Ionic Digital NASDAQ tops 25%

On 29 July, Bitcoin Minerals and Ionic Digital, an AI infrastructure company, landed in NASDAQ today by direct listing, code IOND, with an offer of $50 and a reference price of $53, an increase of 25 per cent to almost $63, with an implicit estimate of approximately $2.75 billion. Founded in January 2024, the company acquired most of the mining assets of the encrypted lending platform, Celsius Network, in the bankruptcy and restructuring of the mine, infrastructure, approximately $195 million in cash and 540 BTCs. Ionic currently owns 2861 BTCs, while moving more power to a long-term AI lease。