🚀 **Swan Bitcoin Pivots Amid Mining Shutdown**

- Cory Klippsten, CEO of Swan Bitcoin, announced the firm is hitting the brakes on its IPO plans after shutting down its mining operations.

- In a July 22 X post, Klippsten shared that staff cuts are on the horizon, and the company is dialing back its spending.

- Swan Bitcoin initially launched its mining venture in 2023, aiming for a public listing within a year, but post-halving revenue drops have changed the game.

- On the bright side, other mining firms like Northern Data and Genesis Digital Assets are still eyeing IPOs. 🌟

Source: Cory Klippsten