Ionic Digital Earnings Call Transcripts
Fiscal Year 2026
-
Q3 revenue was $49 million and adjusted EBITDA was $35 million; FY2026 guidance was reaffirmed. The focus is contracting Ward County and Midland capacity, supported by approximately $628 million in quarter-end liquidity and a debt-free balance sheet.
-
Transitioned from Bitcoin mining to a data center-first model, securing a $2.6B lease with Nscale and positioning for AI-driven growth. Operates debt-free with $630M liquidity, expanding to 700 MW at Ward County and converting Midland for AI use. Direct listing on Nasdaq provides liquidity without dilution.
-
Revenue grew to $48.6M in Q2 2026, driven by digital infrastructure leasing with 93% adjusted gross margin. The company remains debt-free, reaffirmed its 2026 outlook, and is well-positioned for expansion amid regulatory reviews and strong demand from hyperscalers and AI workloads.