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· Oct 20, 2026

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Scott Ferguson

Canadian ice hockey defenceman

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Scott Ferguson· Finance · 6 sources · Oct 20, 2026Story

Sachem Head Sees 140% Upside in Ionic

Finance· Oct 20, 2026

Facts from Wikidata (CC0). Image by TheAHL via Wikimedia Commons (CC BY 2.0).

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About Scott Ferguson

Scott Ferguson is a Canadian Métis former professional ice hockey defenceman who played in the National Hockey League (NHL) with the Edmonton Oilers, Mighty Ducks of Anaheim and Minnesota Wild.

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Occupation: ice hockey player
Citizenship: Canada
Born: January 6, 1973

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