A modestly hot name since he obtained a list of the USA. In Nasdaq a few months ago, Galaxy Digital (GLXY) is seeing some sell after publishing profits from the second quarter on Tuesday morning.
The income of global markets increased by 28% quarter to quarterly to $ 55.4 million despite a 22% decrease in negotiation volumes, since Galaxy exceeded the wider market trends, said KBW runner. The firm’s average loan book grew to $ 1.1 billion against pairs (coins) that reached $ 879 million.
Assets on the Galaxy platform increased 27% to $ 8.9 billion, although the gross benefit adjusted in asset management fell by 26% due to a lower activity in the chain.
As expected, Coreweave also exercised its final option to access additional computation 133MW in Helios, carrying the total committed capacity of the site to 800MW, according to the report.
Galaxy agreed separately acquiring 160 acres of adjacent land, including a 1GW interconnection application, which potentially expands the capacity of Helios to 3.5GW.
The company ended the quarter with $ 2.5 billion in total liquidity, including $ 1.1 billion in cash and stablcoins, and $ 1.3 billion in net digital assets. The corporate debt was $ 1.1 billion.
Digital assets of the company as of June 30 include 17,102 bitcoin valued at $ 1.8 billion versus 13,704 bitcoin valued at $ 1.3 billion six months before.
The third quarter has a strong start, Kbw said, with record activity in July, since Galaxy helped to facilitate the sale of more than 80,000 bitcoin and secured the final stretch of the AI/HPC computing capacity in its helioste’s data center through an agreement with Coreweave (CRWV).
The shares are lower by 8% on Tuesday along with a sale of cryptography prices, with Bitcoin that rule out more than 1% to $ 113,000. The action is still higher by 13% since it is listed in Nasdaq in May.
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