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

cointelegraphОпубліковано о 2026-07-29Востаннє оновлено о 2026-07-29

Анотація

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

Пов'язані питання

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.

Пов'язані матеріали

After the Fed's Interest Rate Decision and Comments from Kevin Walsh, Experts Gathered and Shared Their Latest Insights!

Following the Fed's decision to hold interest rates steady, experts highlight a potential shift towards more independent policymaking within the FOMC, as three members dissented. Market strategists note the slight decline in bond yields and a weaker dollar post-announcement, but caution that a rate hike in September remains possible. Experts like Mark Hackett point to the three dissenting votes as a sign of growing committee independence. While markets initially rallied in relief, the final direction hinges on Fed Chair Kevin Warsh's upcoming press conference. Analysts, including Audrey Childs-Freeman, interpret the dissent as the Fed maintaining a hawkish stance. They suggest the Fed will continue monitoring data, with a summer scenario of high bond yields supporting the dollar still in play. Chris Anstey emphasizes that markets will closely watch the 10-year Treasury yield during Warsh's conference. A continued rise could signal investor fears that the Fed is not acting aggressively enough on inflation, posing a challenge for the Chair. The long-term yield is also viewed as critical for mortgages and economic management. Diane Swonk of KPMG argues a September rate hike is likely, stating that an increase now would have been more appropriate given nearly five years of high inflation. She warns that prolonged high prices risk becoming embedded in the economic system. *This is not investment advice.

cryptonews.ru3 год тому

After the Fed's Interest Rate Decision and Comments from Kevin Walsh, Experts Gathered and Shared Their Latest Insights!

cryptonews.ru3 год тому

Торгівля

Спот
活动图片