Bitcoin Miner Ionic Climbs 25% On Nasdaq Debut, Joining Hut 8’s AI Shift

Ionic Digital Inc. (NASDAQ: IOND) climbed more than 25% from its $50 opening price to nearly $63 in its Nasdaq debut Tuesday, July 28. The move gave the Bitcoin miner an implied valuation of roughly $2.75 billion.

Ionic went public through a direct listing rather than a traditional initial public offering (IPO). Existing shareholders sold their shares directly, and the company raised no new capital.

From Celsius Bankruptcy to Nasdaq Ionic Digital emerged in January 2024 from Celsius Network’s bankruptcy. It took over most of Celsius Mining’s bitcoin (BTC) mining equipment, plus about $195 million in cash and 540 BTC.

Today, Ionic Digital announced the completion of the direct listing of our Class A common stock on the Nasdaq Global Select Market under the ticker symbol $IONDLearn more in the press release below:https://t.co/WL7Ph43xii— Ionic Digital (@IonicDigital) July 28, 2026 Hut 8 (NASDAQ: HUT) initially managed those mining sites under a four-year deal signed in February 2024.