Ionic Digital files for Nasdaq direct listing at $2 billion valuation after Celsius bankruptcy acquisition

Summary

Ionic Digital, a Bitcoin mining company formed from the bankruptcy of Celsius Network, has filed for a Nasdaq direct listing under ticker IOND. The company recently closed a $400 million funding round at a $2 billion pre-money valuation. The article frames Celsius Network's collapse as either a cautionary tale or a land grab opportunity, with Ionic Digital representing the latter — acquiring Celsius Mining's assets out of bankruptcy court in January 2024.

Source

bskyIonic Digital files for Nasdaq direct listing at $2 billion valuation after Celsius bankruptcy acquisitionstartupfortune.com