Quarterly ResultAug 5, 2026, 07:07 AM
Galaxy Digital Expands Data Centers, Reports Q2 Net Loss $(85)M
AI Summary
Galaxy Digital reported a Q2 2026 net loss of $(85) million and diluted EPS of $(0.09), primarily due to digital asset price depreciation. Despite the loss, the company announced significant strategic expansions, including the acquisition of three new data center sites in Texas, increasing its total power pipeline to over 5.7 GW. Galaxy also completed a $3.5 billion senior secured notes offering to fund its Helios data center expansion and entered a multi-year agreement with BNY for digital asset infrastructure.
Key Highlights
- Acquired three new Texas data center sites, expanding power pipeline to over 5.7 GW.
- Completed $3.5 billion senior secured notes offering for Helios Phase II construction.
- Partnered with BNY for digital asset infrastructure and staking support.
- Reported Q2 2026 net loss of $(85) million and diluted EPS of $(0.09).
- Data Centers segment generated $20 million adjusted gross profit and $11 million adjusted EBITDA.
- Total equity stood at $2.7 billion, with $2.5 billion in cash and stablecoins.
- Delivered Phase I of Helios data center to CoreWeave, expecting $80M quarterly revenue.
Price Impact
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