Galaxy Digital Reports Q3 2026 Profitability Driven by Digital Assets and Data Center Expansion
Galaxy Digital (GLXY) returned to profitability in the third quarter of 2026, reporting a net income of $323 million compared to an $85 million loss in the previous quarter. The turnaround was driven by increased client activity in digital assets and the commencement of leasing revenue from its Helios Phase I data center. Adjusted EBITDA rose significantly to $455 million, up from a negative $77 million in Q2. The company is aggressively expanding its infrastructure footprint, with $757 million in capital expenditures directed toward Helios Phase II construction. Beyond digital assets, Galaxy is positioning itself as an AI infrastructure provider, having deployed $80 million into 11 technology portfolio companies. Despite upcoming debt maturities of $445 million in December 2026, management maintains a strong liquidity position with $4.9 billion in cash and stablecoins.
Tickers: $GLXY
Topics: Adjusted EBITDA AUM Growth Capital Expenditures Data Center Expansion Digital Assets Net Income