Activist investor Sachem Head Capital Management disclosed a 6.9% beneficial ownership stake in Ionic Digital (NASDAQ: this week, giving the activist investor exposure to the bitcoin miner's shift toward AI/HPC infrastructure.
The position covers 3,169,808 Class A shares. Sachem Head funds directly hold 2,264,150 shares, while warrants account for another 905,658 shares.
Ionic Digital recently listed on the Nasdaq Exchange on July 28 under the ticker IOND, following an emergence from the Celsius Network bankruptcy. The Bitcoin miner turned data center builder received mining **** ets, $195 million in cash and 540 bitcoin in exchange for issuing 37 million shares to former Celsius creditors.
Stay ahead of AI infrastructure deals. Get Blockspace in your inbox.
Sachem Head acquired the securities through Ionic's $400 million private placement, announced June 26 at a $2 billion pre-money valuation. Sachem Head joined Attestor, Oaktree Capital Management, Citadel and Weiss **** et Management in the financing.
#sachem #Bitcoin #million #digital
The position covers 3,169,808 Class A shares. Sachem Head funds directly hold 2,264,150 shares, while warrants account for another 905,658 shares.
Ionic Digital recently listed on the Nasdaq Exchange on July 28 under the ticker IOND, following an emergence from the Celsius Network bankruptcy. The Bitcoin miner turned data center builder received mining **** ets, $195 million in cash and 540 bitcoin in exchange for issuing 37 million shares to former Celsius creditors.
Stay ahead of AI infrastructure deals. Get Blockspace in your inbox.
Sachem Head acquired the securities through Ionic's $400 million private placement, announced June 26 at a $2 billion pre-money valuation. Sachem Head joined Attestor, Oaktree Capital Management, Citadel and Weiss **** et Management in the financing.
#sachem #Bitcoin #million #digital
10 hours ago
