Ionic Digital Inc. (Nasdaq: IOND) said the Electric Reliability Council of Texas (ERCOT) has provisionally classified its 466 megawatt (MW) energization request as Base Load in the Batch Zero process, according to a press release.

Texas-New Mexico Power (TNMP), the transmission service provider for Ionic Digital's Ward County campus, relayed the classification to the company. The 466 MW tranche represents the remaining portion needed to bring the Ward County campus to its full aggregate demand of 700 MW.

The company said it targets energization of the final tranche by the end of 2027.

The classification remains provisional and is subject to ERCOT's ongoing verification, audit process, and final classification determination, with oversight by the Public Utility Commission of Texas (PUCT).