Galaxy Digital Projects $800M-$850M Helios Phase II Revenue Run Rate and Announces $200M Buyback
Galaxy Digital reported strong third-quarter performance, driven by a significant appreciation in its investment portfolio following a 40% increase in Bitcoin's price. CEO Michael Novogratz characterized the quarter as highly successful due to these market tailwinds. Looking ahead, the company provided specific guidance regarding its Helios Phase II project, projecting a leasing revenue run rate of between $800 million and $850 million by 2027. Additionally, Galaxy Digital has authorized a new $200 million share buyback program, signaling confidence in its long-term valuation.
Tickers: $GLXY
Topics: bitcoin earnings investment portfolio quarterly results