Ionic Digital Shareholders:
Act Now to Prevent a Hostile Takeover!

We are likely about to be acquired by Hut 8 under distress. The Ionic Digital board is in chaos, with no auditor in place, and a public listing is unlikely anytime soon. What's more alarming is that the liquidation clause allowing us to cancel Hut 8 from managing our Bitcoin mining has been quietly removed. 

This means we're now locked in and potentially stuck with them, and Hut 8 is likely negotiating a hostile takeover as we speak. None of this has been properly disclosed to us.

•  Tony Vejseli, a fellow shareholder, sent a letter to Judge Glenn demanding transparency;
• I also wrote to Judge Glenn with specific requests, which forced the company to issue a press release admitting the chaos we're in.

 From my assessment, this could go in one of three directions:

1. Hostile Takeover: Hut 8 acquires Ionic Digital for pennies on the dollar – a terrible outcome for all of us, but something we should decide upon competitively and not in distress.
2. Management Overhaul: We replace Hut 8 with a new Bitcoin mining team through a partnership with Figure, which is interested in listing Ionic Digital shares on their blockchain-native platform.
3. Controlled Liquidation: We hand over Ionic Digital to the Litigation Oversight Committee, forcing a controlled liquidation to ensure better outcomes for shareholders.

To avoid the first option—an unfavorable acquisition by Hut 8—and to take control of our destiny, we need to gather at least 25% of shareholders. This may give us the power to decide the company’s future direction, allowing us to pursue the best outcome for all shareholders.

If we secure 25% of shareholders, we can call a shareholder meeting and gain control of the decision-making process to choose between all three potential paths.

If we don’t act now, we are likely to be forced into the worst option—an undervalued takeover by Hut 8 and more cash burn.

To prevent a hostile takeover without our say and to ensure that Ionic Digital's future is decided by its shareholders, please provide the following information to join us in reclaiming control:

By providing this information, you are joining other shareholders to secure the 25% we need to take decisive action and  call a shareholders meeting.

Unsure how to claim your Ionic Digital shares or check how many you own?

Here’s a simple guide from my Exclusive Recovery Club to help you quickly find out how many Ionic Digital shares you have and claim them if you haven't already.

An email notification with your login credentials and share allocation will be sent by Ionic Digital Inc. 

This email also contains the number of shares that you own to be added to the form above.

In case you want to check your shares in their portals the email will also contain a temporary username and password that you will need to use in order to access your Shares.

• You will need to click the register button first and create a secure password, add your phone number and answers to three security questions.

• Use the username and password provided in the email to log in to the Odyssey portal.
• Complete any additional information requested to update your account.

• The portal will display the number of shares you are entitled to based on your Celsius creditor claim

• You will also find FAQs and resources about the transfer process.

In case it’s useful, here's a video from my Exclusive Recovery Club where I provided a step-by-step guide on private equity, public equity and how to claim your Ionic Digital shares for those that wanted to transfer them to Bnk To The Future. I hope you find it helpful!

Act now to protect your investment and ensure that the future of Ionic Digital is shaped by its shareholders.

Best regards,  

Simon Dixon