Galaxy Digital Q2 Net Loss Shrinks 60% to $85M as Data Centers Turn Profitable

Galaxy Digital reports $85.31M Q2 net loss, down from Q1, with data centers posting first-ever profits. AUM drops 12%, but new $3.5B debt issuance and Texas site acquisitions signal aggressive infrastructure expansion.

Woofun AI reports that Galaxy Digital recorded a net loss of $85.31 million for the second quarter of 2026, a significant improvement from the $216.3 million loss in the prior quarter, driven by digital asset price fluctuations. Adjusted EBITDA stood at negative $77.26 million, while total equity reached $2.72 billion, supported by $2.459 billion in cash and stablecoins. The digital assets division achieved an adjusted gross profit of $65.71 million, up 34% quarter-over-quarter, serving 1,741 counterparties with an average loan balance of $1.438 billion. The company also introduced an OTC forecasting market product for institutional hedging strategies.

The data center segment generated its first quarterly profit, reporting an adjusted gross profit of $20.14 million and adjusted EBITDA of $11.49 million. The Helios data center phase one, with 133 MW capacity, was fully delivered to CoreWeave, expected to yield $80 million in quarterly rental income starting in the third quarter with over 90% EBITDA margins. Post-quarter, Galaxy issued $3.5 billion in senior secured notes to fund Helios phase two and acquired three Texas sites totaling 2.1 GW potential capacity, raising total power capacity above 5.7 GW.

Additionally, the firm launched the Galaxy Fintech Fund, partnered with State Street on the SWEEP tokenized fund, and signed a staking services agreement with BNY.