Crypto

Ionic Digital, formed from Celsius Mining's 2024 bankruptcy restructuring, filed Monday for a Nasdaq direct listing under ticker IOND days after closing a $400 million raise that values the company at $2 billion. The company owns a 234-megawatt data center campus in Ward County, Texas, leased long-term to hyperscaler Nscale for $1.95 billion in contracted revenues, representing a full pivot from Bitcoin mining to AI infrastructure.