Ionic Digital Receives Base Load Provisional Classification in ERCOT’s Batch Zero Process

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.

Rhea-AI Summary

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.

Positive

• Provisional Base Load status granted for remaining 466 MW request at Ward County
• Full energization would bring Ward County campus demand to 700 MW
• Company targets end of 2027 for energization of the final 466 MW tranche

Negative

• Base Load classification is provisional and subject to ERCOT verification and audit
• Final energization timing depends on ERCOT and PUCT oversight and approval processes

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+5.80% vs previous close $80.68 last price 1.4x rel. volume Open Argus

Details

Market reaction after Base Load classification: IOND +5.80%

$80.64 $80.95 Day Range

$3.63B Market Cap

Following this news, IOND has gained 5.80%, reflecting a notable positive market reaction. Our momentum scanner has triggered 6 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $80.68.

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Key Figures

Remaining energization tranche: 466 MW Aggregate campus demand: 700 MW Target energization timing: By the end of 2027

Remaining energization tranche

466 MW

Final tranche of the existing energized Ward County load

Aggregate campus demand

700 MW

Demand after energization of the remaining tranche

Target energization timing

By the end of 2027

Company target for the final tranche

Historical Context

2 past events · Latest: Aug 19

2 events

1. Aug 19

   Ward County expansion

   24h Move

   +2.4%

   Disclosed 234 MW contracted and expansion to 700 MW by end-2027, subject to ERCOT approval.

2. Aug 17

   Data center oversight

   24h Move

   -1.7%

   Documented participation in ERCOT and PUCT verification and audit process for Texas data centers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

megawatt, energization, transmission service provider, base load

4 terms

megawatt technical

"planned energization of the final 466 megawatt ("MW") tranche"

A megawatt is a unit of power equal to one million watts, used to describe how much electricity something can produce or use at a given instant. Think of it like the flow rate of water from a firehose: it tells you how fast energy is being delivered, not how much has been used over time. For investors, megawatts signal the scale of power plants, solar or wind projects and industrial demand, which affects revenue potential, capital cost and project valuation.

energization technical

"planned energization of the final 466 megawatt ("MW") tranche"

Energization is the process of supplying electrical power or otherwise activating systems, equipment, or facilities so they can operate. For investors, energization signals a shift from construction or testing into commissioning and operational readiness, affecting timelines for production, revenue, regulatory inspections and safety checks—like flipping the switch that allows a new factory, power line or industrial asset to actually run and be evaluated.

transmission service provider technical

"Company's interconnecting transmission service provider for the Ward County campus"

An organization that owns, operates, or manages high-voltage power lines and related equipment that carry electricity from generators to distribution networks or large users. It is responsible for keeping the transmission network running, planning capacity, and administering access and charges for moving power. Like a highway operator for electricity, its reliability, congestion and tariff rules affect utility costs, grid outages and the economics of power producers and consumers.

base load technical

"provisionally classified Ionic Digital’s remaining 466 MW energization request"

The minimum, continuous level of electricity demand that a power system needs to meet at all times, regardless of daily ups and downs. Think of it like the background hum of demand that never goes away — power plants or contracts that supply that steady demand typically run continuously and provide predictable output, which affects utility revenues, capacity planning, pricing and how investors value generation assets and long-term contracts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WASHINGTON, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Ionic Digital Inc. (Nasdaq: IOND) ("Ionic Digital" or the "Company") is providing an update on the Electric Reliability Council of Texas, Inc.’s ("ERCOT") Batch Zero process for the planned energization of the final 466 megawatt ("MW") tranche of the existing energized load at the Ward County campus.

Texas-New Mexico Power ("TNMP"), the Company's interconnecting transmission service provider for the Ward County campus, informed the Company that ERCOT has provisionally classified Ionic Digital’s remaining 466 MW energization request needed to reach its full previously requested demand for the Ward County campus Large Load request as Base Load in the Batch Zero process. 

Energization of this remaining 466 MW tranche would bring the Ward County campus to its full aggregate demand of 700 MW. The Company continues to target energization of the final tranche by the end of 2027.

This classification remains provisional and is subject to ERCOT’s ongoing verification, audit process and final classification determination, with oversight by the Public Utility Commission of Texas ("PUCT"). Ionic Digital is fully participating in that process and shares Governor Greg Abbott’s focus on grid reliability and the responsible development of data centers in Texas.

About Ionic Digital

Ionic Digital is the fast-track provider of High-Performance Computing (HPC) and data center infrastructure, designed to drive stability in the rapidly evolving AI landscape. In an industry where constrained power and extended development timelines cause bottlenecks, Ionic Digital delivers certainty in performance, scalability and speed to market, providing fully ready assets and the rigorous due diligence required for the world’s most intensive AI workloads. Led by a seasoned team with deep experience developing hundreds of megawatts and raising billions in capital, Ionic Digital is the definitive, trusted foundation for the future of AI.

To learn more, visit ionicdigital.com and follow us on X and LinkedIn.

Investor Contacts:

Hannah Stuckey, Director of Investor Relations
hannah.stuckey@ionicdigital.com 

Gateway Group
ionic@gateway-grp.com 

Media Contact:

pr@ionicdigital.com 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions.

When the Company and its management use words such as "target", "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," "plans," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, market conditions, competitive dynamics, regulatory changes, and other factors discussed in the "Risk Factors" section of the Company's prospectus and the Company’s other filings with the SEC. Forward-looking statements speak only as of the date of the release and the Company undertakes no obligation to update them except as required by law.

For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, available at www.sec.gov.

FAQ

What portion of Ionic Digital’s Ward County capacity is affected by this ERCOT decision?

The provisional Base Load classification applies to the remaining 466 MW energization request at the Ward County campus. Energizing this tranche would bring the campus to its full previously requested aggregate demand of 700 MW.

When does Ionic Digital expect the final 466 MW tranche at Ward County to be energized?

The company continues to target energization of the final 466 MW tranche by the end of 2027, subject to ERCOT’s ongoing verification, audit process and final classification determination.

Which regulators and entities are involved in the Batch Zero and classification process?

The Batch Zero process and the provisional Base Load classification involve ERCOT, which conducts verification and audits, with oversight from the Public Utility Commission of Texas (PUCT). Texas-New Mexico Power is the interconnecting transmission service provider for the Ward County campus.