Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listing
Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing.
The company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, a subsidiary of Celsius, which received U.S. bankruptcy court approval for a restructuring in November 2023.
A direct listing allows a company to list its existing shares on an exchange without an underwritten offering. No new shares are created, and insiders can sell their holdings instantly.
