A modestly hot name since he obtained an American list on the NASDAQ a few months ago, Galaxy Digital (GLXY) sees sales after having published the second quarter results on Tuesday morning.
Global market turnover has increased 28% over the quarter to 55.4 million dollars despite a 22% drop in negotiation volumes, as Galaxy has outperformed larger market trends, KBW brokerage said. The company’s average loan book increased to $ 1.1 billion against Peer Coinbase (Coin) reaching $ 879 million.
Assets on the Galaxy platform increased by 27% to 8.9 billion dollars, although the gross adjusted profit for the management of assets has dropped by 26% due to the drop in activity on the chain.
As expected, Coreweave also exercised its latest option to access an additional calculation of 133 MW at Helios, bringing the total capacity of the site to 800 MW, depending on the report.
Galaxy agreed separately to acquire 160 acres of adjacent land, including a 1GW interconnection request, potentially extending 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 $ 1.3 billion in net digital assets. Business debt amounted to $ 1.1 billion.
On June 30, the company’s digital assets included 17,102 Bitcoin evaluated at $ 1.8 billion against 13,704 bitcoin evaluated at $ 1.3 billion six months earlier.
The third quarter left, said KBW, with record activity in July while Galaxy helped facilitate the sale of more than 80,000 Bitcoin and obtained the final section of AI / HPC calculation capacity in its Helios data center thanks to an agreement with Coreweave (CRWV).
Actions are 8% lower Tuesday alongside a sale of cryptography prices, Bitcoin deducting more than 1% at $ 113,000. The stock remains higher by 13% since registration on the NASDAQ in May.
Read more: Galaxy positioned to capture the favorable regulatory increase, says Jefferies as she initiates with the purchase
