Ionic Digital
IOND · Nasdaq Global SelectMinerHighUnited States
BTC held
2,882
as of Jun 30, 2026 · 0.014% of 21M
Value now
$231M
at BTC $80,275
Basic mNAV
13.83×
mkt cap $3.2B as of Aug 28, 2026
Sats per share
7,712
37M shares as of Jun 30, 2026
Cost basis
- Average cost per BTC
- —
- Total invested
- —
- Unrealized gain
- —
Treasury debt
No convertible notes or treasury-linked debt on file.
Recent activity
Q2 2026 earnings (8-K of Aug 19, 2026) confirm 2,882 BTC ($168.7M) and no outstanding borrowings as of June 30, 2026; shares outstanding 37,374,261. Ionic retains 100% of mined bitcoin: holdings grew from 2,815.6 BTC (Mar 31, 2026, after mining 95.7 BTC in Q1) to 2,882 BTC worth ~$168.7M at June 30, 2026, with zero sales. The company direct-listed on Nasdaq on July 28, 2026 (shares jumped 26% on debut, giving Celsius claimholders an exit) and reported Q2 revenue of $48.6M, ~90% of it from AI/HPC leasing of its 234 MW Ward County, TX site to Nscale under a 126-month triple-net lease.
Risk notes
Heavy single-tenant concentration (Nscale lease is ~90% of revenue) as it pivots from bitcoin mining to AI infrastructure; potential share overhang as former Celsius claimholders gain liquidity post-direct-listing. Balance sheet is strong: zero debt and $415.7M cash. Cost basis of BTC is not comparable to purchasers — 540 BTC were inherited from Celsius Mining in Jan 2024 and the rest self-mined, so no avg purchase cost is disclosed.
Sources
- https://www.sec.gov/Archives/edgar/data/2007691/000200769126000007/ioni-20260819.htm
- https://investors.ionicdigital.com/news-releases/news-release-details/ionic-digital-announces-second-quarter-2026-results
- https://cryptobriefing.com/ionic-digital-bitcoin-holdings-2882-btc/
- https://www.sec.gov/Archives/edgar/data/0002007691/000118518526003152/ionicdigi424b4072026.htm
- https://www.coindesk.com/business/2026/07/29/ionic-digital-jumps-26-in-nasdaq-debut-giving-celsius-network-claimholders-an-exit-route
- https://stockanalysis.com/stocks/IOND/
- https://bitcointreasuries.net/private-companies/ionic-digital-inc
- https://bitcointreasuries.net/
Figures are compiled from public disclosures and may lag. This page is information, not investment advice or a recommendation regarding IOND securities.