TechFlow news, October 22 — According to Bitcoin.com, bitcoin mining company Ionic Digital announced the restart of its initial public offering (IPO) plans following the appointment of BDO USA as its new auditor. As of September 30, 2024, the miner held 2,102.29 BTC, with a market value of approximately $135.3 million. The company intends to liquidate part of its bitcoin holdings in the fourth quarter to fund infrastructure projects.
In addition, the company has launched a second building at its facility in Ward County, Texas, increasing total load capacity to 140 megawatts, further expanding its mining operations. The appointment of BDO is expected to strengthen shareholder confidence, improve audit processes, and enhance financial transparency.
