Ionic Digital posts 31% rise in Q2 revenue as AI, HPC leasing drives growth

Nasdaq-listed miner Ionic Digital (IOND) posted $48.6 million in second-quarter revenue, up 31% from a year earlier, as leasing digital infrastructure for AI and high-performance computing accounted for $43.8 million, or 90% of total revenue, reflecting its shift away from a BTC mining-centered business. Net loss came to $35.3 million, including $28.2 million in non-cash losses tied to fair-value declines in virtual assets including BTC. Adjusted EBITDA was $37.6 million.