Surges Over 25%, Ionic Digital Rises to Nearly $63 on Nasdaq Debut

OdailyOdaily News Bitcoin mining enterprise and AI infrastructure company Ionic Digital today made its direct listing debut on the Nasdaq under the ticker IOND. The stock opened at $50, with a reference price of $53, and surged over 25% during trading to nearly $63, implying a valuation of approximately $2.75 billion. Founded in January 2024, Ionic Digital acquired most of the mining assets from the bankruptcy restructuring of crypto lending platform Celsius Network, including mining machines, infrastructure, approximately $195 million in cash, and 540 BTC. Currently, Ionic Digital holds 2,861 BTC and is shifting more power capacity toward long-term AI lease agreements.