- Galaxy Digital reported record $505M profit, up 1,546% quarter-over-quarter.
- Helios AI data center project drives growth, backed by $1.9B cash reserves.
- Galaxy stock remains up 330% since April amid investor optimism.
Galaxy Digital has delivered the strongest quarter in its history, posting a 1,546% surge in profit to $505 million, fueled by record trading activity and early success in its artificial intelligence (AI) infrastructure expansion. Core earnings nearly tripled to $629 million from $211 million in the prior quarter, while total assets rose 27% to $11.5 billion, according to Tuesday’s report.
Founder and CEO Mike Novogratz said the results represent the culmination of eight years of building both digital-asset and infrastructure capabilities. “We’re half a data-center company and half a digital-assets company,” he told investors. “Helios is the cornerstone of our future.”
Helios: From Bitcoin Mining to AI Powerhouse
The company’s Helios campus in Texas, once one of North America’s largest Bitcoin mining sites, is being transformed into a high-performance AI data center under a long-term lease with CoreWeave. Galaxy recently secured $1.4 billion in project financing for the first phase of the build and raised another $460 million this month to speed up the conversion.
The timing couldn’t be better. Last week’s $40 billion BlackRock–Nvidia acquisition of Aligned Data Centers underscored the rising value of power-rich infrastructure, validating Galaxy’s pivot from crypto mining to AI computing.
Trading Strength and Treasury Gains Drive Growth
Galaxy’s digital assets division generated $318 million in adjusted gross profit, boosted by a 140% increase in trading volumes and a $9 billion Bitcoin transaction for an institutional client. The firm also added $4.5 billion in new asset-management inflows, pushing total platform assets to $17 billion.
CFO Chris Ferraro described it as “a breakout quarter,” highlighting record performance across trading, investments, and the Helios project. Analysts echoed the sentiment — Cantor Fitzgerald raised its price target to $53, calling the company “fully funded and strategically aligned with CoreWeave’s growth.”
The Road Ahead
Galaxy ended the quarter with $1.9 billion in cash and stablecoins and $3.2 billion in total equity. Revenue from the Helios facility is expected to begin in early 2026, marking the next phase of Galaxy’s evolution — bridging digital finance and AI infrastructure.
Also Read: Apple iPhone Air: Ultra-Thin 6.6-Inch iPhone with A19 Pro Chip and 48MP Camera
Shares of Galaxy briefly touched a record $44.30 after the results and remain up over 330% since April, underscoring growing investor confidence in its strategic shift.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
