Galaxy Digital (GLXY) Stock: Falls Over 13% as Q2 Net Loss Overshadows AI Data Center Growth

TLDR

• Galaxy Digital stock dropped more than 13% after reporting an $85 million second-quarter net loss.
• Helios Phase I generated its first revenue and is expected to deliver $80 million quarterly from Q3.
• Digital assets adjusted gross profit rose 34% despite a 7% decline in trading volume.
• Galaxy raised $3.5 billion to fund Helios Phase II and expanded its AI pipeline to 5.7 GW.
• CEO Mike Novogratz said the Helios campus is now generating cash flow as leasing discussions continue.

Galaxy Digital (GLXY) shares fell more than 13% after the company reported second-quarter results that included an $85 million net loss. Despite weaker digital asset prices, the company posted stronger operating performance and generated revenue from its Helios data center business for the first time.

Source: KnockOutStocks

Galaxy Reports Narrower Loss as Digital Assets Business Improves

Galaxy Digital reported an $85 million net loss for the second quarter, improving from a $216 million loss in the previous quarter. The adjusted diluted loss narrowed to $0.09 per share from $0.49, beating analyst expectations of a $0.28 loss per share.

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