Bitcoin mining company Ionic Digital has submitted a draft registration statement to the US SEC, planning to conduct its initial IPO in the United States.

Jinse Finance reported that Bitcoin mining company Ionic Digital has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC), planning to conduct an initial public offering (IPO) in the United States. The company stated that the timing and terms of the IPO have not yet been determined and will depend on the SEC's review process as well as market conditions. About a year ago, in October 2024, the company restarted its IPO plans by restructuring its board of directors and changing its auditing firm. Ionic Digital was established in early 2024, after Celsius Mining LLC reorganized and renamed its mining assets during bankruptcy proceedings. Last month, Ionic Digital released its first full-year financial results: in the 11 months ending December 31, 2024, the company's Bitcoin mining business generated $138.4 million in revenue and $40.1 million in net profit; adjusted EBITDA reached $85 million; by year-end, the company's cash and Bitcoin holdings totaled $271.8 million, including 2,393 Bitcoins.