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Wu learned that Ionic Digital, an AI and high-performance computing infrastructure company established after the bankruptcy reorganization of Celsius Network, announced the completion of a $400 million private placement with a pre-money valuation of $2 billion. The round was led by Attestor, Oaktree Capital Management, and Sachem Head Capital Management, with participation from Citadel and Weiss Asset Management. The company stated that the funds will be used for digital infrastructure asset development and general corporate purposes.