Celsius-linked Bitcoin miner Ionic Digital gains 26% in Nasdaq debut

cointelegraphPubblicato 2026-07-29Pubblicato ultima volta 2026-07-29

Introduzione

Ionic Digital, a Bitcoin miner and AI infrastructure company linked to the bankrupt crypto lender Celsius, saw its shares surge approximately 26% in its Nasdaq direct listing debut on Tuesday. The stock opened at $50 and closed at $62.90, giving the company an initial market capitalization of around $2.8 billion. Formed in 2024 to acquire Celsius Mining's assets, Ionic has since expanded into AI and high-performance computing. Renaissance Capital noted its $2.4 billion implied value at the reference price made it the largest U.S. direct listing since 2021. The stock later retreated 6.5% to $58.80 in after-hours trading.

Ionic Digital shares climbed about 26% from their opening price in their Nasdaq debut Tuesday after the Celsius-linked Bitcoin miner and AI infrastructure company completed its direct listing.

The shares opened at $50 and closed at $62.90, giving Ionic a market capitalization of about $2.8 billion based on approximately 44.9 million shares outstanding, according to its registration statement filed with the US Securities and Exchange Commission.

Ionic was formed in 2024 to acquire Celsius Mining’s assets through the bankrupt crypto lender’s restructuring and has since expanded into AI and high-performance computing infrastructure.

IPO research firm Renaissance Capital said Ionic’s $2.4 billion implied market value at Nasdaq’s $53 reference price made it the largest US direct listing since 2021.

The stock pared some of its gains after the closing bell, falling 6.5% to $58.80 in after-hours trading, according to Yahoo Finance.

Related: Celsius-linked Bitcoin miner Ionic Digital seeks Nasdaq direct listing amid AI pivot

Domande pertinenti

QWhat was Ionic Digital's stock performance on its Nasdaq debut?

AIonic Digital shares climbed about 26% from their opening price in their Nasdaq debut.

QWhat was the closing price and market capitalization of Ionic Digital on its first trading day?

AThe shares closed at $62.90, giving Ionic a market capitalization of about $2.8 billion based on approximately 44.9 million shares outstanding.

QHow was Ionic Digital formed, and what is its business focus beyond Bitcoin mining?

AIonic was formed in 2024 to acquire Celsius Mining’s assets through the bankrupt crypto lender’s restructuring and has since expanded into AI and high-performance computing infrastructure.

QAccording to Renaissance Capital, what is significant about Ionic Digital's direct listing?

AIPO research firm Renaissance Capital said Ionic’s $2.4 billion implied market value at Nasdaq’s $53 reference price made it the largest US direct listing since 2021.

QWhat happened to Ionic Digital's stock price in after-hours trading?

AThe stock fell 6.5% to $58.80 in after-hours trading.

Letture associate

Observation of Data on the Top Six Cryptocurrency Protocols: Revenue Continues to Grow, So Why Aren't Token Prices Rising?

Despite generating impressive revenue, many top cryptocurrency protocols struggle to translate this success into token price appreciation. This analysis of six major protocols (Aave, Aerodrome, Hyperliquid, Pump, Sky, Uniswap) examines the disconnect, focusing on revenue generation, distribution, and tokenomics. While these protocols collectively earned over $726 million in the first half of 2026, token performance largely lagged due to factors like imbalanced token emissions, unclear value capture mechanisms, and equity-token separations that disadvantage holders. Key findings reveal that not all revenue is equal for token holders. Protocols differ significantly in how they allocate income. Hyperliquid, for instance, directs 100% of its revenue to holders via buybacks and burns, correlating with strong token performance. Others, like Aerodrome, Sky, and Uniswap, showed negative net token flows when accounting for high token emissions used for incentives, offsetting holder benefits. The article highlights two primary value capture methods: buybacks/burns and direct fee distribution (e.g., ve-tokenomics models). The analysis concludes that high revenue alone doesn't guarantee token growth. Investors must scrutinize a protocol's sustainable revenue sources, how that value is shared with token holders, and the associated token release schedules and supply pressures. The future points towards greater alignment between protocol success and tokenholder rewards, but only for projects that seriously address all three pillars: revenue, distribution, and emissions.

marsbit6 min fa

Observation of Data on the Top Six Cryptocurrency Protocols: Revenue Continues to Grow, So Why Aren't Token Prices Rising?

