Bitcoin miner and AI infrastructure firm Ionic Digital surged more than 25% to nearly $63 in its Nasdaq debut on Tuesday, giving the company an implied valuation of roughly $2.75 billion.
Ionic went public via a direct listing under the ticker IOND, opening at $50 on Tuesday against a $53 reference price.
Ionic Digital (IOND) stock price chart.
Source: Google Finance The company traces its roots to the 2022 collapse of crypto lender Celsius Network.
Ionic was formed in January 2024 to acquire mostly all of Celsius Mining's assets during the firm's bankruptcy restructuring proceedings.
