Ionic Digital (Bitcoin miner, AI firm) values at $2.25B in Nasdaq debut

Ionic Digital, merging Bitcoin mining with AI infrastructure, went public at a $2.25B valuation but opened down 5.7% from Nasdaq's reference price. Web3 founders should note: the market is pricing in energy cost arbitrage and compute efficiency as core value drivers, not speculative upside—durable fundamentals now matter.

Source: ET Tech ↗