Earnings ·
Ionic Digital Inc. reported financial results for the second quarter ended June 30, 2026, posting total revenue of…
IONDIonic Digital Inc.
Ionic Digital Inc. reported financial results for the second quarter ended June 30, 2026, posting total revenue of $48.6 million, a 31% year-over-year increase driven by digital infrastructure leasing which now comprises 90% of revenue. The company recorded a net loss of $35.3 million and Adjusted EBITDA of $37.6 million. Cash balances rose to $415.7 million with no outstanding borrowings, while the company holds 2,882 bitcoin valued at $168.7 million. Ionic Digital reaffirmed its full-year 2026 outlook, targeting total revenue between $190 million and $195 million and Adjusted EBITDA of $137.5 million to $142.5 million. The company is expanding its Ward County campus capacity from 234 MW to 700 MW by the end of 2027, subject to regulatory approval. Ionic Digital Inc. operates in the high-performance computing and data center infrastructure industry.