Ionic Digital Surges 26% on Nasdaq Debut With $2.8B Valuation

Ionic Digital hit the public stock market with a bang. The Bitcoin miner soared 26% from its opening price on Nasdaq, closing its first day of trading at $62.90 per share.

The strong debut pushes the company's total market valuation close to $2.8 billion. It is a major milestone for the firm, which was created during the bankruptcy restructuring of former crypto lender Celsius Network.

Institutional interest in Bitcoin mining infrastructure remains strong as companies expand their operations. Investors will be watching closely to see how Ionic Digital performs in the coming weeks alongside the broader crypto market.