TechFlow news, July 02, according to Bitcoin News, Bitcoin mining company Ionic Digital disclosed that it has completed a $400 million private financing. Financial data shows that the company achieved revenue of $51.4 million in the first quarter of this year, among which digital infrastructure leasing (AI/HPC) business contributed $44 million, exceeding Bitcoin mining business revenue for the first time.
Ionic Digital stated that it has transformed its data centers for AI and high-performance computing (HPC) infrastructure, and signed a long-term lease agreement with Nscale for 126 months, corresponding to contract revenue of approximately $1.95 billion; if the future additional 89MW capacity is approved and put into use, total contract revenue is expected to increase to approximately $2.6 billion. Meanwhile, Ionic Digital is continuously scaling down Bitcoin mining business, as of the end of March this year, it owned approximately 120,600 mining machines, but only approximately 23,200 were in operation, with total hashrate dropping to 2.0 EH/s.
Previously reported, Ionic Digital has applied for direct listing on Nasdaq, with stock ticker symbol "IOND".
