Galaxy Digital Swings to $323M Q3 Profit as Data Center EBITDA Jumps Fivefold
GLXY sits 19% above its 52-week low of $14.185.
Summary
Galaxy flipped from an $85 million loss in Q2 to $323 million of net income in Q3, with adjusted EBITDA of $455 million. Total assets rose 51% quarter over quarter to $16.4 billion, and cash, stablecoins and Treasuries nearly doubled to $4.9 billion — a big liquidity cushion after the Q2 crypto drawdown that drove the prior loss. The data center arm is the standout: adjusted EBITDA there jumped nearly fivefold to $69 million on the first full quarter of Helios Phase I delivering 133 MW to CoreWeave. Phase II is fully financed and under construction, backed by $3.5 billion in senior secured notes, with deliveries expected to begin in Q2 2027; the power pipeline now exceeds 5.7 GW. Trading volume grew 12% quarter over quarter, beating the spot market, and AUM plus staking rose 46% to $10.4 billion. They also finished the $200 million buyback on October 15 (about 9.8 million shares) and the board authorized another $200 million on October 26.
At the time of this announcement, GLXY was trading at $16.91 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $6.6B. The 52-week trading range was $14.19 to $41.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.