Nasdaq Surge: Celsius-Linked Bitcoin Miner Ionic Digital Rockets 26% in Debut
Ionic Digital delivered a powerhouse performance during its Nasdaq debut, with shares surging 26% to close at $62.90. Emerging from the restructuring of the bankrupt Celsius, the company has quickly established a massive market presence, reaching a valuation of approximately $2.8 billion.
This direct listing highlights the massive convergence between Bitcoin mining and the burgeoning AI sector. By leveraging assets acquired from Celsius Mining to build high-performance computing infrastructure, Ionic Digital is pivoting toward a dual-threat model that serves both the crypto ecosystem and the global demand for Artificial Intelligence.
Ionic Digital, the Bitcoin miner and AI infrastructure company linked to Celsius, saw its shares climb approximately 26% from their opening price during its Nasdaq debut on Tuesday. The stock opened at $50 and closed at $62.90, signaling strong investor appetite.
According to SEC filings, the company has roughly 44.9 million shares outstanding, bringing its market capitalization to about $2.8 billion. Formed in 2024 to acquire Celsius Mining’s assets through the bankrupt lender's restructuring, Ionic Digital has aggressively expanded its scope beyond mining into AI and high-performance computing (HPC) infrastructure.
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