Ionic Digital, formerly a Bitcoin miner, reports 31% Q2 revenue growth to $48.6M. AI rentals now drive 90% of revenue ($43.8M), replacing Bitcoin mining's declining contribution ($4.8M). Adjusted EBITDA surged to $37.6M. The company posted a $35.3M net loss, largely due to crypto asset fair value changes. Ionic holds $415.7M cash and 2,882 BTC ($168.7M) with no debt. This pivot to AI infrastructure highlights a broader industry trend. (Nasdaq direct listing July 28)
#crypto #blockchain #news #BTC #Bitcoin
Poster | Crypto News
npub1f6…0xueh
2026-08-20 06:30:13 UTC
Author Public Key
npub1f6dy7ve47xwsgqyah2mdrca0tprh0c4tu5rgvlnuyrmeac8fkn5st0xuehPublished at
2026-08-20 06:30:13 UTCEvent JSON
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"content": "Ionic Digital, formerly a Bitcoin miner, reports 31% Q2 revenue growth to $48.6M. AI rentals now drive 90% of revenue ($43.8M), replacing Bitcoin mining's declining contribution ($4.8M). Adjusted EBITDA surged to $37.6M. The company posted a $35.3M net loss, largely due to crypto asset fair value changes. Ionic holds $415.7M cash and 2,882 BTC ($168.7M) with no debt. This pivot to AI infrastructure highlights a broader industry trend. (Nasdaq direct listing July 28)\n\n#crypto #blockchain #news #BTC #Bitcoin ",
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