Bitcoin mining company Ionic Digital has submitted a direct listing application to the U.S. SEC for Nasdaq

According to Cointelegraph, Bitcoin mining company Ionic Digital has submitted a direct listing application to the U.S. Securities and Exchange Commission (SEC) for a Nasdaq listing, with the stock ticker IOND. This listing does not raise new funds but aims to establish a public trading market for existing shareholders, including former Celsius creditors who obtained Ionic shares through the bankruptcy plan.

Ionic was established in 2024, acquiring its mining assets through the restructuring of the bankrupt crypto lending platform Celsius. Starting in 2025, Ionic will transition from pure Bitcoin mining to becoming a digital infrastructure company serving AI and high-performance computing workloads.