Celsius-Linked Ionic Digital Jumps 26% in Nasdaq Debut

Ionic Digital climbed 26% from its opening price in its Nasdaq debut, closing with a market capitalization of about $2.8 billion after its direct listing.

Celsius-Linked Ionic Digital Jumps 26% in Nasdaq Debut

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Written by

Ezra Reguerra

staff writer

Reviewed by

Yohan Yun

staff editor

Written by

Ezra Reguerra

staff writer

Reviewed by

Yohan Yun

staff editor

Celsius-linked Bitcoin miner Ionic Digital gains 26% in Nasdaq debut

Markets

Published

Jul 29, 2026

The Bitcoin miner and AI infrastructure company closed at $62.90, giving it a market capitalization of about $2.8 billion after its direct listing.

Ionic Digital shares climbed about 26% from their opening price in their Nasdaq debut Tuesday after the Celsius-linked Bitcoin miner and AI infrastructure company completed its direct listing.

The shares opened at $50 and closed at $62.90, giving Ionic a market capitalization of about $2.8 billion based on approximately 44.9 million shares outstanding, according to its registration statement

filed

with the US Securities and Exchange Commission.

Ionic was formed in 2024 to acquire Celsius Mining’s assets through the bankrupt crypto lender’s restructuring and has since expanded into AI and high-performance computing infrastructure.

IPO research firm Renaissance Capital

said

Ionic’s $2.4 billion implied market value at Nasdaq’s $53 reference price made it the largest US direct listing since 2021.

The stock pared some of its gains after the closing bell, falling 6.5% to $58.80 in after-hours trading, according to

Yahoo Finance

.

Related:

Celsius-linked Bitcoin miner Ionic Digital seeks Nasdaq direct listing amid AI pivot

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