Ionic Digital increases Bitcoin holdings by 21 BTC to 2,882 BTC as AI revenue dominates

Ionic Digital, the digital infrastructure company that rose from the ashes of Celsius Mining’s bankruptcy, has bumped its Bitcoin treasury to 2,882 BTC. The increase of 21 BTC might sound modest, but it reflects something more interesting about the company’s strategy: it doesn’t sell any of the Bitcoin it mines. That 2,882 BTC stash was valued at approximately $168.7 million as of June 30, 2026. For a company that only came into existence in January 2024, accumulating nearly 2,900 Bitcoin while building out an AI infrastructure business is a neat trick. The real money machine isn’t mining The Bitcoin holdings grab the headline, but the revenue story tells a different tale. Ionic Digital’s Q2 2026 earnings reveal that AI and high-performance computing leasing generated $43.8 million, accounting for 90% of the company’s total revenue of $48.6 million. That total represents 31% year-over-year growth. The company mined 24.77 BTC in May 2026, a 21.1% increase month-over-month. Ionic signed a 10-year lease agreement with AI cloud provider Nscale for its Texas site, a deal that could generate $2 billion in revenue over its lifetime. Q2 adjusted EBITDA came in at $37.6 million. The company...