Bitcoin miner and AI infrastructure company Ionic Digital surged more than 25% to nearly $63 in its Nasdaq debut, giving it an implied valuation of ~$2.75B (Kyle Baird/The Block)

Techmeme ·

Ionic Digital’s Nasdaq debut valued the bitcoin miner and AI infrastructure company near $2.75 billion.

Categories: Money & Moves

Excerpt

<a href="https://www.theblock.co/post/409945/ionic-digital-jumps-22-nasdaq-debut-celsius-bitcoin-mining-assets-ai-infrastructure"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260728/i44.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260728/p44#a260728p44" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Kyle Baird / <a href="https://www.theblock.co/">The Block</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.theblock.co/post/409945/ionic-digital-jumps-22-nasdaq-debut-celsius-bitcoin-mining-assets-ai-infrastructure">Bitcoin miner and AI infrastructure company Ionic Digital surged more than 25% to nearly $63 in its Nasdaq debut, giving it an implied valuation of ~$2.75B</a></b></span>&nbsp; &mdash;&nbsp; Quick Take&nbsp; &mdash; Ionic Digital was formed from Celsius Mining's assets and later took direct control of its sites from Hut 8.</p>