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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/05/2026

Galaxy Digital Q2 Loss Narrows, Shares Drop 5% Despite Data Center Milestone

What happened: Galaxy Digital reported an $85 million net loss for Q2 2026, a significant improvement from its $216 million loss in Q1.

Galaxy Digital Q2 Loss Narrows, Shares Drop 5% Despite Data Center Milestone

What happened: Galaxy Digital reported an $85 million net loss for Q2 2026, a significant improvement from its $216 million loss in Q1. Adjusted diluted loss per share was $0.09, beating analyst estimates. Revenue reached $8.8 billion, missing the $9 billion consensus. The Helios data center delivered its first revenue quarter, with Phase I generating $20 million in adjusted gross profit and a 15-year lease to CoreWeave expected to yield $80 million quarterly from Q3. However, shares fell 5% on the day.

Why it matters: While the narrowing loss and data center ramp-up are positives, investor concerns linger over missed revenue targets, rising debt (now over $6 billion), and the lack of new tenant announcements for the remaining 830 MW of data center capacity. The results highlight the high-stakes transition of crypto firms into digital infrastructure, where execution risk and capital intensity remain high.

Source: CoinDesk, PR Newswire