# Ionic Digital Revenue Rises 32% as Leasing Leads Third-Quarter Results By John Kim Canonical URL: https://www.tokenpost.com/news/business/49624 Published: 2026-11-05T23:21:22.000Z Updated: 2026-11-05T23:21:22.000Z Section: Business > Bitcoin mining revenue fell 86% to $5.1 million, while the company received about $7 million in cash rent during the quarter. Ionic Digital's third-quarter 2026 revenue rose 32% year over year to $48.9 million as digital infrastructure leasing supplied nearly 90% of sales, extending the company's shift from Bitcoin (BTC) mining. Leasing revenue was $43.9 million. Bitcoin mining revenue fell 86% to $5.1 million. Ionic received about $7 million in cash rent during the quarter. Net income was $17.4 million, and adjusted EBITDA was about $35 million. Leasing accounted for 90% of Ionic's $48.6 million in second-quarter revenue, making it the company's largest revenue stream in both quarters. Ionic held about $628 million in cash and Bitcoin, with no outstanding borrowings. The company plans to offer potential customers about 499 megawatts of additional power capacity. The planned [Ward County buildout]() could bring site capacity to 700 MW by late 2027, contingent on ERCOT approval and completion of two utility projects. ## Links in this article - [Ward County buildout](https://www.tokenpost.com/news/technology/37186)