Galaxy Digital filed an OCC application to create Galaxy National Bank, a federally regulated trust bank. If approved, it would centralize custody, trading, and staking under a single framework and leverage existing licenses, potentially expanding institutional reach. Approval timing is uncertain, so the near-term upside hinges on regulatory outcomes and terms.
Galaxy Digital reported Q3 adjusted EPS of $0.83, ahead of estimates, while revenue was $8.69B versus $11.44B expected. Profit largely stemmed from Treasury/Crypto assets and the Data Centers segment, with Helios I Phase I delivering 133 MW to CoreWeave. The firm also authorized a $200M buyback and grew its data-center pipeline to over 5.7 GW, supporting a near-term upbeat stance.
Galaxy Digital rose alongside Bitcoin amid broader crypto strength. The move followed two key developments: platforms expanding into prediction markets and the OCC finalizing the GENIUS Act stablecoin rule. GLXY’s emphasis on active BTC trading and a large OTC desk suggests a leverage point for upside if crypto liquidity persists and regulatory clarity improves.
Citigroup's upgrade to Buy with a $28 target emphasizes improving economics from Galaxy Digital's Helios data-center ambitions. The company just completed a $3.5 billion notes offering to fund Helios I, Phase II, and posted 133 MW of IT delivery to CoreWeave in Q2 2026, signaling stronger near-term visibility amid a crypto rebound.
Galaxy Digital shares rose as investors digest a Q2 revenue miss while evaluating the company's push into AI data center capacity and forward leasing momentum. The pivotal question is whether the AI infrastructure push can lift profitable growth and cash flow, given a quarterly miss and the time required to scale datacenter capacity and leases.
Galaxy Digital Inc. (GLXY) saw its shares decline following the latest earnings report, as investor sentiment softened amidst a broader market downturn. Major indices fell by 2.20%, leading to a cautious approach from traders focused on growth-heavy stocks, which may weigh further on GLXY in the near term.