Galaxy Digital (GLXY) sees some sales on Nasdaq a few months back, a modest hot name, since Galaxy Digital (GLXY), watching an American list of Nasdaq a few months back.
Revenue of global markets rose 28% quarter-over-quartal to $ 55.4 million despite a 22% fall in trading quantities when Galaxy exceeded wider market trends, Medling Kbw said. The company’s average loan book grew to $ 1.1 billion against Peer Coinbases (Coin), which hit $ 879 million.
Assets on Galaxy’s platform rose 27% to $ 8.9 billion, although the adjusted gross profit in asset management dropped 26% due to lower activity on the chain.
As expected, Coreweave also exercised its final opportunity to access another 133 MW calculation on Helios, which brought the site’s overall committed capacity to 800 MW, the report said.
Galaxy accepted separately to acquire 160 hectares of adjacent soil, including a 1GW Sambetrafikbyright, potentially extends Helios’ capacity to 3.5 GW.
The company ended the quarter with $ 2.5 billion in total liquidity, including $ 1.1 billion in cash and stablecoins and $ 1.3 billion in net digital assets. Business debt amounted to $ 1.1 billion.
The company’s digital asset holdings per June 30, 17,102 Bitcoin will include $ 1.8 billion against $ 13,704 Bitcoin worth $ 1.3 billion six months earlier.
The third quarter is starting a strong start, KBW said, with record activity in July, when Galaxy helped facilitate sales of over 80,000 Bitcoin and secured the final Tranche of AI/HPC Compute Capacity in Helios Data Center through a deal with Corewave (CRWV).
Shares are lower by 8% Tuesday, along with a sale in crypto prices, with Bitcoin throwing more than 1% to $ 113,000. The share remains higher by 13% since listing on NASDAQ in May.
Read more: Galaxy placed to capture favorable regulatory upside, says Jefferies as it starts with purchases
