Crypto Startup Chia’s New CEO Isn’t Giving Up on Plans to IPO

Chia Network Inc. has a new chief executive officer who says he’s planning for an eventual public offering, despite the deep freeze in the crypto markets.

The blockchain startup plans to announce Thursday that Gene Hoffman was appointed CEO on Jan. 1. Hoffman, who was the company’s chief operating officer, succeeds Bram Cohen in the top post. Cohen was named chairman of the board and chief technology officer.

Hoffman said Chia will file with the Securities and Exchange Commission for a traditional initial public offering soon, but that the company does not plan to make its public debut this year. “We are very realistic that ...