Ionic Digital Q3 Revenue Grows 32%, AI Data Center Leasing Dominates

Ionic Digital announced its third-quarter performance, with total revenue increasing by 32% year-on-year to $48.9 million. Revenue from digital infrastructure leasing was approximately $43.9 million, accounting for nearly 90% of total revenue; cryptocurrency mining revenue fell from $37.1 million in the same period last year to about $5.1 million, a decline of 86%. Adjusted EBITDA reached approximately $35 million, compared to just $154,000 in the same period last year. Although leasing revenue for the third quarter reached $43.9 million, the actual cash rent received was only about $7 million. The company reaffirmed its full-year guidance for 2026, expecting total revenue to be between $190 million and $195 million, and is seeking customers for nearly 500 megawatts of additional power capacity at its Texas properties.

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