Bitcoin miner and AI infrastructure firm Ionic Digital filed on Monday to go public through a direct listing. The company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius ​Mining, a subsidiary of Celsius, which received U.S. bankruptcy court approval for a restructuring in November 2023. A direct listing allows a company to list its existing shares on an exchange without an ⁠underwritten offering. No new shares are created, and insiders can sell their holdings instantly. Ionic's registered ⁠stockholders plan to sell up to 10.8 million shares of common stock in the listing. As part ... (full story)