According to ChainCatcher citing TheEnergyMag, data center operator Ionic Digital, which transitioned from Bitcoin mining, reported third-quarter revenue of $48.9 million, up 32% year over year. Digital infrastructure leasing generated about $43.9 million, nearly 90% of total revenue. Mining revenue fell 86% to about $5.1 million from $37.1 million a year earlier. Adjusted EBITDA was about $35 million, compared with $154,000 in the same quarter last year.
Despite reporting $43.9 million in leasing revenue, Ionic Digital received only about $7 million in cash rent. The company reiterated its 2026 full-year revenue guidance of $190 million to $195 million and is seeking customers for nearly 500 megawatts of additional power capacity at its Texas property.