Ionic Digital debuts on Nasdaq at $50, valued $2.25B
Business
Ionic Digital, known for both Bitcoin mining and AI infrastructure, just made its Nasdaq debut on July 28, 2026.
Shares opened at $50, nearly 5.7% below the expected price, giving the company a $2.25 billion valuation (a slight dip from its earlier $2.4 billion).
Ionic Digital lands $2B nScale lease
The company actually started in 2024 by picking up assets from Celsius Mining after bankruptcy, but quickly shifted gears in 2025 to focus more on AI and computing infrastructure.
That move paid off with a huge $2 billion lease deal with AI cloud provider Nscale.
Instead of a traditional IPO, Ionic chose a direct listing (like Spotify did), letting current shareholders sell shares without raising new money.
Analysts say this sets them apart from Smartbird and Rocket One.