- Galaxy Digital (GLXY) shares rose 4.4% after the company reported $323 million in Q3 2026 net income.
- Galaxy Digital posted $454.7 million in adjusted EBITDA, reversing a second-quarter loss of $77.3 million.
- The company’s data center business generated $68.7 million in adjusted EBITDA as its Helios campus expanded revenue-generating operations.
Galaxy Digital shares gained 4.4% in trading on Tuesday. This rise followed the company’s report of $322.8 million in net income. Galaxy Digital shares had previously posted an $85.3 million loss in the last quarter.
Galaxy Digital shares reported $454.7 million in adjusted EBITDA for the three months ended September 30. This compares with a loss of $77.3 million in the quarter. Adjusted gross profit for Galaxy Digital shares climbed to $569.3 million from $43.4 million quarter over quarter.
This morning Galaxy (Nasdaq: $GLXY) reported third quarter 2026 results. See below for Q3 highlights.
Read the full release: https://t.co/75himgKg13 https://t.co/DqFIJYYbRn
— Galaxy (@galaxyhq) October 27, 2026
Galaxy Digital shares traded at $16.37 on October 27, up 69 cents, from Monday’s closing price of $15.68, according to Yahoo Finance data. However, the available trading data does not confirm that the earnings announcement alone drove the stock’s advance.
Investment Gains & Data Center Growth Boost Earnings
Galaxy’s Treasury and Corporate segment was the performer in the quarter, driving strong profitability with $418.9 million in adjusted gross profit and $395 million in adjusted EBITDA. Growth in the investment portfolio contributed to the segment’s results.
Source: Galaxy.com
The Data Centers business also showed improvement, reporting $79.1 million in adjusted gross profit and $68.7 million in adjusted EBITDA. These numbers marked an increase compared to the previous quarter.
Galaxy’s Helios I campus saw progress thanks to the CoreWeave agreement. The first-phase lease, which includes 133 megawatts of capacity, generated revenue throughout the quarter. Construction on Helios I Phase II is moving forward as planned with data hall deliveries expected to start in the quarter of 2027.
The company’s total gross power pipeline now stands at more than 5.7 gigawatts. This reflects Galaxy’s focus and expansion into infrastructure, for artificial intelligence and high-performance computing.
Digital Asset Trading Volumes Rise 12%
Galaxy’s digital asset trading volumes increased 12% from the second quarter, despite declining broader spot market volumes. Its average loan book expanded 27% to $1.8 billion, supported by demand for financing products and other lending activity.
Assets under management and assets under stake reached a combined $10.4 billion at the end of September, up 46% quarter over quarter. Galaxy also reported $4.9 billion in combined cash, stablecoins, and US Treasuries, alongside approximately $3 billion in total equity.
Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV
You need to login in order to Like
Leave a comment