Ionic Digital Soars 26% in Nasdaq Launch, Valued at $2.75B
WHO:
Cointelegraph - Ionic Digital, a Bitcoin miner and AI infrastructure company, was formed from Celsius Mining's assets.
Techmeme - Ionic Digital took direct control of its sites from Hut 8.
WHAT:
99 Bitcoins - Bitcoin climbed +1% overnight, reclaiming $64,000 ahead of the FOMC meeting, where a rate hike is rumored to be on the table.
99 Bitcoins - Liquidations in the crypto market have slowed to just over $420 million, down from $605 million the day before.
Cointelegraph - Ionic Digital's market capitalization was reported to be about $2.8 billion after its direct listing.
Techmeme - Ionic Digital's implied valuation was noted to be approximately $2.75 billion following its debut.
99 Bitcoins - Ionic Digital shares jumped 25% on their Nasdaq debut, closing at nearly $63.
Cointelegraph - Ionic Digital closed at $62.90 in its Nasdaq debut.
Techmeme - Ionic Digital surged more than 25% to nearly $63 in its Nasdaq debut, giving it an implied valuation of approximately $2.75 billion.
WHERE:
Cointelegraph - Nasdaq (the stock exchange where Ionic Digital debuted).
WHEN:
Cointelegraph - The event refers to Ionic Digital's direct listing on Nasdaq.
HOW:
Techmeme - Ionic Digital's valuation was derived from its market performance during its debut.
(UPDATED July 29, 2026 17:24 UTC)
Bitcoin has climbed one percent overnight, reclaiming the $64,000 mark ahead of the upcoming FOMC meeting, where a rate hike is rumored to be discussed. In related news, liquidations in the crypto market have slowed significantly, dropping to just over $420 million, down from $605 million the previous day. This shift indicates a potential stabilization in the volatile crypto landscape as investors await further news.
--
(UPDATED July 29, 2026 08:54 UTC)
Ionic Digital made a splash on the Nasdaq with its shares soaring 25% during its debut, closing at nearly $63. Following this impressive start, the company's market capitalization was reported to be about $2.8 billion, while its implied valuation was noted to be approximately $2.75 billion. This successful direct listing marks a significant milestone for Ionic Digital in the financial markets.
--
(UPDATED July 29, 2026 04:05 UTC)
Ionic Digital, a Bitcoin miner and AI infrastructure company formed from Celsius Mining's assets, has taken direct control of its sites from Hut 8. The company made a strong entrance on Nasdaq, closing at $62.90 and surging more than 25% to nearly $63, which gives it an impressive implied valuation of approximately $2.75 billion. This debut highlights the growing intersection of cryptocurrency and technology in the financial markets.