Galaxy Digital Earnings Surprise: GLXY Stock Jumps 8% as Profitability Strengthens

Galaxy Digital reported $8.7 billion in Q3 revenue and gains, $323 million in net income and $455 million in adjusted EBITDA. Adjusted gross profit surged to $569 million from $43 million in the previous quarter. Data center expansion, a 5.7 GW power pipeline and a new $200 million buyback authorization remain key investor focus areas. Galaxy Digital (NASDAQ: GLXY) is drawing investor attention after reporting a sharp rebound in third-quarter profitability, with shares indicated up approximately 8% in premarket trading.

Source: Coinpedia