News linked to both this project and an event.
DeFi lending protocol Ionic Protocol announced on X platform that due to the escalating impact of a security breach incident in 2025, the project has been forced to immediately cease all operations. All users are required to withdraw their assets from all deployments as soon as possible. Ionic Protocol added that the decision to shut down was made with "no other option," and related services are now in the termination process.
cryptocurrency mining company Ionic Digital has released its mining and operational update report for May 2026, disclosing a mining output of 24.77 BTC, representing a 21.1% month-over-month increase. During the period, the company did not sell any Bitcoin and maintained a zero-debt status, with total holdings rising to 2,861 BTC. The company also disclosed current average daily hashrate of 1.74 EH/s, an increase of 15.3% compared to the previous month. (Globenewswire)
Ionic Digital has released its unaudited mining and operations update for April 2026, disclosing that it mined a total of 20.45 Bitcoin (BTC) in April, a decrease of 27.1% compared to the previous month. The average daily hashrate was 1.51 EH/s, down 26.2% month-over-month, primarily due to the full shutdown of its GXD-hosted mining site in Oklahoma, which is now completely offline. The company currently only operates its four Midland mining sites, which contributed all 20.45 BTC mined in April. During the same period, the global network hashrate decreased by 2.1%, but block production remained largely stable, growing by 0.5% month-over-month.On the financial front, Ionic Digital maintains a zero-debt status and did not sell any BTC in April. As of April 30, the company held 2,836.4 BTC, an increase of approximately 19.9 BTC from the previous month. (Globenewswire)