Celsius-linked Bitcoin miner Ionic Digital seeks Nasdaq direct listing amid AI pivot
Ionic Digital, formed from Celsius Mining’s assets, has filed for a Nasdaq direct listing to create a public market for existing shares. The company is shifting its business from Bitcoin mining to AI and high‑performance computing, leasing its 234‑MW Texas facility to AI provider Nscale. The filing does not raise new capital and follows a recent $400 million private placement to fund infrastructure development.
- ▪Ionic Digital filed a registration statement to list up to 10.8 million Class A shares on Nasdaq under the ticker IOND.
- ▪The firm is repurposing its 234‑megawatt Ward County site in Texas for AI and high‑performance computing workloads, leasing it to Nscale for nearly $2 billion in contracted revenue.
- ▪Bitcoin mining revenue fell 82% year over year to $7.4 million, while digital infrastructure leasing revenue reached $44 million in Q1 2026.
- ▪The direct listing will not raise new capital but will provide a public market for shareholders, including former Celsius creditors who received Ionic shares in the bankruptcy plan.
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Written by Ezra Reguerrastaff writerReviewed by Bryan O'Sheastaff editorWritten by Ezra Reguerrastaff writerReviewed by Bryan O'Sheastaff editorCelsius-linked Bitcoin miner Ionic Digital seeks Nasdaq direct listing amid AI pivotLatest NewsPublishedJun 30, 2026The Celsius-linked Bitcoin miner is seeking a Nasdaq direct listing as it repurposes mining infrastructure for AI and high-performance computing workloads.Bitcoin miner-turned-AI infrastructure company Ionic Digital has filed for a Nasdaq direct listing that could give former Celsius creditors a public market for shares they received through the bankrupt lender’s restructuring.Registered stockholders may sell up to 10.8 million Class A shares under the proposed IOND ticker, according to a registration statement filed with the US…
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