Ionic Digital reported second-quarter 2026 revenue of $48.6 million, up 31% year over year, with AI and high-performance computing leasing contributing $43.8 million, or 90% of total revenue, and Bitcoin mining contributing about $4.8 million. Nearly all leasing revenue came from the Ward County, Texas, operating lease with AI cloud provider Nscale, recognized on a straight-line basis even though scheduled base rent began Aug. 1 after quarter-end; the 10-year agreement could generate $2 billion over its life. The company held 2,882 BTC valued at $168.7 million as of June 30 after adding 21 BTC, reflecting a policy of not selling mined bitcoin. BitcoinTreasuries.NET reported the increase on X and ranked Ionic 29th among Bitcoin holders. Ionic mined 24.77 BTC in May, up 21.1% month over month. Formed in January 2024 from Celsius Mining's bankruptcy assets with roughly 540 BTC, Ionic grew its holdings without open-market purchases, carries no debt, held $415.7 million in cash, and completed a Nasdaq direct listing as IOND on July 28, with shares up nearly 25% on day one and a reference valuation of about $2.4 billion. GAAP results showed a $35.3 million net loss, largely from a $28.2 million noncash bitcoin fair-value charge, while adjusted EBITDA was $37.6 million and full-year 2026 revenue guidance remained $190 million to $195 million.