Celsius spinout Ionic Digital raises $400M, files Nasdaq direct listing as AI revenue overtakes mining
The Celsius-bankruptcy-born miner closed a $400 million private placement at a $2 billion pre-money valuation ahead of a Nasdaq direct listing. Q1 revenue hit $51.4 million, with $44 million from AI/HPC leasing under a $1.95 billion Nscale contract versus $7.4 million from mining.
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