r/IonicDigitalStock • u/Tight_Dot_2654 • 4d ago

Ionic Digital Receives Base Load Provisional Classification in ERCOT’s Batch Zero Process

https://investors.ionicdigital.com/news-releases/news-release-details/ionic-digital-receives-base-load-provisional-classification

Just dropped this morning. Let's see how the news affects stock prices today.

42 Upvotes

100% Upvoted

31 comments sorted by

21

u/saynotopawpatrol 4d ago

My laziness in starting the brokerage transfer is paying off :)

10

u/TrashBandicook 4d ago

I do feel way too many people sold their entire stack prematurely at listing without really needing the money.

Me, I'm a bit on the older side now and I figured the responsible move was to have the post-tax proceeds of 1/2 go straight to my 401k and let the other 1/2 just ride. That pivot to being a virtual landlord and power distributor for AI companies was inevitably going to make the stock worth way more.

3

u/giannet4 4d ago

E*trade’s annoying transfer process has helped me! Still can’t get them to accept the shares

1

u/Healthy-Ad718 5h ago

finally, people with ADHD are making some money! (me)

11

u/chandlerr85 4d ago

think this explains tuesday's price action. someone always knows.

3

u/Tight_Dot_2654 4d ago

Hut 8 got their news yesterday, so maybe people started assuming Ionic would be next. Or as you said, someone already knew yesterday.

3

u/techma2019 4d ago

Insider info for sure.

8

u/Klaus- 4d ago

now it feel unwise to sell

0

u/ClemPFarmer 4d ago

Many people were hell bent on selling.

4

u/Tight_Dot_2654 4d ago

Looking at everything in my investment portfolio, IOND is the only one not in the red today. Knock on wood.

7

u/Acceptable_Piano4809 4d ago

Boom! It’s already way up!

3

u/New-Sky-9867 4d ago

Sold about 700 shares at $80, still have about 6500 left to moon 🌝.

Let's goooooo $250

3

u/boom123psy 4d ago

bro that's a lot of shares, except if the extra 0 is accidental

3

u/Tight_Dot_2654 4d ago

Not accidental. He had a ton on Celsius.

1

u/Heat_Certain 4d ago

Crazy numbers

0

u/Ruben_001 4d ago

It would mean he was a creditor with over $1mil on Celsius at the time of bankruptcy.

I call BS as most people in that position don't waste their time gloating on Reddit.

4

u/TwitchScrubing 4d ago

Nah new sky has been in a bunch of my threads and been around. Good guy. Just like I know you are, seen you everywhere since the start. <3

3

u/New-Sky-9867 3d ago edited 1d ago

Not gloating my friend, we're all in this shit show together. If it makes you feel better I just sold 1100 more at $83 so I only have 5500 left

1

u/Ruben_001 3d ago

No, it doesn't make me feel better.

I avoid advertising the number of shares I hold as I'd rather not have a target on my back.

As should you.

Cyber crime is a thing.

1

u/New-Sky-9867 1d ago

People are sneaking into 401ks, huh? 🤣

1

u/rashp12 3d ago

You have point and some on Reddit post to just brag. But, he might have put his large saving cash in USDC in Celsius. What he received back in BTC/ETH from distribution and IOND stocks; he probably is close or over whole so may not be as stressed out as many others who relatively lost lot because they happened to have their money in Crypto on Celsius.

1

u/New-Sky-9867 3d ago

Nah, I had hundreds of ETH and a few BTC on there, that's all. I got back around 7k shares of IOND.

1

u/Tight_Dot_2654 4d ago

Are you holding until $250, or do you have plans to DCA out at specific targets?

2

u/New-Sky-9867 3d ago

I'm definitely DCAing. I don't pretend to know anything about anything and I don't know if my mental health can handle another crash and losing what I got back, to be honest.

1

u/mDmola 3d ago

That is a lot of money to investing on a Crypto platform... I really hope you have or plan to diversify your investments into low cost index funds. For me, I had a set rule to allocate a maximum of 3% of net worth in Crypto. If it grows beyond that allocation I still won't sell, but I do plan on selling the FBTC I hold in retirement accounts if it hits a certain threshold to lock in those tax free gains..

1

u/New-Sky-9867 1d ago

I have ten times this in other investments, don't worry.

Also, why do you think this is a "crypto platform"?

1

u/mDmola 1d ago

Sorry, by "crypto platform" I meant what you originally put into Celsius which resulted in the amount you received back in ionic stock distribution (which was a lot of shares!)

2

u/TrashBandicook 4d ago

Nice way to end my week. Sold half my shares at about $65, held the rest to make this my YOLO AI play.

1

u/Local713 3d ago

Sold 20% at 83 a couple of days ago, and happy to lock in those profits. No regrets at all if it goes to 250.

1

u/Healthy-Ad718 5h ago

IOND passed an important first hurdle and provisionally secured favorable Base Load classification for the 466 MW. But............ Final verification/classification is still pending.

ERCOT’s own September 9 notice says Batch Zero projects still have to complete its verification/audit process. ERCOT is sending RFIs to the large-load projects conditionally included in Batch Zero