Surged over 25%, Ionic Digital's Nasdaq debut climbs to nearly $63 during trading

Odaily Planet Daily News Bitcoin mining and AI infrastructure company Ionic Digital debuted on Nasdaq today via a direct listing, with the stock code IOND. Opened at $50 against a reference price of $53, it surged over 25% to nearly $63 intraday, 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 rigs, infrastructure, approximately $195 million in cash, and 540 BTC. Currently, Ionic Digital holds 2,861 BTC and has shifted more power capacity towards long-term AI leasing contracts.