Ionic Digital Reports Q3 2026 Revenue Growth Driven by Shift to Digital Infrastructure Leasing
Ionic Digital (IOND) reported third-quarter revenue of $49 million, a 32% increase compared to previous periods. This growth is primarily driven by the company's strategic pivot from cryptocurrency mining toward digital infrastructure leasing, which now accounts for approximately 90% of total revenue ($44 million). The transition has significantly improved profitability, with an adjusted gross margin of 89% and an adjusted EBITDA of $35 million. The company maintains a strong liquidity position with $628 million in cash and Bitcoin holdings. Looking ahead, Ionic Digital reaffirmed its full-year 2026 revenue outlook of $190 million to $195 million. While the shift to high-margin leasing provides stability, management noted potential regulatory risks in Texas following upcoming legislative changes regarding data center developments.
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Topics: bitcoin mining digital infrastructure leasing earnings per share liquidity revenue growth