Ionic Digital Shares Surge 25% to $63 on Nasdaq Debut

IOND stock opens at $50, hits $63 implying $2.75B valuation. Firm holds 2,861 BTC from Celsius assets and pivots to AI leasing.

Woofun AI reports that Ionic Digital commenced trading on the Nasdaq via a direct listing under the ticker IOND. The stock opened at $50 against a reference price of $53, climbing over 25% to nearly $63, which suggests a market capitalization of approximately $2.75 billion.

Founded in January 2024, the firm acquired mining assets, infrastructure, $195 million in cash, and 540 BTC from Celsius Network's bankruptcy restructuring. Ionic Digital currently holds 2,861 BTC and is shifting power capacity toward long-term AI leasing agreements.