Bitcoin mining firm Ionic Digital has received approval from the U.S. Securities and Exchange Commission (SEC) for its S-1 registration statement, paving the way for its listing on the Nasdaq Global Select Market. The company's Class A common stock is set to commence trading on July 28 under the ticker symbol "IOND". This direct listing will not involve the sale of new shares, and Ionic Digital will not receive proceeds from shareholder sales. The company specializes in digital infrastructure, providing data center solutions for AI and high-performance computing.