Galaxy Digital(NASDAQ) GLXY

Galaxy Digital Inc. helps institutional investors and businesses manage and trade digital assets like bitcoin. The company also builds high-performance computing infrastructure for artificial intelligence and other data-heavy technologies. These services help clients connect traditional financial markets with the evolving digital economy.

What Does Galaxy Do?

• Global Markets: Over-the-counter trading, which occurs directly between parties, and lending services; digital asset sales of bitcoin, ether, and tether made up 87% of these sales for the three-month period ended June 30, 2026.
• Asset Management: Management of investment funds and blockchain tools like staking, which involves participating in network maintenance for rewards; platform assets reached $7.6 billion as of June 30, 2026.
• Data Centers: High-performance computing facilities, such as the Helios campus, designed for artificial intelligence and large-scale data tasks.
• Treasury and Corporate: Management of proprietary investments in digital assets and venture capital alongside bitcoin mining operations, which use computers to secure blockchain networks.

Key Steps in Business Growth

• Acquired the Helios bitcoin mining facility and its operations in Dec. 2022 to expand infrastructure capacity.
• Completed the purchase of GK8, a provider of secure custody technology, in Feb. 2023 to support institutional services.
• Acquired CMF, a blockchain node operator, in July 2024 to provide services for decentralized protocols.
• Entered a 15-year lease agreement with CoreWeave in April 2025 to provide specialized computing power for artificial intelligence.

Computing Power at Scale

Galaxy operates the Helios campus in West Texas, where it has approval for over 1.6 gigawatts of gross power capacity. The company serves approximately 1,700 trading counterparties across both crypto-native and traditional financial markets.

Recent Performance Metrics

• Net loss was $85.3 million for the three-month period ended June 30, 2026.
• Non-GAAP adjusted EBITDA was negative $77.3 million for the three-month period ended June 30, 2026.
• Cash and stablecoin holdings totaled $2.5 billion as of June 30, 2026.
• Property and equipment assets reached $2.2 billion as of June 30, 2026, a 56% increase from Dec. 31, 2025.
• Market capitalization was $5.3 billion in the second quarter of 2026, up 68.3% year over year.

Bottom Line

Galaxy has transitioned from a digital asset firm into a dual-purpose infrastructure provider for blockchain and high-performance computing. This expansion helps the company meet rising demand for both crypto-finance and artificial intelligence resources.