- Galaxy Digital posts $30.7M Q2 profit driven by digital asset growth and operations.
- Helios data center expansion boosts Galaxy’s AI and HPC capacity to 3.5 gigawatts.
- Galaxy grows AUM to $9B and expands institutional staking through Fireblocks integration.
Galaxy Digital Inc. delivered a strong second quarter, reporting $30.7 million in net income, a gain of $0.08 per diluted share alongside significant expansion of its AI-focused infrastructure. The firm also posted an adjusted EBITDA of $211 million, driven by digital asset appreciation and robust operations.
Digital Assets posted 10% growth in adjusted gross profit over the previous quarter to $71.4 million. Nevertheless, adjusted EBITDA in this segment decreased by a slight margin to $13.0 million because of increased expenses. Treasury & Corporate contributed an adjusted gross profit of $228 million and EBITDA of $198 million, dominated by asset revaluations.
Global Markets posted $55.4 million in adjusted gross profit, up 28% from the previous quarter. This was achieved despite a 22% drop in trading volumes. Galaxy’s loan book grew to $1.1 billion, reflecting ongoing demand and an expanding client base.
AI and HPC Infrastructure Expands Through Helios Campus
Galaxy Digital advanced its AI and high-performance computing ambitions through a major expansion at the Helios data center campus. In Q3, CoreWeave exercised its final option for an additional 133 megawatts of IT capacity. This fulfilled its full 800-megawatt commitment under the 15-year lease terms announced earlier.
Also in this quarter, Galaxy entered into a final purchase contract to acquire 160 acres of land next to the Helios location. This land has a 1-gigawatt load interconnection request, which greatly increases the potential capacity. Upon its completion, the Helios campus will cover 1,500 acres and will have a 3.5 gigawatt power capacity.
Construction at Helios remains on schedule with key demolition work completed for Phase I. Site work continues to install critical electrical and backup infrastructure. Galaxy expects to start generating data center revenue in the first half of 2026 upon operational delivery to CoreWeave.
Asset Management and Strategic Blockchain Moves
Asset Management and Infrastructure Solutions reported an adjusted gross profit of $16 million, which is 26% less compared to Q1. This drop was after a decline in the validator profits due to less on-chain action in the industry. In spite of the reduction, assets under management and stake increased to $9 billion at Galaxy.
Increasing prices of digital assets and net flows into Galaxy asset management products propelled this 27% increase. Following the quarter, Galaxy expanded access to its staking services through integration with Fireblocks. It was its third custodial integration in 2025 and managed to reinforce its institutional network.
The Blockchain Infrastructure team at Galaxy implemented a scale-out strategy of services across additional custodians to manage increased demand. The company seeks to empower broader institutional involvement in staking in major protocols. These initiatives are in line with Galaxy’s overall digital assets strategy.
Related: Galaxy Digital Sells $9B in BTC from Satoshi-Era Wallet
Digital Assets Trading and Strategic Advisory Role
Trading volumes in digital assets declined by 22% in Q2, following a wider 30% reduction in spot trading across the market. Although its performance dipped, Galaxy continued to deliver better relative performance and increased its margin lending presence. Its average loan book size also rose, indicating that it was still contending with liquidity demand.
During the quarter, the Investment Banking division of Galaxy executed a spot transaction. The group served as an exclusive adviser to Bitstamp in its sale to Robinhood. The transaction also reaffirmed Galaxy’s role as a strategic advisor in the digital asset market.
These programs indicate how Galaxy is coordinated in trading, advisory, asset management, and infrastructure. The company is also focused on expanding its ecosystem in the backdrop of high digital and AI-powered transformation.
