《Mining Giant Raises $2.7 Billion: Becomes an AI Landlord and Goes Public》 (Author: Song Ge, Editor: Zou Wei) Ionic Digital leverages low-cost Texas electricity and land as its core strategy, transforming mining farms into AI data centers. By securing long-term leases, they’ve locked in approximately $2 billion in revenue over the next decade. The company went public directly without issuing new shares. Currently, Nscale is the primary tenant. Although the data centers are still under construction, revenue is already predictable. In Q1 2026, $154 million in revenue is expected, with a significant portion coming from data center leasing, while mining operations are scaling down. Long-term risks include tenant concentration and construction progress. Read the full article: https://www.(wublock123.com)/articles/article-59302