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Ionic Digital's third-quarter revenue rises 32% as data centre leasing dominates

NewsFeeds update

Ionic Digital's third-quarter revenue rose 32% year on year to $48.9m, with digital infrastructure leasing at about $43.9m, nearly 90% of the total, while crypto mining revenue fell 86% to about $5.1m. Adjusted EBITDA was about $35m, though cash rent received was only about $7m.

MiningPANewsAIBearish

Read the original on PANews

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Every Mining update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.