Galaxy Reports $323 Million Net Income Driven by Data Center Leasing and Digital Asset Growth
Galaxy (GLXY) reported a net income of $323 million during its third-quarter 2026 earnings call, fueled by the expansion of its digital asset operations and data center leasing. A significant driver of this stability is the Helios data center campus in Texas, which currently generates approximately $80 million in quarterly leasing revenue from Phase I. Management expects to scale this annualized run rate to between $80 million and $150 million as Phase II comes online in 2027. The company is prioritizing capital discipline, evidenced by a strategic delay in phase two lease signings to optimize terms and an additional $200 million share repurchase program. With assets under stake growing 64% to $4.6 billion and a liquidity position of $4.9 billion across cash, stablecoins, and treasury bills, Galaxy is positioning itself as a core infrastructure provider for the transition toward on-chain financial architecture.
Tickers: $GLXY
Topics: data center leasing digital assets net income share repurchase
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Part of the story Galaxy Reports $323 Million Net Income Driven by Data Center Leasing and Digital Asset Growth (2 articles)