Galaxy Digital Returns to Profit With $323 Million in Third-Quarter Net Income
Photo: TokenPost
Galaxy Digital reported $323 million in third-quarter net income, returning to profitability after a prior-quarter loss and marking a sharp turnaround in its latest earnings. The company posted $455 million in adjusted EBITDA. Total assets increased 51% from the previous quarter to $16.4 billion, while cash, stablecoins and Treasury holdings nearly doubled to $4.9 billion. Digital-asset trading volume grew 12% quarter over quarter. Assets under management and staking climbed 46% to $10.4 billion. The data center business generated $69 million in adjusted EBITDA, nearly five times the prior quarter.
Source: TokenPost
