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Bitcoin miner Ionic Digital has filed a draft registration statement with the SEC, planning its first IPO in the United States

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2025-10-30 03:05:13
Bitcoin miner Ionic Digital has confidentially filed a draft registration statement with the Securities Exchange Commission (SEC) for an initial public offering (IPO) in the United States.
The timing and terms of the initial public offering have not yet been determined and will depend on the SEC's review process and market conditions, the company said. The filing is the latest move by Ionic Digital to press ahead with its plans to go public, which it revived in October 2024, about a year after restructuring its board and changing its auditor. Ionic Digital was formed in early 2024 after Celsius Mining LLC reorganized its mining assets and renamed them in bankruptcy proceedings. Since its formation, the company has worked to rebuild investor confidence, increase financial transparency and prepare for a listing.
Last month, Ionic Digital announced its first full-year financial results: for the 11 months ended December 31, 2024, the company's bitcoin mining revenue reached $138.40 million and net profit was $40.10 million; adjusted earnings before interest, tax, depreciation and amortization (Adjusted EBITDA) reached $85 million; at the end of the year, the company's cash and bitcoin holdings totaled $271.80 million, of which 2393 were bitcoins.
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