Ionic Digital AI Leases, Sites and Financing
Ionic Digital's sites, AI leases and financings from filings and press, with sources.
Formed in 2024 from the Celsius bankruptcy to hold Celsius Mining. Leased its 234 MW Cedarvale site to Nscale for about $1.95B and listed on Nasdaq in 2026; leasing was 86% of Q1 2026 revenue.
Profile
| Type | Miner turned AI host |
| AI status | Signed AI/HPC lease |
| Listing | NASDAQ: IOND |
| Website | ionicdigital.com |
Financings
| Date | Amount | Type | Lender | Detail | Source |
|---|---|---|---|---|---|
| 2026 | $400M | Equity | Attestor, Oaktree, Sachem Head (lead); Citadel, Weiss | Pre-IPO equity round valuing Ionic at $2B | DCD |
Sites
| Site | Location | MW | Status |
|---|---|---|---|
| CedarvaleLeased to Nscale; expandable to 700 MW | TX | 234 MW | AI/HPC |
| Garden City and RebelGlasscock County, 12 MW and 50 MW | TX | 62 MW | Bitcoin mining |
| Stiles and East StilesReagan County, 20 MW and 30 MW | TX | 50 MW | Bitcoin mining |
MW as reported: some figures are gross power, some critical IT. Sources: SEC, DCD.
AI leases and deals
| Date | Counterparty | Deal | Value | Source |
|---|---|---|---|---|
| Oct 2025 | Nscale | 126-month triple-net lease at Cedarvale (Ward County TX); rent from August 2026 | $1.9B | SEC |
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