Ionic Digital, Inc., (“Ionic” or the “Company”), a digital infrastructure and cryptocurrency mining company, announced the appointment of Laura Schnaidt to the role of Chief Legal Officer, following the departure of Charles B. Ammann. Ms. Schnaidt brings nearly two decades of legal and compliance experience to Ionic, most recently as Counsel at global law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she served as a trusted advisor to asset management and financial services businesses in diverse stages of business transformation.

“As our company continues to reach key milestones, we are thrilled to welcome Laura to Ionic. With her subject-matter expertise and proven leadership in navigating complex landscapes, Laura is uniquely positioned to help guide our next phase,” said John Penver, Ionic’s Chief Financial Officer and Interim Chief Executive Officer. “Laura’s strong business-acumen and commitment to delivering value align perfectly with our vision, and I am confident she will be an invaluable partner in driving our mission forward.”

The Company also announced the voluntary resignations of Emmanuel Aidoo, a Class A Director, and H. MacIntyre “Mac” Gardner, a Class B Director, from Ionic’s Board of Directors.

“We appreciate Mr. Aidoo’s and Mr. Gardner’s dedicated service and contributions to Ionic. They have each played a key role in advancing our mission to deliver low-cost and energy-focused computing, utilizing Bitcoin mining infrastructure in a sustainable and cost-effective manner,” said Elizabeth LaPuma, Chairwoman of the Board of Ionic. “We respect Mr. Aidoo’s and Mr. Gardner’s decisions, and as we continue to drive toward our goals with momentum, focus, and intent, we wish them the very best in their future endeavors.”

Ionic and its Board of Directors remain committed to acting in the best interests of the Company’s shareholders as Ionic pursues its goals towards liquidity, a public listing, and advancing its mission. The Company intends to provide further updates regarding its Board of Directors in due course.

About Laura Schnaidt

Ms. Schnaidt is an accomplished attorney who has a strong background in providing clients with strategic support and commercial counsel during periods of corporate growth and transition. During her career, Ms. Schnaidt has served as a trusted advisor to asset management and financial services businesses in diverse stages of business transformation, most recently at Paul, Weiss, Rifkind, Wharton & Garrison LLP from 2021-2023, where she advised clients on fund formation, operations, and regulatory issues, as well as upper tier, management, and dispute resolution issues. Prior to working at Paul, Weiss, Ms. Schnaidt spent many years serving as General Counsel to multi-billion-dollar private fund managers. In addition to her corporate and transactional experience, Ms. Schnaidt has extensive experience navigating complex regulatory environments, building compliance programs, and interfacing with regulators.

Ms. Schnaidt received a J.D., magna cum laude, from New York Law School and a B.A. from Columbia University.

About Ionic Digital

Ionic Digital is a prominent Bitcoin miner and emerging innovator in energy monetization. With facilities across North America, Ionic expects to have the ability to deploy up to 13.7 exahash to the Bitcoin Network. For more information, visit ionicdigital.com and follow us on X at @IonicDigital.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241125078659/en/