Ionic Digital Postpones IPO Amid CEO Resignation and Audit Termination

IconCryptoNewsTerminal Staff08 Aug, 2024

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Ionic Digital Postpones IPO Amid CEO Resignation and Audit Termination

Ionic Digital Postpones IPO Ionic Digital, a bitcoin mining company, has postponed its plans for an initial public offering (IPO), according to CoinDesk. The media outlet reported that the decision to delay the IPO came "amid the recent departure of its CEO and the termination of its auditing contract." In July, Ionic Digital CEO Matt Prusak announced he would be leaving the company, effective August 14. CFO John Penver was named interim CEO. Separately, RSM US, the accounting firm that had been auditing Ionic Digital, recently announced it was terminating its relationship with the company, citing the firm's wind-down of services to cryptocurrency clients.