In the first quarter of 2024, Galaxy Digital saw a significant boost in net income, climbing by 40% to reach $422 million.

This surge was fueled by exceptional performance in both mining operations and management fees.

Mining revenue reached a record-breaking $31.5 million, driven by an expansion in mining capacity to 5.7 exahashes per second.

Additionally, management and performance fees soared to $17.8 million, marking a remarkable 113% increase from the previous quarter.

With assets under management hitting approximately $7.8 billion and equity capital rising to $2.2 billion, Galaxy Digital is poised for further growth and expansion.