Ionic Digital Q3 revenue rises 32% to $49 million; reaffirms 2026 outlook
Ionic Digital reported third quarter 2026 revenue of $49 million, up 32% from a year earlier, and swung to net income of $17 million from a $5 million loss in the prior-year quarter. The results include a $73 million non-cash gain on cryptocurrency and a $66 million non-cash charge tied to warrant fair value, and the company reaffirmed its full-year 2026 outlook of $190 million to $195 million in total revenue. For shareholders, the quarter shows the shift from bitcoin mining to digital infrastructure leasing, with $381 million in cash and no outstanding borrowings as of September 30, 2026.
Key points
- Q3 2026 total revenue was $49 million, up 32% year over year; digital infrastructure leasing was about 90% of revenue.
- Q3 net income was $17.4 million, compared with a net loss of $4.5 million a year earlier; Adjusted EBITDA was $35 million, compared with $0.2 million.
- Full-year 2026 outlook reaffirmed: total revenue of $190 million to $195 million and Adjusted EBITDA of $137.5 million to $142.5 million.
- As of September 30, 2026, the company had $381 million in cash and cash equivalents, bitcoin valued at $247 million, and no outstanding borrowings.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.