Ionic Digital
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The CFO said the company is well positioned with the Nscale lease and a balance sheet funding development of existing sites. Ionic Digital has about $630 million of liquidity and no debt, and sold about 25% of its bitcoin for approximately $62 million after quarter-end.
Ionic DigitalMicrosoftNscaleNvidia
Source: Ionic Digital Inc. 8-K, filed Nov 4, 2026
Revenue rose 32% year-over-year, driven by a mix shift from cryptocurrency mining to digital infrastructure leasing. Digital infrastructure leasing revenue was $44 million, or $7 million on a cash basis, with cash rent ramping through February 2028.
Ionic Digital
Source: Ionic Digital Inc. 8-K, filed Nov 4, 2026
The classification is for the Ward County site; ERCOT reserves it for projects not considered new because they have already achieved initial energization. ERCOT completes final classification in December, and the company expects energization in late 2027.
ERCOTIonic Digital
Source: Ionic Digital Inc. 8-K, filed Nov 4, 2026