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Galaxy Digital Stock Is Falling After Earnings Miss. Crypto Trading Declined. - Barron's

1. Galaxy Digital reports earnings of 8 cents, missing expectations. 2. Revenue fell to $9.1 billion, below the $13.9 billion forecast. 3. Trading volumes in crypto declined significantly in Q2. 4. CoreWeave commits to using all approved electrical power at Galaxy’s Helios campus. 5. Galaxy anticipates data center revenue generation by early 2026.

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FAQ

Why Bullish?

Despite weak earnings, CoreWeave's commitment boosts Galaxy's long-term growth potential, similar to tech recoveries following investments.

How important is it?

CoreWeave's news directly ties Galaxy's future prospects, signifying strategic growth initiatives.

Why Long Term?

The announcement of new data center capabilities indicates growth, preparing for revenue by 2026.

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