Celsius Linked Miner Ionic Digital Soars 26% on Nasdaq Debut

Ionic Digital made a splash on Wall Street as its stock jumped 26% during its Nasdaq debut. The company, which focuses on Bitcoin mining and artificial intelligence infrastructure, went public through a direct listing that drew immediate interest from traders.

Shares closed at $62.90 by the end of the trading day, pushing the firm's total market value to roughly $2.8 billion. Ionic Digital carries strong ties to the former crypto lender Celsius, as its creation was part of the plan to make creditors whole following Celsius's bankruptcy proceedings.

Combining crypto mining with AI data infrastructure has become a popular strategy for public miners seeking stable revenue streams. Investors will now watch how effectively Ionic expands its operations and manages power costs in the competitive mining sector.