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Ionic Digital (IOND) received a provisional Base Load classification in ERCOT’s Batch Zero process for the remaining 466 MW energization request at its Ward County campus. This tranche, once energized, would raise the campus’s aggregate demand to 700 MW, matching the company’s previously requested large-load demand. The company continues to target energization of the final tranche by the end of 2027. The classification remains provisional, subject to ERCOT’s verification, audit and final determination, under oversight from the Public Utility Commission of Texas, with Ionic Digital fully participating in the process.
Ionic Digital (Nasdaq: IOND) reported second quarter 2026 revenue of $48.6 million, up 31% year-over-year, with 90% from digital infrastructure leasing, reflecting its shift from bitcoin mining to HPC and AI data center infrastructure.
Gross profit was $40.5 million and Adjusted Gross Profit $45.4 million, versus $14.9 million a year earlier. The company recorded a net loss of $35.3 million, including a $28.2 million non-cash loss on cryptocurrency fair value and a $27.2 million tax provision, while Adjusted EBITDA rose to $37.6 million from $3.8 million. Capital expenditures were $5.8 million, mainly for substation expansion at the Ward County campus.
Ionic Digital has 234 MW of operating capacity contracted at Ward County and is advancing work to expand the campus to 700 MW by end of 2027, subject to ERCOT approval and utility projects. Liquidity as of June 30, 2026 included $415.7 million in cash, 2,882 bitcoin valued at $168.7 million, and no outstanding borrowings. The company reaffirmed its full-year 2026 outlook for revenue of $190–$195 million and Adjusted EBITDA of $137.5–$142.5 million.
Ionic Digital (Nasdaq: IOND) announced its support for Governor Greg Abbott’s emphasis on grid reliability and responsible data center development in Texas. The company committed to fully participating in the verification and audit process led by the Public Utility Commission of Texas and ERCOT.
Ionic Digital highlighted its focus on transparent, accountable digital infrastructure development, coordinated with regulators, utilities and local communities. The company cited its Ward County campus as an example of long-term investment in West Texas and views the audit as a chance to shape a clear framework for future data centers.
Ionic Digital (Nasdaq: IOND) plans to report its second quarter 2026 financial results on Wednesday, August 19, 2026, after the U.S. market close. The company will host a conference call at 5:00 p.m. ET, with the earnings release, presentation materials, webcast link and replay all available on the Events & Presentations page in the Investor Relations section of its website.
Ionic Digital (Nasdaq: IOND) announced that CEO Andy Stewart and CFO Chris Hickman will participate in Canaccord Genuity’s 46th Annual Growth Conference on August 12, 2026, in Boston, Massachusetts. Management plans to hold one-on-one and small group meetings with qualified institutional investors, coordinated through Canaccord Genuity representatives.
Ionic Digital (Nasdaq: IOND) completed a direct listing of its Class A common stock on the Nasdaq Global Select Market, with trading commencing on July 28, 2026 under the ticker “IOND”. The company provides digital infrastructure for AI and high-performance computing (HPC).
According to Ionic Digital, the Nasdaq listing is a key step in its evolution, aimed at creating liquidity for shareholders and supporting its strategy to develop and operate power-ready infrastructure for growing HPC and AI demand. The SEC declared the related registration statement effective on July 20, 2026.