just cohen 🦇🔊 🛡️🧙‍♂️

just lurking 🐼

[COLDCARD @COLDCARDwallet]

COLDCARD Mk3 Security Advisory

If you generated a seed on a Mk3 after firmware 4.0.1, your funds may be at risk.

Mk4, Q and Mk5 are not affected based on our early analysis.

Read the advisory and migrate carefully:

https://t.co/3vgPHOjMS7

[Aaron Bennett @Aaronbennett]

Ionic Digital Update: It's $70, Why I'm Still Holding & Taxes @ftxcreditor_com @LouisOrigny @CryptoTaxGirl

[CelsiusFactsNumbers @CelsiusFacts]

$IOND breaks $60 ! 🚀
As predicted no significant #IonicDigital dump..
My first recommendation is just selling 5% at $62-$63
w/ another 10%-20% at $69 to $70.

And that will be it until ERCOT announcement in Aug 7.. or the following week!
If there are retracements! Just💎👐

[just cohen 🦇🔊 🛡️🧙‍♂️ @JustCohenToo]

Excellent IOND value analysis. Thanks @CelsiusFacts

[CelsiusFactsNumbers @CelsiusFacts]

🚨How to price your #IonicDigital shares ? 🤑

In today’s alpha, I’ll focus on putting the company’s assets, contracts, future revenue, and profit into context relative to the share count and potential dilution.
Because the company dilutes as it reaches higher prices, it’s essential to track how many shares may come to market. In total, there are roughly 48.5M shares currently expected, including warrant conversions, unlocked shares from the $400M round, and officer and board compensation.

However, most of these won’t trade on day one. Many Celsius Network creditors have not yet transferred their shares, and about 3M shares remain unclaimed.
There is also limited shorting pressure. Most of it will likely come from market makers.

To estimate a fair price:
Look at profit and assets in the chart below 👇and decide which are most likely to be priced in by the market. Then take your market cap and divide it by the number of shares on the X-axis.

Key company milestones (afaik):
• Midland project conversion approval by leadership, end of July ’26
• ERCOT approval of up to 499MW expansion, around Aug 7
• Nscale rent payments starting in August
• Turnkey contract expected this year if baseload is approved
• Oncor and TNMP infrastructure completion in Ward County by Dec ’26
• First turnkey delivery expected between late ’27 and ’28
• Midland conversion and contract signing
• First agentic data center in a major urban connection
• Additional tenants beyond Nscale

Other relevant events:
• Nscale, Ionic’s largest tenant, goes public
• One year after listing, unclaimed shares (excluding contested) may be sold by the state
• Warrant conversions at 63.6, 74.2, and 87.5
• 6-month investor unlock, potentially earlier if the stock reaches $70 (7.5M shares)

Share this with anyone with Ionic Digital shares or looking to buy/sell!

‼️This is one of my most important posts and should help you understand how cheap or expensive $IOND really is.
Open the comments below ⬇️for the full resolution image..
If you have any questions post them below will try to answer them.

[Rep. Jim McGovern @RepMcGovern]

It’s been over a month. Where’s Mitch?

[Ionic Digital @IonicDigital]

Legacy Shareholders:

As of 7/21, Interactive Brokers has enabled DRS transfer of Ionic Digital (IOND) shares from our transfer agent on their platform.

We are aware other known brokers to support DRS transfers are still working through their setup and we will keep you updated.

[CelsiusFactsNumbers @CelsiusFacts]

The @SECGov has declared #IonicDigital S-1 effective and trading is expected to begin on 28 of July!
This means you can move your shares starting this week to your broker!

https://t.co/luSTMMKWB3

[Tiffany Fong @TiffanyFong]

CHIPOTLES ARE JUST DRIED JALAPEÑOS ??? 🤯

[Ionic Digital @IonicDigital]

Need help getting started with Odyssey?

This video walks you through how to register your shares of Ionic Digital and manage your shareholder account with Odyssey.

Learn more on the Company Information page of our website:

https://t.co/JbUdBP7RgI

[Ionic Digital @IonicDigital]

See the video below for an overview of what a direct listing is, the status of your shares, and what this process looks like for Ionic Digital legacy shareholders.

