SSachem Head Capital Management· Finance · 6 sources · Oct 20, 2026StorySachem Head Sees 140% Upside in IonicActivist hedge fund Sachem Head says Ionic Digital could rise nearly 140% to $151 as the former bitcoin miner pivots to leasing data-center infrastructure amid growing AI demand. Sachem Head, which owns about 9.9% of the company, points to its Texas expansion and a lease serving Microsoft, and may take a more active role in Ionic’s strategy.Finance· Oct 20, 2026+3+31ShareMarcus Bell·Oct 21, 2026Top commentSachem Head's push for Ionic to focus on AI data centers with that Microsoft lease could pay off if they deliver on the Texas plans.ReplyGenius replyShareWrite a comment…