RonPaulBot1234

❌Microsoft rejected the option to expand further on Ward County with Nscale The Financial Times published an article reporting that Microsoft passed on its option to expand up to 700 MW in Ward county. Fundamentally, this option wasn't priced in by the market, so it should have no impact on the thesis or price. Ionic still needs regulatory approval to push past 234 MW, which likely won't happen until 2027 anyway. This article is a little suspicious, as I don't even think it would be prudent or professional to announce a contract without clarity on whether such power will even exist in the first place. So do take this with a grain of salt, as no specific source is named for this news. Remember: Nscale is just 1 tenant. They don't need to contract all the power, they simply hold a right of first refusal to match competing offers. Ionic is actively talking to multiple prospective clients for both powered-shell and turn-key leases in Ward and Midland. ft.com/content/668e6ef8-88a1…

📊 Ionic Digital Q3 '26 Call Summary - "Urgency & Discipline" 💵Financials & Earnings Record Revenue: $49M gross revenue, 90% driven by AI/HPC. EPS: Delivered $0.38 per share. While depreciation often obscures true operating performance, positive EPS is a real net positive here. G&A Expense Breakdown: Headline G&A was $25M, but $16M went to one-time listing costs(-12M cash) and unawarded restricted stock comps(-4M stock). Core G&A sits at $9M. Balance Sheet: Zero debt and $628M in total liquidity. NVIDIA Guarantee: Remaining guarantee payments stand at $847M out of $860M. This guarantee also allows the company to secure credit using the NVIDIA backstop in case they need more liquidity. ⚡️ Power & Site Progress (Ward & Midland) Provisional Classification: 🚨Ward gained Base Load Pathway B status. Because the site is already built and powered, Ionic holds a massive lead over unpowered greenfield projects in Texas. Midland: The company has further increase its conviction on a successful conversion. Data center design work is underway, and a full marketing campaign for both Midland and Ward launches in the coming weeks. Powered Shell vs Turnkey in Ward: A powered shell strategy could bring revenue online by late 2027, while turnkey pushes timelines out to 2028 at the Ward facility. Nscale Buildout: 1st data building completed at the Ward site. 🔄 Strategic Pivot BTC Mining Sunset: Exiting mining over the next 6 to 12 months. Sold 737 BTC (25% of holdings) at ~$84k per BTC to fund upcoming CapEx. Further liquidations planned. 2027 Power Scarcity: Shopping for brand-new sites is deferred to 2027; current priority is monetizing existing power at Ward and Midland. 🏛️ Regulatory & Community ERCOT Delays: Verification process slowed marketing at Ward, but physical infrastructure buildout on-site hasn't stopped. Political Climate: Working directly with local and state officials ahead of proposed Democratic legislation aiming to pause data center permits pending "new rules." Community Outreach: Heavy engagement with local schools, towns, and state reps throughout Q3, with plans to expand community outreach even further in the coming quarters. What do I think of all this? Very positive outlook for Ionic. Good financials, good execution thus far, and the ERCOT classification reduces risk even further in my opinion. Still some fat on G&A, though, and I wish they had bought or at least made a bid on the Poolin sites. At the end of the day, none of Ionic’s data centers negatively impact anyone. Basically, almost all of them are out in the desert 😅 and it is purely positive for the state. I was also pleasantly surprised by the community outreach. Just don’t get shaken out of Ionic on a general market sell-off! The company is a bargain at these levels with very low risk. Understand what you own and these dips will have 0 effect on your conviction! Below are the timestamps, I also add the presentation slides! Comment if you were shaken out and sold, if you are holding and/or buying. If I missed anything from the call, please share it with fellow shareholders below! Timestamps: 0:00 Intro and disclaimers 1:00 Andy Stewart gives a summary of Ionic's position in the market 3:51 Andy Stewart talks about the current landscape in Texas and Ward site receiving provisional Baseload Pathway B 4:58 Current Ward site development progress 6:15 Current Midland site development progress 7:24 Powered shell vs Turn-key 8:20 Expansion beyond current portfolio 9:39 Top Priority for the CEO 10:05 Chris's summary of Quarterly results 11:14 Context of G&A expenses 12:09 Q3 CapEx 13:29 Upcoming schedule of cash rent 14:38 Current Balance Sheet and the sale of BTC holdings 16:55 Q1 Political impact on current ERCOT decisions and will ERCOT finalize its Batch 0 assessment by December 10? 18:35 Q2 Has the current market environment of higher capital costs and frontier IPOs had any impact on potential tenants? 19:13 Q3 Current outlook on Texas expansion due to the new governor and the impact on Midland conversion 20:40 Q4 The future of Ionic's power portfolio beyond Midland & Ward, and when to expect it? 22:18 Q5 When does the company expect the Ward County site to provide new revenues from new contracts? 23:56 Q6 Do higher interest rates and more costly capital impact the company's expansion plans & future leases? 25:28 Q7 Update on Midland and Ward sites' relations with the local community

$IOND to $89 if this is her true position. (New Texas Governor) #IonicDigital

⏰Upcoming Ionic Digital Q3 earnings call & Other News Tomorrow after market close $IOND will release its Q3 results & host the Q3 earnings call. If Ionic doesn't go live here on X, I will livestream the call right here. What are we looking for? - Continuous HPC/AI revenues & timely Nscale buildout. Afaik this is the actual start of rent payments, whereas prior quarters were upfront payments. - Reiteration of the '26 guidance shown in Q2 of $190M–$195M in digital infrastructure revenue. Dividing the remaining target evenly, this should translate to ~$45M in Q3. - Tangible updates on new site acquisitions, Midland conversion, new HPC contracts or advanced discussions, power expansion, and progress with ERCOT and Texas state regulators. - On Oct 13 & Oct 21, Ionic transferred 457.75 BTC to Anchor Digital, which is likely a sale. We want confirmation on total proceeds. If sold on those dates, it should have netted ~$37.2M. Other news - Sachem Head Capital one of the largest investor in the 400M raise and prodigy of Bill Ackman file that he owns 9.99% and is looking to become an activist investor this could mean a board position. In my opinion the board should be reduced to 5(1 CEO, 1 Celsius creditor, 1 Financial & governance focus, 2 with connections to the Power/Datacenter space). The current 7 board compensation can be burdensome as share price continue to increase and such a large board doesn't align with the efficiency & value story. Of course, I'm for removing the 2 latest additions to the board as they lied to creditors, took advantage of the lack of sophistication, and almost destroyed the company HPC deal. tradingview.com/news/trading… - In the video below 👇 Ionic CSO reiterates the focus on HPC/AI & discontinuing BTC mining. They also appear to suggest they are already shopping or looking for a specific type datacenters...

*Correction* @EquitiesFirst has paid $125M(92.5M+32.5M) out of $500M so it should end the payments to the #CelsiusNetwork estate in less than 3 years between Q1 to Q2 2029!

🚨 #CelsiusNetwork 5th Distribution announced for Q1 '27 ! The new litigation quarterly report for Q3 is out: Celsius recovered $63.85M, but it cost them $26.58M. Almost half of the recoveries were consumed by the estate, with lawyers taking the bulk of it. If you subtract the previous amount kept in the account to fund the litigation admin (~$127M), that would mean a distribution of ~2.3%. Further unlocked reserves and recoveries could increase this value slightly. Equities First Holdings Equities' first-period payments appear to be $10.8M per month paid quarterly, totaling $32.5M. That would mean over 3 years of payments to the estate, provided the debt isn't bought! Source: cases.stretto.com/public/x19…