Ionic Digital Q3 Revenue Up 32% as AI Data Center Leasing Dominates

Cointime reports: Bitcoin miner turned data center operator Ionic Digital reported third-quarter total revenue of $48.9 million, up 32% year over year. Digital infrastructure leasing brought in about $43.9 million, nearly 90% of the total, while crypto mining revenue fell 86% to roughly $5.1 million from $37.1 million. Adjusted EBITDA reached about $35 million versus $154,000 a year earlier, though cash rent actually received was only about $7 million.