Ionic Digital's Q2 revenue was $48.6 million, with AI leasing being the main source of revenue

According to The Energy Mag, Bitcoin mining company Ionic Digital released its second quarter financial report, with revenue increasing by 31% year-on-year to $48.6 million. AI infrastructure leasing contributed $43.8 million, while Bitcoin mining revenue decreased to $4.8 million. Ionic Digital's adjusted EBITDA was $37.6 million, with a net loss of $35.3 million, mainly due to a non cash loss of $28.2 million caused by changes in fair value of cryptocurrency assets. Ionic Digital held cash of $415.7 million and 2882 bitcoins at the end of the quarter, with no outstanding loans.