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Home›ETFs & Funds›Equity Funds›Sachem Head sees 140% upside in Ionic Digital shares a…

Sachem Head sees 140% upside in Ionic Digital shares amid AI pivot

Reported · Written up by our desk · Equity Funds

Activist hedge fund Sachem Head Capital Management sees nearly 140% upside in Ionic Digital as the former bitcoin miner shifts into AI data centre infrastructure, according to a report by Reuters. Sachem Head founder Scott Ferguson told the 13D Monitor Active-Passive Investor Summit in New York that Ionic's shares could rise to $151 from around $63, supported by growing demand for data centre capacity and the company's expansion into infrastructure leasing. Ionic, which emerged from the bankruptcy restructuring of crypto lender Celsius Network, began trading on Nasdaq in July. The company is r

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HedgeweekSachem Head sees 140% upside in Ionic Digital shares amid AI pivot

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