Ionic Digital Inc, a digital infrastructure company supporting the expanding needs of AI and high-performance computing (HPC), announced its financial expectations for the second quarter ended June 30, 2026, and provided a full-year outlook for the year ending December 31, 2026. The company projects total revenue between $47.5 million and $48.5 million for the quarter, with full-year revenue expected to reach $190 million to $195 million. This guidance underscores the company's transition from Bitcoin mining to digital infrastructure leasing, with digital infrastructure leasing revenue anticipated to account for 90% to 92% of total revenue for both periods.

The company expects Adjusted EBITDA, a non-GAAP measure, to range between $36.0 million and $37.0 million for the three months ended June 30, 2026, and between $137.5 million and $142.5 million for the full year. Capital expenditures are forecasted to be $5.5 million to $6.5 million for the quarter and $45 million to $60 million for the year, excluding potential expenditures for new site acquisitions. Ionic Digital defines Adjusted EBITDA as net income before interest, taxes, depreciation, and amortization, adjusted for non-recurring items such as digital asset gains and losses, share-based compensation, and impairment charges.

Financial Outlook

The preliminary estimates reconcile a net loss of $34 million to $35 million for the second quarter to an Adjusted EBITDA of $36 million to $37 million. Key adjustments include share-based compensation expense of $9.8 million to $10 million, gains or losses on cryptocurrency fair value, and non-recurring legal expenses. Ionic Digital uses Adjusted EBITDA to evaluate operating performance and allocate resources, viewing it as a better indicator of core business performance amid its strategic transition.

Separately, Ionic Digital announced that its registration statement on Form S-1 was declared effective by the Securities and Exchange Commission (SEC) on July 20, 2026. The company expects its Class A common stock to begin trading on the Nasdaq Global Select Market under the ticker symbol "IOND" on July 28, 2026. This direct listing allows existing registered stockholders to sell shares without the company issuing new stock or raising capital, meaning Ionic Digital will not receive any proceeds from the sales.

Ionic Digital Inc will host a virtual Investor Day on July 14, 2026, at 10:00 a.m. Eastern Time. The digital infrastructure company, focused on AI and high-performance computing (HPC), scheduled the session in connection with its registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). The filing relates to the proposed public direct listing of its Class A common stock on the Nasdaq Global Select Market. Registration and webcast details are available online.

The registration statement has been filed but is not yet effective. No offers to buy or sell securities may be accepted prior to that time. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Strategic Positioning

Ionic Digital positions itself as a provider of HPC and data center infrastructure designed to address power constraints and development timelines in the AI sector. The company emphasizes fully ready assets for intensive workloads. It is led by a team with experience developing hundreds of megawatts and raising billions in capital.

Financial Backing

This move follows a previous $400 million investment round led by Attestor, Oaktree Capital Management, and Sachem Head Capital Management, which implied a pre-money equity valuation of $2.0 billion. The round included participation from Citadel and Weiss Asset Management. J.P. Morgan and BTIG, LLC acted as co-placement agents for the private transaction, while White & Case LLP served as legal counsel.

Gateway Group is handling investor inquiries, while JSA is managing media contacts. For legacy shareholder inquiries, Odyssey Transfer and Trust Company can be reached at ionicdigital@odysseytrust.com .