Bitcoin Miner and AI Firm Ionic Digital Valued at $2.25 Billion in Nasdaq Debut
Crypto-linked shares gained as investors questioned AI infrastructure valuations and financing needs, while Bitmine Immersion jumped 11% after adding nearly 10,000 ether.
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Bitcoin miner Ionic Digital valued at $2.25 billion after shares fall in Nasdaq debut
July 28 (Reuters) - Bitcoin miner and AI firm Ionic Digital was valued at $2.25 billion after its shares fell 5.7% in their Nasdaq debut on Tuesday. (Reporting by Pragyan Kalita in Bengaluru; Editing by Vijay Kishore)...
Bitcoin miner and AI firm Ionic Digital valued at $2.25 billion in Nasdaq debut
July 28 : Ionic Digital, a bitcoin miner and AI infrastructure provider, secured a valuation of about $2.25 billion after its shares fell in the Nasdaq debut on Tuesday.Shares of the company, which went public through direct listing, opened at $50 apiece, down nearly 5.7 per cent from a reference price of $53
Crypto Stocks Are Rallying as Investors Rotate Out of AI Infrastructure. But Bitcoin Miners Are Being Left Behind
Crypto-related stocks outperformed the broader market on Monday as investors shifted money away from artificial intelligence infrastructure companies and into digital asset firms.
Cryptocurrencies are showing weakness amid the decline in US tech stocks. According to CoinMarketCap, a global cryptocurrency market data site, as of 8:18 AM on the 28th, Bitcoin is trading at $63,785, down 2.40% from 24 hours ago. During the same period, Ethereum is trading at $1,889, up 3.48%, while XRP (Ripple) is trading at $1.06, down 4.20%. On this day, the tech-heavy Nasdaq
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