Ionic Digital submits Nasdaq direct listing application to the US Securities and Exchange Commission

According to Cointelegraph, Bitcoin mining company Ionic Digital has submitted a direct listing application on NASDAQ to the US Securities and Exchange Commission (SEC), with the stock code IOND. This listing does not raise new funds and aims to establish a public trading market for existing shareholders (including former Celsius creditors who acquired Ionic shares through bankruptcy plans). Ionic was founded in 2024 and acquired mining assets through the restructuring of the bankrupt cryptocurrency lending platform Celsius. Ionic will transform from pure Bitcoin mining to a digital infrastructure company serving AI and high-performance computing workloads starting from 2025.