Galaxy Digital Reports Strong Q3 2026 Results Driven by Digital Assets and Data Centers
Galaxy Digital Inc. (Nasdaq: GLXY) reported a significant financial turnaround for the third quarter of 2026, posting a net income of $323 million compared to an $85 million loss in the previous quarter. The company's performance was bolstered by its digital assets franchise and substantial growth in its data center business, which saw adjusted EBITDA surge nearly 500% quarter-over-quarter. The firm is aggressively expanding its infrastructure, reporting a gross power pipeline of over 5.7 GW for its data centers and completing a $3.5 billion senior secured notes offering to fund the Helios I, Phase II construction. To drive shareholder value, Galaxy has repurchased 9.8 million shares year-to-date and received board approval for an additional $200 million share repurchase program.
Tickers: $GLXY
Topics: AI infrastructure digital assets financial results net income share repurchase
Read the full article at PR Newswire
Part of the story Galaxy Digital Reports Strong Q3 2026 Results Driven by Digital Assets and Data Centers (10 articles)