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Sachem Head Sees 140% Upside in Ionic
Activist 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 · 6 sources · Oct 21, 2026Read itThe journal
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About Sachem Head Capital Management
Sachem Head Capital Management is an American value-oriented investment management firm based in New York City, managed by Scott Ferguson.
Everything about Sachem Head Capital Management →- Inception
- 2012