Ionic Digital Class A
Leases a powered West Texas site for AI infrastructure while operating bitcoin mining facilities.
Something off on this page? Send us feedback.
Profile
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
Key statistics
Year to date +34.5% · Average volume (30d) 945.0K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 19, 2026Q2 FY26 | −$0.13 | −$0.94 | −623.1% | $48.6M | $48.6M | +0.1% | +2.18% |
Financial highlights
| 2 quarters | — | — | — | — | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $51.4M | $48.6M | |
| Gross profit | — | — | — | — | $45.4M | $40.5M | |
| Operating income | — | — | — | — | $23.4M | $21.0M | |
| Net income | — | — | — | — | −$13.0M | −$35.3M | |
| Diluted EPS | — | — | — | — | −$0.35 | −$0.94 | |
| Gross margin | — | — | — | — | 88.2% | 83.2% | |
| Operating margin | — | — | — | — | 45.4% | 43.2% |
Balance sheet, Jun 30, 2026Cash & short-term investments $415.7M · Total debt $138.0K · Total assets $922.5M · Shareholders' equity $510.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 37.38M · Float 32.01M · 85.6% free float
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- TeraWulf
Closest energy-to-AI-campus rival with long-term hyperscale leases.
- Applied Digital
Direct rival for power-ready AI campuses and hyperscale lease wins.
- Cipher Digital
Texas HPC-campus developer competing for power, tenants and project capital.
- Core Scientific
Large-scale HPC host and bitcoin miner competing for powered capacity.
- Hut 8
Power-first developer competing for hyperscale AI leases and mining economics.
- IREN
AI cloud and mining platform competing for power-ready compute capacity.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ionic Digital Class A | $70.26 | −1.47% | $2.67B | — | 34.2 | 26.6 | — |
| TeraWulf | $15.43 | +0.42% | $7.61B | — | — | 46.0 | −6.0% |
| Applied Digital | $25.52 | +0.61% | $7.29B | — | — | 12.7 | +580.7% |
| Cipher Digital | $15.18 | +0.06% | $6.21B | — | — | 32.5 | −43.0% |
| Core Scientific | $16.58 | +0.28% | $5.31B | — | 312.6 | 12.0 | +108.8% |
| Hut 8 | $79.75 | +0.41% | $8.94B | — | — | 30.8 | +81.4% |
| IREN | $35.60 | +0.46% | $12.65B | — | — | 16.7 | −26.8% |
| Median | — | 312.6 | 23.8 | +37.7% |