TLDR
- Galaxy Digital earns $505M in Q3, stock jumps 7.39% on bullish outlook.
- Digital asset profits, record trading, and AI data center deals fuel gains.
- Galaxy secures $1.4B to fully fund Helios data center’s first phase.
- Net income skyrockets 1,546%, backed by strong crypto and banking growth.
- Galaxy’s staking, ETFs, and AI infra push firm to $29.2B in gross revenue.
Galaxy Digital(GLXY) shares surged 7.39% to close at $42.58, following the release of its strong Q3 2025 results.
Galaxy Digital, GLXY
The company reported $505 million in net income and a major financing deal for its data center expansion. This sharp gain followed early intraday volatility, ending the session with strong upward momentum.
Digital Assets Performance Powers Q3 Gains
Galaxy Digital’s Digital Assets business reported $318 million in adjusted gross profit and $250 million in adjusted EBITDA for Q3 2025. The Global Markets segment posted record activity, including a $9 billion notional bitcoin sale and rising trading volumes. Trading counterparties rose to 1,532, while average loan book size climbed 60% to $1.8 billion.
The quarter’s 432% surge in Global Markets adjusted gross profit marked a sharp improvement from $55.4 million to $295 million. Fee revenue from investment banking also increased, supported by major advisory roles in Forward Industries and Coin Metrics deals. Digital asset trading volumes jumped 140%, far outpacing broader industry growth.
Galaxy expanded its staking operations and secured long-term digital asset treasury mandates worth over $4.5 billion. The Asset Management and Infrastructure Solutions unit delivered $23.2 million in adjusted gross profit, up 44% from Q2. ETF assets grew 17% to $3.9 billion, while alternatives more than doubled to $4.9 billion.
Helios Data Center Expansion Receives Full Funding
Galaxy secured a $1.4 billion project financing facility for Phase I of its Helios data center campus. This funding fully supports the $1.7 billion build, ensuring timely delivery of 133 MW capacity by mid-2026. The facility’s development is now on track to support artificial intelligence and HPC clients, including CoreWeave.
The company also executed a lease with CoreWeave for Phase II, locking in commitments for all 800 MW of available capacity. Galaxy expanded the Helios site through strategic land acquisitions, increasing its potential future power capacity to 2.7 GW. These developments position Galaxy as a long-term infrastructure provider in the digital and AI space.
Revenue from Helios is expected to begin in the first half of 2026, aligning with delivery timelines. The combined Phase I, II, and III builds will support 526 MW of critical IT load. The firm projects over $1 billion in average annual revenue from the data center campus when fully operational.
Record Net Income and Strong Balance Sheet
Galaxy ended Q3 with $505 million in net income, a 1,546% increase from the previous quarter. Adjusted EBITDA surged 198% to $629 million, supported by strong performance across all business lines. The firm’s total equity rose 21% to $3.2 billion, reflecting robust growth.
Cash and stablecoins jumped 62% to $1.9 billion, while net digital assets and investments climbed 14% to $2.1 billion. Gross revenues reached $29.2 billion, driven by broad participation in the digital asset market and asset appreciation. Despite high transaction expenses, profit margins remained firm due to scale and volume.
Galaxy allocated equity capital across three divisions: 40% to Digital Assets, 25% to Data Centers, and 35% to Treasury & Corporate. The firm’s diversified exposure includes BTC, ETH, and SOL holdings, along with ETFs and venture investments. These results underscore Galaxy’s strong market positioning heading into 2026.
