Activist investor may seek Ionic board seats as AI pivot takes shape
- —Sachem Head holds about 9.9% of Ionic and sees shares at $151 versus $63
- —The 126-month Ward County lease is projected to bring in $1.9–2.6 billion
- —Nvidia guarantees the lease for the first five years
- —A Delaware court found the board breached fiduciary duties in 2025
Why it matters: The board fight will shape how fast Ionic sheds legacy mining assets and becomes a pure AI infrastructure landlord.
Source: Crypto Briefing