Nasdaq-bound Ionic Digital Abandons Crypto Mining for AI

Celsius-linked Bitcoin miner Ionic Digital is seeking to list directly on the Nasdaq stock exchange, marking a significant shift in its business strategy.

The company's decision to pivot towards artificial intelligence (AI) technologies has led to this move, which aims to capitalize on the growing demand for AI-based solutions.

Ionic Digital has been linked to Celsius, a struggling cryptocurrency lender that filed for bankruptcy protection earlier this year.