Galaxy Digital announces 2026 Q3 net profit of 323000000 USD, data center adjusted EBITDA is 69000000 USD
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AT A GLANCE
Galaxy Digital turned profitable in Q3, with data center business adjusted EBITDA at 69000000 USD, and completed the delivery of 133MW load.
Article
Galaxy Digital Q3 net profit 323000000 USD, data center business adjusted EBITDA reaches 69000000 USD
BlockBeats news, November 10, Galaxy Digital released its third quarter 2026 financial report, with a net profit of 323000000 USD, reversing the previous quarter's loss of 85000000 USD; adjusted gross profit was 569000000 USD, and adjusted EBITDA was 455000000 USD. Among them, the treasury and corporate business adjusted EBITDA was 395000000 USD, the data center business was 69000000 USD, and the digital assets business recorded a loss of 9000000 USD. Digital asset trading volume increased 12% quarter-over-quarter, and the combined scale of managed and staked assets increased 46% quarter-over-quarter to 10400000000 USD.
On the data center front, Helios I Phase I has delivered the full 133 MW of critical IT load to CoreWeave, Phase II has been fully financed, the company completed a 3500000000 USD senior secured note issuance, and the potential total power supply capacity of data center projects exceeds 5.7 GW.
Original link https://m.theblockbeats.info/flash/376409
Key points
01
Galaxy Digital released its Q3 2026 financial report, with a net profit of 323000000 USD, compared to a loss of 85000000 USD in the previous quarter.
02
Adjusted gross profit was 569000000 USD, and adjusted EBITDA was 455000000 USD.
03
The adjusted EBITDA for treasury and corporate business was 395000000 USD, for data center business it was 69000000 USD, and the digital asset business lost 9000000 USD.
04
Digital asset trading volume increased by 12% quarter-over-quarter, and the total scale of managed and staked assets increased by 46% quarter-over-quarter to 10400000000 USD.
05
Helios I Phase I has delivered the entire 133MW critical IT load to CoreWeave.
06
Helios I Phase II has secured full financing, and the company has completed the issuance of 3500000000 USD in senior secured notes.
07
The potential total power supply capacity for data center projects exceeds 5.7GW.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The report shows that Galaxy Digital turned a profit this quarter after posting a loss in the previous quarter. In addition to its digital asset business, the data center business also contributed to adjusted EBITDA; Phase I of Helios I has completed the delivery of the 133MW critical IT load as reported, and Phase II has secured full financing.
Why it matters to readers
Profitability turning positive, data center load delivery, and the second-phase financing are all important indicators for assessing the company’s operational performance and the progress of its data center projects.
Beginners should focus on distinguishing between net profit and adjusted EBITDA: they have different accounting standards and cannot be directly equated; meanwhile, potential power supply capacity does not represent capacity that has been built or put into operation.
Risks and unknowns
The evidence does not include Galaxy Digital's original financial reports or regulatory filings, and the relevant data has not been independently verified within the provided materials.
The report does not explain the specific composition of this quarter's profits or their sustainability.
The actual operational status after the first-phase delivery of Helios I and CoreWeave’s subsequent performance under the contract were not specified.
The terms of Helios I’s Phase II financing, construction progress, and capital expenditures have not been disclosed.
Related Developments
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Exceeding 5.7GW refers to potential total power supply capacity; the actual built capacity and completion time are unknown.
Related concepts
Net profit
This term is not in the glossary yet. Browse related concepts in the glossary.
