Rises over 25%, Ionic Digital surges to nearly $63 on Nasdaq debut

The Odaily reports that Bitcoin mining enterprise and AI infrastructure company Ionic Digital debuted on Nasdaq today via a direct listing, under the ticker symbol IOND. The stock opened at $50, with a reference price of $53, rising over 25% intraday to nearly $63, implying a valuation of approximately $2.75 billion. Founded in January 2024, Ionic Digital acquired the majority of 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 redirecting more power capacity towards long-term AI lease contracts.