Bitcoin mining company Ionic Digital has filed an application with the U.S. Securities and Exchange Commission for a Nasdaq direct listing under the ticker IOND. According to Odaily, the listing will not raise new funds and is intended to create a public trading market for existing shareholders, including former Celsius creditors who received Ionic shares through a bankruptcy plan.
Ionic was founded in 2024 and acquired mining assets through the restructuring of the bankrupt crypto lending platform Celsius. The company said it has been shifting since 2025 from pure Bitcoin mining to operating as a digital infrastructure company serving AI and high-performance computing workloads.