Ionic Digital Inc. (IOND) SEC Filings & Earnings Calls
EquiReason read 6 Ionic Digital Inc. SEC filings in the last 12 months. Latest: SC 13D on 2026-10-21 — Sachem Head Capital Management filed a Schedule 13D disclosing a 9.99% activist stake in Ionic Digital Inc., with intent to engage with management and board on strategy and governa.
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 2.8B
- P/E TTM
- —
- Dividend yield
- —
- 52-week
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- Next earnings
- 4 Nov, in 11 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
21 Oct 2026SC 13DSachem Head Capital Management filed a Schedule 13D disclosing a 9.99% activist stake in Ionic Digital Inc., with intent to engage with management and board on strategy and governance.open
Figures in the filing · each found in the filing text
| Beneficial Ownership · 2026-10-20 | 10.0% |
11 Sep 20268-K · 7.01ERCOT provisionally classified Ionic Digital's remaining 466 MW energization request as Base Load in Batch Zero process, targeting full 700 MW by end of 2027. Positive regulatory step for data center campus expansion.open
Figures in the filing · each found in the filing text
| Energization Capacity · Q3-2026 | $466.00 | |
| Total Campus Demand · Q3-2026 | $700.00 |
Risks flagged
Classification is provisional and subject to ERCOT verification and final determination.
“This classification remains provisional and is subject to ERCOT’s ongoing verification, audit process and final classification determination” · word for word
1 Sep 202610-QIonic Digital reported a net loss of $35.3 million in Q2 2026, a significant swing from net income of $31.9 million in Q2 2025, as the company transitions from bitcoin mining to digital infrastructure leasing.earningsopen
Figures in the filing · each found in the filing text
| Total Revenue · Q2-2026 | $49M | +31% y/y |
| Cryptocurrency Mining Revenue · Cryptocurrency Mining · Q2-2026 | $5M | -87% y/y |
| Digital Infrastructure Leasing Revenue · Digital Infrastructure Solutions · Q2-2026 | $44M | |
| Net Income (Loss) · Q2-2026 | $-35M | -211% y/y |
| Cash and Cash Equivalents · 2026-06-30 | $416M | +856% y/y |
| Bitcoin Holdings · 2026-06-30 | 2,882 | +6% y/y |
| Adjusted Gross Profit · Q2-2026 | $45M | +204% y/y |
| Adjusted EBITDA · Q2-2026 | $38M | +898% y/y |
Risks flagged
Customer Concentration
“The Company had one customer who accounted for 90.1% and 87.8% of total revenues for the three and six months ended June 30, 2026, all of which were recorded within the Digital Infrastructure Solutions Segment.” · word for word
Bitcoin Price Volatility
“We recorded a loss on the fair value of cryptocurrency for the three months ended June 30, 2026 totaling $28.2 million compared with a gain of $46.8 million for the three months ended June 30, 2025.” · word for word
Material Weakness in Internal Controls
“Based on the evaluation of our disclosure controls and procedures, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective at the reasonable assurance level as of June 30, 2026 due to the material weaknesses in our internal control over financial reporting described below.” · word for word
19 Aug 20268-K · 2.02Ionic Digital reports Q2 2026 results: revenue $48.6M (+31% YoY), Adj EBITDA $37.6M vs $3.8M prior year. Reaffirms FY2026 guidance: revenue $190-195M, Adj EBITDA $137.5-142.5M, capex $45-60M. Transition to HPC/AI infrastructure leasing (90%earningsopen
Figures in the filing · each found in the filing text
| Total Revenue · Q2-2026 | $49M | +31% y/y |
| Digital infrastructure leasing revenue % · Q2-2026 | 90.0% | |
| Adjusted EBITDA · Q2-2026 | $38M | +889% y/y |
| Gross Profit · Q2-2026 | $41M | |
| Adjusted Gross Profit · Q2-2026 | $45M | +205% y/y |
| Net loss · Q2-2026 | $35M | |
| Capital Expenditures · Q2-2026 | $6M | |
| Cash and cash equivalents · 2026-06-30 | $416M | |
| Bitcoin holdings · 2026-06-30 | 2,882 |
Guidance
FY2026 Total Revenue $190-195M; Adjusted EBITDA $137.5-142.5M; Capital Expenditures $45-60M; Digital infrastructure leasing revenue 90-92%
Reaffirmed FY2026 guidance with strong revenue growth and margin expansion driven by HPC/AI infrastructure leasing.
Risks flagged
Expansion to 700 MW at Ward County subject to ERCOT approval and utility infrastructure projects; execution risk.
“Energization is expected by the end of 2027 and remains subject to ERCOT approval and completion of two utility infrastructure projects which are under construction.” · word for word
Non-cash fair value loss on cryptocurrency holdings ($28.2M) introduces earnings volatility.
“Net loss was $35.3 million, which includes $28.2 million non-cash loss on fair value of cryptocurrency” · word for word
22 Jul 20268-K · 2.02, 7.01Ionic Digital Inc. issued financial outlook for Q2 and FY2026: total revenue $47.5-48.5M (Q2) and $190-195M (FY), Adjusted EBITDA $36-37M (Q2) and $137.5-142.5M (FY), capex $5.5-6.5M (Q2) and $45-60M (FY). Transition from Bitcoin mining toopen
Guidance
FY26 total revenue $190-195M; Q2 total revenue $47.5-48.5M; FY26 Adjusted EBITDA $137.5-142.5M; Q2 Adjusted EBITDA $36-37M; FY26 capex $45-60M; Q2 capex $5.5-6.5M; FY26 digital infrastructure leasing revenue 92-90%; Q2 digital infrastructure leasing revenue 92-90%
Company provided first detailed financial outlook as it transitions from Bitcoin mining to digital infrastructure leasing, with strong revenue and EBITDA guidance.
Risks flagged
Transition risk from Bitcoin mining to digital infrastructure leasing may face execution challenges.
“assessing progress on our transition from Bitcoin mining to digital infrastructure leasing” · word for word
Bitcoin price volatility impacts GAAP net income due to fair value changes, though excluded from Adjusted EBITDA.
“realized and unrealized gains and losses on digital assets” · word for word
Capex excludes potential new site acquisitions, indicating possible future capital needs.
“excludes potential capital expenditures for new site acquisitions” · word for word
Ionic Digital Inc. — questions
- What did Ionic Digital Inc. file recently?
- 6 SEC filings in the last 12 months. Latest: SC 13D on 2026-10-21 — Sachem Head Capital Management filed a Schedule 13D disclosing a 9.99% activist stake in Ionic Digital Inc., with intent to engage with management and board on strategy and governance.
Every figure on this page comes from Ionic Digital Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.