Ionic Digital's total revenue for the third quarter was $48.9 million, a 32% year-over-year increase.
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Bitcoin mining company Ionic Digital reported total revenue of $48.9 million in the third quarter, a 32% year-over-year increase. Digital infrastructure leasing revenue accounted for approximately $43.9 million, nearly 90% of total revenue; cryptocurrency mining revenue fell to approximately $5.1 million from $37.1 million in the same period last year, a decrease of 86%. As a result, adjusted EBITDA reached approximately $35 million, compared to $154,000 in the same period last year. While rental income reached $43.9 million in the third quarter, actual cash rental payments received were approximately $7 million. (Source: TheEnergyMag)