Bitcoin miner Ionic Digital has appointed John Penver, a former employee of data center services provider TSS, as chief financial officer.

Ionic has acquired the assets of bankrupt crypto lender Celsius and is planning an IPO this year.

Penver will be responsible for Ionic Digital's public offering process and the company's financial operations.

Despite the increasing complexity of the mining ecosystem following the reduction of the Bitcoin block reward, several private miners are planning an IPO.