Ionic Realized 8.56 EH/s Bitcoin Hashrate, Mining 162 BTC in December

Ionic Digital, the Bitcoin mining firm rebranded from the now-defunct crypto lending platform Celsius, is preparing to join its publicly traded competitors by reporting monthly production updates.

In a letter sent to shareholders on Tuesday, the company stated that its top priority for 2025 is to complete financial audits for 2024. These audits will serve as a foundation for potential liquidity events, including a possible stock exchange listing.

Additionally, interim CEO Anthony McKiernan announced that Ionic will begin publishing monthly Bitcoin mining updates starting with results from January. According to the letter, Ionic mined 1,851 BTC in 2024, including 161.65 BTC in December, reflecting a realized hashrate of 8.563 EH/s for the month. This performance places Ionic among the top 10 Bitcoin mining companies by realized hashrate.

The company also reported an increase in its Bitcoin reserves, which grew from 1,892 BTC at the end of July to 2,461 BTC by the end of December.

Ionic recently announced that it terminated a managed services contract with Hut 8 (NASDAQ: HUT), opting to bring fleet operations and management in-house—a move likely aimed at cutting operational costs.

Additionally, Ionic disclosed that it had purchased 15,000 new mining units over the past two weeks. While the company did not specify the equipment model or hashrate output, it claimed the purchase was made at “extremely advantageous” prices.