AI TRENDS | Ionic Digital Seeks Direct Nasdaq Listing After Pivot to AI and HPC Infrastructure

Ionic Digital has shifted its business from crypto mining to artificial intelligence and high-performance computing (HPC) infrastructure and has applied for a direct listing on Nasdaq. According to NS3.AI, the company reported $44 million in digital infrastructure leasing revenue in the first quarter. The company also disclosed that its mining revenue declined 82% year-over-year to $7.4 million.