Ionic Digital/$IOND
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Ionic Digital
Ionic Digital Inc intends to be a leading bitcoin mining company, as part of the digital assets ecosystem.
- Ticker
- $IOND
- Sector
- Software & Cloud Services
- Primary listing
- NASDAQ
- Employees
- 15
- Headquarters
- Washington, United States
- Website
- ionicdigital.com
Ionic Digital Metrics
BasicAdvanced
$2.8B
-
-$7.18
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-
Price and volume
Market cap
$2.8B
52-week high
$89.36
52-week low
$50.00
Average daily volume
412K
Financial strength
Current ratio
41.59
Quick ratio
26.831
Long term debt to equity
0
Total debt to equity
0
Profitability
EBITDA (TTM)
63.299
Gross margin (TTM)
83.70%
Net profit margin (TTM)
-158.73%
Operating margin (TTM)
18.40%
Effective tax rate (TTM)
14.94%
Revenue per employee (TTM)
$11,670,000
Management effectiveness
Valuation
Price to revenue (TTM)
13.828
Price to book
3.18
Price to tangible book (TTM)
3.9
Price to free cash flow (TTM)
-60.249
Free cash flow yield (TTM)
-1.66%
Free cash flow per share (TTM)
-1.038
Growth
What the Analysts think about Ionic Digital
Analyst ratings (Buy, Hold, Sell) for Ionic Digital stock.
Analyst projections of the future price of Ionic Digital stock.
Bulls say / Bears say
The shift from Bitcoin mining to leasing is already lifting operating performance: third-quarter revenue rose 32% year on year to $49 million and adjusted EBITDA reached $35 million, versus less than $1 million a year earlier. Leasing made up about 90% of revenue. (Ionic Digital)
Ionic has a sizeable expansion opportunity: 112 MW of grid power is already energised in Midland, while Ward County has a 466 MW provisional expansion classification and a further 89 MW under contract. If developed and leased, this capacity could add materially to the business. (Ionic Digital)
The company reported about $630 million of liquidity and no debt, giving it resources to fund development without relying immediately on borrowing. Its existing lease is supported by Microsoft demand and a five-year Nvidia guarantee, adding support to the anchor customer arrangement. (Ionic Digital, The Motley Fool)
The 466 MW Ward County expansion is not yet fully cleared: its ERCOT classification remains provisional, with final review and utility infrastructure work still outstanding. The company targets energisation in late 2027, so delays could push back growth. (Ionic Digital)
Much of the next growth step still needs customers: management described 377 MW at Ward County as available for development and said it plans a targeted marketing process, while Midland capacity is also being discussed with prospective tenants. Those opportunities may take time to turn into signed leases and revenue. (The Motley Fool)
Reported earnings and revenue do not yet translate cleanly into cash: of $44 million in third-quarter leasing revenue, only $7 million was on a cash basis, while reported net income included a $73 million non-cash Bitcoin gain and a $66 million non-cash warrant charge. That makes near-term results sensitive to payment timing and asset valuations. (Ionic Digital)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.
Ionic Digital Financial Performance
Revenues and expenses
Ionic Digital Earnings Performance
Company profitability
Upcoming events
No upcoming events
Ionic Digital News
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Funds containing Ionic Digital
Fund name | Fund size | $IOND weighting |
|---|---|---|
iShares Blockchain Technology£BLKC | $304M | 2.15% |
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