Ionic Digital Announces Third Quarter 2026 Results
Ionic Digital reported Q3 2026 revenue of $49 million, up 32% year-over-year, with roughly 90% now from digital infrastructure leasing as the pivot away from bitcoin mining takes hold. Adjusted EBITDA rose to $35 million from under $1 million a year ago, and net income was $17 million, though it includes a $73 million non-cash crypto gain offset by a $66 million warrant fair-value charge. The company reaffirmed FY26 guidance of $190M-$195M revenue and $137.5M-$142.5M Adjusted EBITDA, and holds ~$630M of liquidity with no debt after selling ~25% of its bitcoin for ~$62M post-quarter.
Key figures
- Eps
- 0.39
- Revenue
- 48989000
- Guidance
- Reaffirmed FY2026: total revenue $190M-$195M, digital infrastructure leasing revenue $175M, crypto mining revenue $15M-$20M, Adjusted EBITDA $137.5M-$142.5M, capex $45M-$60M
- Revenue Yoy
- 32%
- Capex
- 7000000
- Net income
- 17438000
- Gross profit
- 39263000
- Adjusted ebitda
- 34988000
- Total liquidity
- ~$630M
- Bitcoin holdings
- 2,954 BTC valued at $247M
- Cash and equivalents
- 381422000
- Adjusted gross profit
- 43740000
- Large load request mw
- 466
- Post quarter btc sales
- ~25% of bitcoin sold for ~$62M
- Near term pipeline gross mw
- 499
AI analysis
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