Learn more on the Company Information page of our website:

https://t.co/JbUdBP8p6g

[CelsiusFactsNumbers @CelsiusFacts]

#IonicDigital Investor Presentation

01:38 CEO Andy Stewart introduces Ionic Digital & the team
08:00 Overview of where other HPC datacenters are located in Texas
13:29 Who is @Nscale ? Details of the deal they signed
17:30 Why Ionic is a low-risk bet on HPC as a power shell company
20:58 Antonio Piraino (CSO) – Where HPC/AI demand is going and Ionic’s positioning
27:20 Mark Lambourne talks about power in datacenters and Ionic’s expansion plans
33:42 Midland assets (122 MW) and HPC conversion
43:17 Richard Carson (General Counsel) – Governance, why your shares are valuable, new investors are on the same terms (non-dilutive), and direct listing explained
47:26 Chris Hickman (CFO) – Financial overview and recently raised capital
54:10 Ionic Digital is moving out of Bitcoin and becoming a pure-play HPC company
54:50 Why dividends don’t make sense at this time
55:45 CEO closing remarks
57:50 Questions and Answers

My thoughts and summary are below.. 👇

[Joseph Lubin @ethereumJoseph]

In my opinion, Ethereum L1 revenue fees should stay low to foster growth. Tens of thousands of companies will set up shop over the next 2-3 years on some mix of Ethereum L1, L2s, and private permissioned EVMs like Besu chains which will be fully interoperable with L2s and L1s. Monetary premium will grow very large, "fee revenue" to L1 from so much activity will grow significant, staking and other locking away of ETH will reduce supply, and net burning of ETH under ultrasound conditions will further grow the value of ETH.

[trey wingo @wingoz]

I’m not crying… you’re crying

[Brian Wesbury @wesbury]

So damn good. I’ve listened and watched this 10 times. You should too.

[Ionic Digital @IonicDigital]

Today, Ionic Digital announced it will hold a virtual Investor Day on Tuesday, July 14 at 10am Eastern Time.

Registration and webcast details are available at https://t.co/oylNavfDuF

See more details in the press release below:
https://t.co/MqIaFKL6c7

[Otis @otisa502]

Total Class A shares currently outstanding:: 37,374,261.

Fully diluted (after conversion of the new preferred shares): 44,921,427 Class A shares.

The company raised $400 million through a private placement at $53.00 per preferred share, with warrants at $63.60, $74.20, and $87.45.

“The new investors agreed NOT to sell below $73/share for 6 months after listing.

[CelsiusFactsNumbers @CelsiusFacts]

Many errors by @LouisOrigny here. Some facts and more accurate statements about $IOND:

1 - Ionic Digital was seeded w/ 225M of value. Of that, 195M was cash. Today they have 36M in cash & 2,861 BTC. Even at today's prices they didn't lose money and they have a fully completed datacenter. The "lost money" argument only works if you include the depreciation of the old miners bought by Celsius (they had no say in this).

2 - Private Investors bought Shares at $53. These are "preferred" shares but convert to class A when it starts trading (identical to all creditors' shares). They also bought warrants that exercise (create 1M shares) at $63.6, $74.2, and $87.4.

3 - Private investors can't sell in the 6mo after trading, w/ the exception that when it hits $70, 7M shares become available to be sold by them.

4 - Most miners were deployed in the past except the really old ones, but as the host agreements ended, Ionic did not spend money transporting & storing them. The best miners were moved to the smaller sites and the remaining are the fleet that left from Ward County facility to make space for AI. (So they traded maybe <150M in miners for 2.4B looks like an obvious decision)

5 - CEO is not getting $25M on IPO. He has a 500k annual salary and gets 37,375 shares per year for a total of 186,875. Plus 3x 186,875 when the Marketcap reaches 2.5B, 3.75B, 5B($100 per share) .. and only after 6mo that the MC target is reached and he is still employed by the company.

In summary, when it comes to #IonicDigital targets, institutional investors want to make over $53 to $87 and the CEO is rewarded up to $100 per share.

[Tiffany Fong @TiffanyFong]

In 2022, I lost 3.1 BTC &amp; 11.6 ETH to Celsius Network.

Years later, there's FINALLY a bit of good news for Celsius creditors about our Ionic Digital shares!

[Ionic Digital @IonicDigital]

Ionic Digital encourages legacy shareholders to review updated information (FAQs) that can be accessed via the Odyssey shareholder portal linked below:

https://t.co/B7ILcdC9EL

Read more in the company’s latest press release:

https://t.co/glrmMxz6pr

[hodlonaut @hodlonaut]

1/

In 2022, two developers put their name forward to become Bitcoin Core maintainers. Same project, same year, same process.

One was waved through in six days.

The other was worn down over five months and gave up.

The difference between them tells you how Core actually decides. A thread.