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Ionic Digital's February 2026 Mining and Operations Update

Ionic Digital Inc., recognized as a prominent player in the digital infrastructure sector, has released its unaudited mining and operations report for February 2026. This update details the company's recent performance in Bitcoin mining, highlighting significant strategic measures taken to adapt to the rapidly evolving market conditions.

In February, Ionic Digital successfully mined a total of 32.95 Bitcoin (BTC). However, this figure marks a 5% decline compared to the previous month, primarily attributed to strategic fleet consolidation and operational adjustments at its hosting site in Oklahoma, known as GXD. Despite this decrease, the company managed to enhance productivity at its Midland site, where 23.18 BTC were mined, representing an impressive 15.5% increase from January, thanks to optimized uptime and minimized operational curtailment.

Ionic Digital's operational metrics reveal a global network hashrate increase of 3.6% during February, with an average daily block production surge of 11.3%. These global networking trends helped mitigate some effects of Ionic's decreased internal hashrate on its overall output. The daily average hashrate recorded for the month was 2.53 EH/s, down 3.2% from the previous month, while contributions from the GXD site notably dipped by 32.0%. On a brighter note, Midland's contribution rose by 17.9%, showcasing the benefits of the company's redeployment strategies.

Notably, the mining fleet's efficiency was recorded at 29.6 J/TH, indicating effective optimization efforts within a more streamlined operational framework. The number of active miners was down to 40,592, reflecting an 8.7% reduction month-over-month, which corresponds with Ionic Digital's ongoing strategic plans to consolidate its fleet.

Maintaining a solid financial position, Ionic Digital reported zero debt and did not liquidate any BTC during February. By the end of the month, the company's BTC holdings stood at 2,787.4 BTC, which is an increase of 31.9 BTC compared to January. Additionally, Ionic Digital has reiterated its commitment to fulfilling its obligations under the 10-year Nscale agreement pertaining to their Ward County site, formerly known as Cedarvale.

Summary of Key Mining and Operating Metrics for February 2026:

• - 1. Capacity (MW): 147.0
• - 2. Efficiency (J/TH): 29.6
• - 3. Daily Average Hashrate (EH/s): 2.53
• - 4. BTC Mined: 32.95
• - 5. Average BTC Mined/Day: 1.18
• - 6. BTC Sold: 0
• - 7. BTC Holdings: 2,787.4

The reported metrics illustrate Ionic Digital's resilience and strategic foresight in navigating the complexities of the cryptocurrency landscape. As the company progresses into 2026, its focus on optimizing operations and expanding its mining capacity demonstrates a robust commitment to remaining competitive in the high-performance computing and digital infrastructure market.

For more information regarding Ionic Digital and its operations, interested parties are encouraged to visit www.ionicdigital.com or follow the company on social media platforms such as X and LinkedIn.