Recent Updates — IOND
On September 10, 2026, Ionic Digital Inc. announced that the Electric Reliability Council of Texas (ERCOT) provisionally classified its remaining 466 megawatt energization request for the Ward County campus as Base Load in ERCOT’s Batch Zero process. This classification allows the company to proceed with energizing the final tranche, bringing the campus's total aggregate demand to 700 MW. The Company targets full energization by the end of 2027, though the status remains provisional pending ERCOT verification and oversight by the Public Utility Commission of Texas. Ionic Digital operates in the high-performance computing and data center infrastructure industry, providing ready-to-use assets for AI workloads.
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.