TechFlow News, June 30, according to Cointelegraph, Bitcoin mining company Ionic Digital has filed a direct listing application with Nasdaq, planning to use the stock ticker IOND. This listing does not involve new financing; the main purpose is to provide a public trading market for existing shareholders, especially former creditors who obtained shares through the Celsius restructuring.
The company stated that it is shifting from a single Bitcoin mining business to a broader digital infrastructure business, focusing on serving artificial intelligence and high-performance computing demands. Its 234 MW site located in Ward County, Texas has been leased to AI infrastructure provider Nscale, with a contract term of 126 months, corresponding contracted revenue approaching $2 billion; if subsequent expansion occurs, potential contract revenue could increase to approximately $2.6 billion.
Financially, Ionic Digital recorded $44 million in digital infrastructure leasing revenue in Q1 2026, while Bitcoin mining revenue decreased 82% year-on-year to $7.4 million. In addition, the company recently completed a $400 million private equity financing.
