Bitcoin mining company Ionic Digital (IOND.US) filed to Nasdaq for direct listing.

Ionic Digital, a bitcoin mining company created from the asset restructuring of Celsius Mining, filed an application on Monday to register its stock with the U.S. Securities and Exchange Commission (SEC) for a direct listing on Nasdaq. The common stock shares to be listed will be sold by existing shareholders; Ionic Digital will not be raising new funds during the listing process. The company did not disclose its expected listing time. These registered shareholders will sell up to 10.8 million shares of common stock. In June 2026, a group of institutional investors purchased Series A convertible preferred stock at a price of $53.00 per share. Based on this price, Ionic Digital's market value will reach $2 billion. Ionic Digital is a digital infrastructure company focused on the development and monetization of electricity data center assets. The company owns and operates a landmark 234 megawatt (MW) facility in Ward County, Texas, and leases it to global hyperscale data center operator Nscale under a 126-month triple net lease agreement. Additionally, Ionic Digital also maintains residual bitcoin mining operations at smaller sites in Reagan County and Glasscock County, Texas, and holds bitcoin treasury reserves that it plans to use to support its broader development strategy. The company emerged from the bankruptcy restructuring of Celsius Mining in January 2024. This Washington, D.C.-based company was founded in 2024 and achieved $152 million in revenue in the 12 months ending March 31, 2026. The company plans to list on Nasdaq under the ticker symbol IOND. Since it is a direct listing without underwriters, there will be no underwriters for the transaction; JPMorgan will serve as a financial advisor.