Ionic Digital provides update on ERCOT Batch Zero process

Ionic Digital (IOND) is providing an update on the Electric Reliability Council of Texas, or ERCOT, Batch Zero process for the planned energization of the final 466 megawatt tranche of the existing energized load at the Ward County campus. Texas-New Mexico Power, the company’s interconnecting transmission service provider for the Ward County campus, informed the Company that ERCOT has provisionally classified Ionic Digital’s remaining 466 MW energization request needed to reach its full previously requested demand for the Ward County campus Large Load request as Base Load in the Batch Zero process. Energization of this remaining 466 MW tranche would bring the Ward County campus to its full aggregate demand of 700 MW. The company continues to target energization of the final tranche by the end of 2027. This classification remains provisional and is subject to ERCOT’s ongoing verification, audit process and final classification determination, with oversight by the Public Utility Commission of Texas. Ionic Digital is fully participating in that process and shares Governor Greg Abbott’s focus on grid reliability and the responsible development of data centers in Texas.