Ionic Digital, a Bitcoin mining and AI infrastructure company, began trading on Nasdaq through a direct listing on Tuesday under the ticker IOND. The stock opened at $50 against a reference price of $53, then climbed more than 25% intraday to nearly $63, implying a valuation of about $2.75 billion.
The company was formed in January 2024 and acquired most of the mining assets involved in the bankruptcy restructuring of crypto lender Celsius Network. Those assets included mining machines, infrastructure, about $195 million in cash, and 540 BTC.
Ionic Digital currently holds 2,861 BTC. It is also shifting more of its power capacity toward long-term AI leasing contracts, showing how the company is positioning itself across both Bitcoin mining and AI infrastructure.
Ionic Digital, a Bitcoin mining and AI infrastructure company, began trading on Nasdaq through a direct listing under the ticker IOND.
The stock opened at $50, compared with a reference price of $53. During the session, it rose more than 25% to nearly $63, implying a valuation of about $2.75 billion.
Company formed in January 2024
Ionic Digital was established in January 2024. It acquired most of the mining assets involved in the bankruptcy restructuring of crypto lender Celsius Network, including mining machines, infrastructure, about $195 million in cash, and 540 BTC.
Current BTC holdings and AI strategy
The company currently holds 2,861 BTC. It is also redirecting more of its power capacity to long-term AI leasing contracts.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
