🔍Market Summery

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GLXY Stock Slides After Galaxy Digital Posts $85M Q2 Loss On Crypto Slump Despite First Data Center Profit

GLXY Stock Slides After Galaxy Digital Posts $85M Q2 Loss On Crypto Slump Despite First Data Center Profit

Galaxy Digital (GLXY) shares dropped in Wednesday morning trading after the firm reported a second-quarter (Q2) net loss of $85 million, swinging from a $31 million profit a year earlier.The decline in price came soon after the Mike Novogratz-led firm posted adjusted loss per share of $0.09, 68% hig…

Galaxy Digital posts Q2 net loss

Galaxy Digital posts Q2 net loss

OverviewUS digital asset and data center operator reported Q2 net loss, driven by digital asset price declinesCompany expanded Texas data center footprint with three new site acquisitions after quarter-endCompleted $3.5 bln senior secured note offering to fund Helios campus Phase II constructionOutl…