marsbit6 min fa

September 1st, A Major Chip Price Hike

On July 29, 2026 (US time), Qualcomm reported its Q3 FY2026 (Q2 CY) results. Revenue reached $9.95 billion, up 4% and beating estimates, but net profit fell 25% YoY to $2 billion. The "revenue up, profit down" trend is attributed to rising costs across semiconductor manufacturing, testing, packaging, and materials. In response, CEO Cristiano Amon announced price increases for all chip products, effective September 1, to pass on costs and restore historical profit margins. The stock fell over 5% in after-hours trading due to weaker-than-expected Q4 profit guidance. Qualcomm's core chip business (QCT) revenue was $8.5 billion, down 5% YoY. Handset revenue dropped 20% to $5.09 billion, reflecting a weak global smartphone market with declining shipments. In contrast, Automotive revenue surged 61% to $1.59 billion, marking 23 consecutive quarters of double-digit growth, and IoT revenue grew 9% to $1.83 billion. The licensing division (QTL) revenue was $1.28 billion, down 3%. Facing smartphone headwinds and a reduced component share in future iPhones, Qualcomm is aggressively diversifying. It is betting heavily on the data center AI market, maintaining a target of $5 billion in data center revenue for FY2027. The company completed the acquisition of AI software firm Modular to build an open software platform for generative AI. For Q4 FY2026, Qualcomm forecasts revenue between $9.7B and $10.5B, roughly in line with expectations. However, non-GAAP EPS guidance of $2.05-$2.25 fell short of the $2.36 analyst consensus. Management expects the chip price increases to gradually improve margins after September 1, but near-term profitability pressure from costs and the weak handset market persists.

marsbit7 min fa

marsbit7 min fa

Prediction Markets Surpassed Cryptocurrencies: Robinhood Earned $1.31 Billion in Q2

Robinhood posted record Q2 2026 revenue of $1.31 billion and net income of $573 million. Notably, nearly 23% of the profit came from one-time items, primarily the deconsolidation of a ventures fund. A key shift was the explosive growth of its prediction markets business, with event contract revenue surging over 10x year-over-year to $156 million, surpassing revenue from stocks ($129M) and cryptocurrencies ($100M). Cryptocurrency revenue declined 38% organically, but the company is aggressively expanding its crypto infrastructure through acquisitions, launching its own blockchain (Robinhood Chain), and offering new products like tokenized stocks and perpetual futures. Overall transaction revenue grew 44% to $776 million, with options remaining the largest single component at $342 million.

cryptonews.ru30 min fa

Prediction Markets Surpassed Cryptocurrencies: Robinhood Earned $1.31 Billion in Q2

cryptonews.ru30 min fa

Dash Launches ZK-Privacy Based on Zcash

Dash has launched ZK-based privacy features built on Zcash's Orchard protocol. This is now integrated directly into the Dash Platform's consensus (v4.0.0), providing a native, non-custodial privacy model alongside the existing CoinJoin system. It offers optional confidentiality, hiding sender, receiver, amount, and balance within a shielded pool. The implementation adapts Zcash's Orchard protocol (using Halo 2 without a trusted setup) to Dash Platform, handling state transitions, GroveDB storage, fees, and wallet sync. A critical double-spend vulnerability discovered in Orchard prior to release was patched using updated libraries, with Dash adding a SumTree structure for extra security. Users can privately transfer Platform Credits (pegged 1:100 billion to DASH) and move funds to/from the main Dash Core chain. Wallet synchronization, which is required to detect incoming private transactions, took about 21 seconds in testing, noted as significantly faster than a comparable Zcash wallet. Future plans include extending shielded pools to native Platform tokens and NFTs, aiming to combine ZK-privacy with token issuance and direct exchangeability with Dash. Mobile wallet support for the new feature is expected soon.

cryptonews.ru31 min fa

cryptonews.ru31 min fa

Well-known Investor Targets Nvidia: AI Boom Overly Reliant on It

Renowned investors Mark Cuban and Michael Burry have issued warnings about Nvidia's central role in the AI ecosystem, drawing parallels to the dot-com bubble. Cuban expressed concerns that Nvidia, by financing its clients' purchases of its GPUs for data centers, has positioned itself as a critical but vulnerable linchpin in the AI boom. He warned that a breakthrough from a competitor or a single misstep could trigger a widespread collapse. Similarly, Michael Burry pointed to the parabolic rise in the cost of insuring Nvidia's debt (CDS) as a sign of market fears over the company's overextension. He suggested Nvidia has pushed cyclical spending to an epic scale through numerous financing deals, creating significant risk. Both investors cautioned that overinvestment in AI infrastructure and potential oversupply could lead to a painful downturn, with Burry also revealing he has increased his short position and holds put options against Nvidia.

marsbit33 min fa

Well-known Investor Targets Nvidia: AI Boom Overly Reliant on It

marsbit33 min fa

Trading

Spot