Ionic Digital Q2 FY26 net loss turns to USD 35.3 million; revenue rises 31% to USD 48.6 million - IOND News | RalliesIonic Digital Q2 FY26 net loss turns to USD 35.3 million; revenue rises 31% to USD 48.6 million
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IOND• Balance sheet and outlook
- Cash and cash equivalents totaled USD 415.7 million; holdings included 2,882 bitcoin valued at USD 168.7 million, with no outstanding borrowings.
- Full-year outlook maintained: revenue USD 190-195 million, adjusted EBITDA USD 137.5-142.5 million, capital expenditures USD 45-60 million.
Q2 revenue rises while net loss widens
- Ionic Digital posted Q2 revenue of USD 48.6 million, up 31% year over year; net loss widened to USD 35.3 million.
- Adjusted EBITDA rose to USD 37.6 million from USD 3.8 million a year earlier, on revenue recognition of the Ward County lease.
- Digital infrastructure leasing made up 90% of revenue, reflecting the shift from bitcoin mining to HPC and AI infrastructure.
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