Ionic Digital Inc. Form 8-K — Nov 4, 2026
Ionic Digital (Nasdaq: IOND) reported Q3 2026 revenue of $49 million, up 32% year-over-year, with digital infrastructure leasing now roughly 90% of revenue as the company pivots from bitcoin mining to HPC/data center leasing. Net income was $17 million, though it includes a $73 million non-cash crypto fair-value gain offset by a $66 million warrant fair-value charge; Adjusted EBITDA jumped to $35 million from under $1 million a year ago. The company ended the quarter debt-free with $381 million in cash, 2,954 bitcoin worth $247 million, and ~$630 million of total liquidity, and has since sold ~25% of its bitcoin for ~$62 million to fund development.
Key figures
- Eps
- 0.39
- Revenue
- 48989000
- Guidance
- FY2026: digital infrastructure leasing revenue $175M, cryptocurrency mining revenue $15-20M, total revenue $190-195M, Adjusted EBITDA $137.5-142.5M, capex $45-60M (reaffirmed)
- Net Income
- 17438000
- Total Debt
- 0
- Total Assets
- 1002100000
- Cash Position
- 381422000
- Shares Outstanding
- 44996175
- Capex q3
- $7 million
- Pipeline mw
- ~499 gross MW available for new customers
- Crypto holdings
- 2,954 bitcoin valued at $247 million
- Gross profit q3
- $39.3 million vs $(6.7) million prior year
- Total liquidity
- ~$630 million
- Adjusted ebitda q3
- $35.0 million vs $0.2 million prior year
- Btc sold post quarter
- ~25% of bitcoin for ~$62 million
- Large load request mw
- 466
- Crypto fair value gain
- $73.2 million non-cash
- Adjusted gross profit q3
- $43.7 million vs $10.5 million prior year
- Warrant fair value charge
- $65.9 million non-cash
AI analysis
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