Ionic Digital, a hybrid Bitcoin mining and artificial intelligence infrastructure firm, has filed to go public via a direct listing on the Nasdaq.
The filing marks the company’s first step toward public market access, positioning it alongside a growing cohort of tech and crypto-adjacent businesses seeking liquidity through direct listings rather than traditional initial public offerings.
The company was established in January 2024 specifically to acquire the cryptocurrency mining assets of Celsius Mining, which had previously filed for bankruptcy.
By bundling these mining operations with AI infrastructure capabilities, Ionic Digital aims to capitalize on the dual demand for computational power in both blockchain validation and machine learning workloads.
This move comes as the public markets see increased activity from AI-related entities.
Recent filings by major AI players, including confidential IPO submissions by OpenAI, have heightened investor interest in companies with scalable compute infrastructure.