Ionic Digital Class A (IOND)
Leases a powered West Texas site for AI infrastructure while operating bitcoin mining facilities.
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Leases a powered West Texas data-center site to Nscale while mining bitcoin at four smaller sites and marketing them for HPC/AI development. Revenue is shifting from bitcoin-pool payouts toward a single-tenant digital-infrastructure lease tied to power availability and approvals.
Monetizes powered land and electrical interconnections through Digital Infrastructure Solutions and Cryptocurrency Mining. The Digital Infrastructure Solutions segment leases the Ward County/Cedarvale site in West Texas to Nscale for conversion into a hyperscale AI data center, while mining operations at four other West Texas sites supply computing power to Foundry USA's bitcoin pool.
Retains ownership of powered sites, leases capacity under a triple-net arrangement, and continues mining while marketing the Midland portfolio for HPC/AI development. Lease revenue is concentrated in Nscale, and expansion depends on power availability, grid and regulatory approvals. Mining economics depend on bitcoin value, network difficulty, pool operations, energy prices, and reliable electrical loads.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $415.7M · Total debt $138.0K · Total assets $922.5M · Shareholders' equity $510.6M
- Revenue
- $48.6M
- Operating income
- $21.0M
- Net income
- −$35.3M
No dividends on record.
No ownership filings on record for this listing.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ionic Digital Class A | $85.30 | −0.69% | $3.21B | — | 41.0 | — | — |
| TeraWulf | $17.69 | +1.38% | $8.65B | — | — | 52.3 | −6.0% |
| Applied Digital | $28.67 | +1.70% | $8.12B | — | — | 14.1 | +580.7% |
| Cipher Digital | $19.60 | +3.71% | $7.73B | — | — | 40.5 | −43.0% |
| Core Scientific | $18.65 | +1.59% | $5.90B | — | 811.2 | 13.4 | +108.8% |
| Hut 8 | $109.62 | +5.99% | $11.64B | — | — | — | +81.4% |
| IREN | $48.75 | +3.22% | $16.85B | — | — | 23.8 | −26.8% |
| Median | — | 811.2 | 23.8 | +37.7% |