Galaxy Digital reviews $505M revenue surge, up 1,546%, as Helios AI campus growth and buying and selling good points drive report quarter.
Galaxy Digital reported a record-breaking quarter with earnings rising by 1,546% to $505 million.
The surge was pushed by elevated buying and selling quantity, treasury good points, and ongoing progress in its AI infrastructure undertaking, Helios. The corporate additionally noticed robust inflows into its asset administration division, pushing platform belongings to $17 billion.
AI Infrastructure Boosts Galaxy’s Strategic Progress
Galaxy’s 800-megawatt Helios facility in Texas, beforehand one of many largest bitcoin mining websites in North America, is now being repurposed for synthetic intelligence workloads. The positioning has been totally leased to CoreWeave, which can use the ability for high-performance AI computing.
To fund the buildout, Galaxy secured $1.4 billion in undertaking financing and later raised a further $460 million to speed up building. CEO Mike Novogratz described Helios as the corporate’s “cornerstone” for future progress, emphasizing its shift towards AI-compute infrastructure.
This strategic pivot gained validation after BlackRock and Nvidia acquired Aligned Information Facilities for $40 billion, setting a brand new benchmark for information middle valuation and spotlighting the shift from crypto mining to AI.
Sturdy Buying and selling and Asset Administration Drive Outcomes
Galaxy’s buying and selling division posted $318 million in adjusted gross revenue in the course of the quarter. Buying and selling quantity rose 140%, with a $9 billion bitcoin transaction accomplished for one shopper.
The agency’s asset administration arm added $4.5 billion in new treasury mandates. Complete platform belongings rose to $17 billion. Core earnings reached $629 million, almost tripling from $211 million within the earlier quarter.
CFO Chris Ferraro described the interval as a “breakout quarter” throughout buying and selling, funding, and infrastructure. Galaxy ended the quarter with $1.9 billion in money and stablecoins, and complete fairness of $3.2 billion.
Share Efficiency and Analyst Outlook
Following the earnings launch, Galaxy’s shares reached a report excessive of $44.30 earlier than settling at round $42. Regardless of the pullback, the inventory stays up greater than 330% since April, when it traded under $10.
Analysts responded positively to the corporate’s outcomes. Cantor Fitzgerald raised its worth goal to $53 and maintained a buy-equivalent ranking.
Analyst Brett Knoblauch famous, “Galaxy is working on all cylinders,” including that the Helios undertaking is “totally funded and strategically aligned with CoreWeave’s progress.”
📊 Galaxy Digital – Cantor Fitzgerald (Brett Knoblauch) | Value Goal: $45 | Oct 6, 2025
Galaxy launched GalaxyOne, a brand new retail platform providing $4% APY insured money deposits, $8% yield notes for accredited traders, inventory and ETF buying and selling, and crypto entry for $BTC, $ETH,… pic.twitter.com/arFfzWO8vu
— Hannibal (@0xhannibal) October 8, 2025
The mix of rising earnings, a rising treasury enterprise, and early AI infrastructure income indicators Galaxy’s ongoing growth into new sectors, mixing crypto with rising compute demand.