Bitcoin mining firm Ionic Digital has successfully completed a $400 million private placement financing. The company reported first-quarter revenue of $51.4 million, with its digital infrastructure leasing business, including AI and high-performance computing (HPC), contributing $44 million. This marks the first time revenue from this segment has surpassed that of its Bitcoin mining operations. Ionic Digital has also applied for a listing on the Nasdaq, signaling its growth ambitions in the digital infrastructure sector.
Ionic Digital Secures $400 Million Funding, Seeks Nasdaq Listing
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