Ionic Digital secures SEC approval for Nasdaq listing

• Ionic Digital has received US Securities and Exchange Commission approval for its planned Nasdaq listing.
• The Bitcoin (CRYPTO:BTC) mining company emerged from the Celsius Network bankruptcy process.
• The approval marks a major step towards becoming a publicly traded company.

Ionic Digital has received approval from the US Securities and Exchange Commission (SEC) to proceed with its planned listing on the Nasdaq stock exchange.

The Bitcoin (CRYPTO:BTC) mining company was created as part of the restructuring of Celsius Network following its bankruptcy proceedings.

The SEC approval allows Ionic Digital to move closer to becoming a publicly traded company, although the listing remains subject to Nasdaq requirements.

Ionic Digital operates Bitcoin mining facilities and was established to maximise value for creditors affected by the collapse of Celsius.

The company has been working to expand its mining operations while preparing for a public market debut.

The planned Nasdaq listing is expected to provide broader access to capital markets and increase the company's visibility among investors.

The approval represents another milestone in the post-bankruptcy restructuring of Celsius assets as Ionic Digital continues its transition into an independent public company.

At the time of reporting, Bitcoin price was $66,383.34.