NEW: Another #Bitcoin miner going public with an #AI infra pivot play 🚀🚀 @IonicDigital eyes a direct listing with a much different profile than its Celsius-era #Bitcoin mining roots. Key points from its S-1: • Q1 revenue: $51.4M • AI/HPC leasing revenue: $44.0M • Bitcoin mining revenue: $7.4M • Active hashrate: down to 2.0 EH/s from 8.9 EH/s a year earlier • Bitcoin mined in Q1: 96 BTC • @nscale lease at Ward County: $1.95B in contracted revenue • Potential contracted revenue with added 89 MW: $2.6B • Bitcoin treasury: 2,815.6 BTC as of March 31 • Raised $400M ahead of planned Nasdaq direct listing under IOND(TheEnergyMag)