IOND
Ionic Digital Inc.
Research: Finviz ↗·Perplexity ↗
No convergence signal this quarter — shown because tracked funds have filed 13D/G on this stock.
News Summary
PositiveIonic Digital delivered strong Q2 2026 results as a newly public company with 31% YoY revenue growth and 93% adjusted gross margins, driven by its shift to higher-margin digital infrastructure leasing. The company achieved a major regulatory milestone in September when ERCOT provisionally classified its remaining 466 MW energization request as Base Load, supporting the path to full 700 MW campus capacity by end of 2027, and crossed a $2.5 billion valuation threshold triggering executive equity vesting. Analyst consensus remains strongly positive with multiple initiations at $85 price targets despite one dissenting sell rating.
Red flags
- •ERCOT Base Load classification remains provisional and subject to ongoing verification, audit, and final determination by ERCOT and Texas PUC—not yet assured
- •Full Ward County campus energization timeline extends to end of 2027, introducing execution risk on a material value driver
- •Wall Street Zen downgrade to Sell (late September 2026) with rationale unavailable—suggests potential undisclosed concerns worth monitoring
Fund 13D/13G Filings (1)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| Sachem Head Capital | SC 13G | NEW | 6.9% | +27.3% vs SPY +32.5% abs | 2026-07-24 | ↗ |