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Ionic Digital Raises $400M and Seeks Nasdaq Direct Listing

2026-07-04 10:44:49

Abstract generation in progress

Ionic Digital completed a $400 million private placement and applied for a Nasdaq direct listing under ticker IOND. Its AI and HPC leasing business generated $44 million in first-quarter revenue, topping $7.4 million from Bitcoin mining. Ionic Digital said a long-term Nscale lease corresponds to about $1.95 billion in contract revenue.

BTC0.90%

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