Celsius changes its branding under a new alias to keep making money, the AI + HPC narrative is fully maxed out, and $400 million has arrived—this valuation is rising faster than the coin.

CoinWorld news, Wu Says, Ionic Digital, an AI and high-performance computing infrastructure company established after the bankruptcy restructuring of Celsius Network, announced the completion of a $400 million private placement, with a pre-funding 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.