Galaxy posts US$85M Q2 loss

• Galaxy Digital reported a US$85 million Q2 2026 net loss as digital asset prices declined during the quarter.
• Revenue fell 15% quarter-on-quarter to US$8.7 billion, below analysts’ US$12.7 billion consensus estimate.
• Galaxy is expanding AI data centres, where adjusted gross profit reached US$20 million during the quarter.

Galaxy Digital reported a US$85 million Q2 net loss, mainly attributing the result to falling digital asset prices.

Revenue fell 15% from US$10.2 billion in Q1 to US$8.7 billion, below analysts’ US$12.7 billion consensus forecast.

Galaxy said the results demonstrate that its earnings are “becoming less dependent on the direction of digital asset prices.”

Digital assets generated US$66 million adjusted gross profit, while AI data centres contributed another US$20 million during the quarter.

Following the announcement, the Galaxy share price was down 6.2% in premarket trading at US$20.70.

Galaxy completed 200 MW of gross power delivery at its Helios data centre under its 15-year CoreWeave agreement.

Galaxy also expanded its Texas data centre pipeline beyond 5.7 GW after securing three additional development sites following quarter-end.