fun Facts About QR Codes in the Crypto Space

  • Did you know? The first Bitcoin QR code was used over a decade ago, long before crypto became mainstream.
  • QR codes can store up to 4,296 alphanumeric characters—plenty of room for all your Bitcoin wallet details.
  • Blockchain QR code generators are increasingly being used in innovative projects like NFTs, smart contracts, and even decentralized finance (DeFi).

Why Our App Stands Out

Sure, there are other QR code generators out there. But ours is built specifically for the Bitcoin community, with features and functionality tailored to blockchain enthusiasts.

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  • Versatility: Perfect for personal use, business transactions, and everything in between.

And the best part? You can try it right now at BitcoinQR.io.

The Future of QR Codes and Bitcoin

As Bitcoin adoption continues to grow, so will the importance of tools like blockchain QR code generators. Here’s a sneak peek into what’s coming:

  • Integration with Smart Devices: Imagine scanning QR codes with your smartwatch or VR headset.
  • Enhanced Privacy Features: Future QR codes could include encryption to protect transaction details.
  • AI-Generated Codes: Smarter, faster QR codes that adapt to user preferences.

Final Thoughts: The Bitcoin QR Code Revolution

The beauty of Bitcoin lies in its simplicity and decentralization. With tools like our blockchain QR code generator, we’re making crypto more accessible, efficient, and fun for everyone.

So, whether you’re a seasoned Bitcoin whale or just dipping your toes into the crypto waters, give our app a try. It’s your key to unlocking a world of seamless Bitcoin transactions, all wrapped up in the magic of QR codes.

Click here to explore our app now and join the revolution. Happy scanning! 🌟


What Are Your Expectations for the $SOLV Airdrop and Listing?

Play to Earn games and DeFi projects often redefine what’s possible in crypto, and Solv Protocol is no exception. Designed to simplify Bitcoin staking, SolvBTC and its Liquid Staking Tokens (LSTs) provide a seamless way to participate in DeFi without sacrificing liquidity. With exceeding $1.3 billion within just four months, The project is gaining a lot of attention.

The airdrop and listing offer users a chance to deposit and trade SOLV tokens effortlessly. The PoolX event, running from January 17 to January 27, lets participants lock their SOLV tokens to share 2,520,000 SOLV, further boosting earning potential. With some major platforms like Bitget offering zero issues for deposits and robust security measures like Proof of Reserves, it’s clear why many are choosing it as their trading platform.

Have you explored Solv Protocol yet? What are your thoughts on its listing price and potential impact in DeFi? Will SOLV surpass expectations and emerge as the top Liquid Staking solution? Let’s discuss!