Ionic Digital, a bitcoin miner formed from the assets of Celsius Mining, filed on Monday to register its shares with the SEC and complete a direct listing on the Nasdaq. The shares of common stock listed will be sold by existing shareholders; Ionic Digital will not raise new capital in its listing. The company did not disclose the anticipated timing of its listing.
The Registered Stockholders plan to 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 $53.00 per share. At that price, Ionic Digital would command a market value of $2.0 billion.
Ionic Digital is a digital infrastructure company focused on the development and monetization of powered data center assets. The company owns and operates a flagship 234 MW facility in Ward County, Texas, which it leases to Nscale, a global hyperscaler, under a 126-month triple-net agreement. Ionic Digital also maintains residual bitcoin mining operations at smaller sites in Reagan and Glasscock Counties, Texas, and holds a bitcoin treasury that it intends to deploy in support of its broader growth strategy. The company emerged from the bankruptcy of Celsius Mining in January 2024.
The Washington, DC-based company was founded in 2024 and booked $152 million in revenue for the 12 months ended March 31, 2026. It plans to list on the Nasdaq under the symbol IOND. As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, J.P. Morgan will serve as financial advisor.
