Canaccord Genuity Initiates Coverage on Ionic Digital With Buy Rating
Canaccord Genuity has initiated research coverage on Ionic Digital Inc. with a 'Buy' rating and a price target of $119.
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Ionic Digital Announces That ERCOT Provisionally Classified The Company's Remaining 466 MW Energization Request As Base Load In The Batch Zero Process
Texas-New Mexico Power ("TNMP"), the Company's interconnecting transmission service provider for the Ward County campus, informed the Company that ERCOT has provisionally classified Ionic Digital’s remaining
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Sachem Head Takes Activist Stake at Ionic Digital with 9.99% Holding
Investment firm Sachem Head Capital Management has acquired a 9.99% stake in Ionic Digital Inc., signaling a move toward a more active role in the company's governance.
Shares of software companies are trading lower amid a rotation out of technology and AI-related stocks. Rising inflation concerns and elevated oil prices are fueling expectations for further Fed tightening, while elevated borrowing costs could weigh on demand, valuations and debt metrics.
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