According to Bitcoin News, Ionic Digital has completed a $400 million private placement and has applied for a Nasdaq listing under the ticker symbol IOND. The company reported first-quarter revenue of $514 million, with $440 million generated from its AI/HPC business. Ionic Digital has signed a 126-month lease agreement with Nscale, generating approximately $1.95 billion in contracted revenue; if an additional 89 MW of capacity is approved, total contracted revenue is expected to rise to $2.6 billion. As of the end of March, Ionic Digital owned 1.206 million mining machines, of which 232,000 were operational, with a total hash rate of 2.0 EH/s.
Ionic Digital Completes $400M Funding and Files for Nasdaq Listing
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Summary
Ionic Digital, a leading player in digital asset news, has completed a $400 million private placement and filed for a Nasdaq listing under the ticker IOND. The company reported Q1 revenue of $51.4 million, with $44 million generated from its AI/HPC business. It signed a 126-month lease with Nscale, securing up to $2.6 billion in potential contract revenue. As of March 31, Ionic operated 23,200 active miners with a total hash rate of 2.0 EH/s. This move positions the company as a key player in digital collectibles news and the broader crypto markets.
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