Key facts
- Ionic Digital, a Bitcoin miner and AI infrastructure firm, has filed for a direct listing on the Nasdaq.
- The company was formed in January 2024 to acquire cryptocurrency mining assets from Celsius Mining.
- Registered stockholders plan to sell up to 10.8 million shares of common stock.
- Ionic Digital recently raised $400 million at a $2 billion pre-money valuation.
- The company intends to list under the ticker symbol "IOND".
Ionic Digital, a company formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, has filed for a direct listing on the Nasdaq under the symbol "IOND". The company, which also operates in AI infrastructure, aims to list its existing shares without creating new ones, allowing current stockholders to sell their holdings. Registered stockholders plan to sell up to 10.8 million shares as part of the process. Ionic Digital was established following Celsius' restructuring, which received U.S. bankruptcy court approval in November 2023. Celsius itself filed for Chapter 11 protection in July 2022. In a recent funding round, Ionic Digital secured $400 million at a pre-money valuation of $2 billion, with investments from Attestor, Oaktree Capital Management, and Sachem Head Capital Management. J.P.Morgan, Jefferies, and BTIG are serving as financial advisors for the direct listing.