**Swan Bitcoin Halts IPO Plans Amid Mining Shutdown**

Swan Bitcoin CEO Cory Klippsten has announced the company is shelving its initial public offering (IPO) plans following the closure of its mining operations. In a recent post, Klippsten revealed staff cuts and stated the firm is unlikely to continue its Managed Mining business soon. This decision comes after the Bitcoin halving event, which slashed mining rewards and impacted revenues.

Despite earlier ambitions to go public within a year, Swan Bitcoin is now scaling back its spending. Other mining firms like Northern Data and Genesis Digital Assets are still eyeing IPOs in the near future.