Galaxy Digital Swings to $323 Million Profit in Third Quarter

Galaxy Digital posted net income of $323 million for the third quarter of 2026, reversing an $85 million loss in the prior quarter as its treasury and data-center operations generated positive adjusted EBITDA.

Adjusted gross profit was $569 million, while adjusted EBITDA — earnings before interest, taxes, depreciation and amortization — reached $455 million. Treasury and corporate operations contributed $395 million of adjusted EBITDA, and the data-center business contributed $69 million. Digital asset operations recorded a $9 million adjusted EBITDA loss.

Digital asset trading volume increased 12% from the previous quarter. Assets under management and staking rose 46% to $10.4 billion.

Galaxy completed delivery of all 133 megawatts of critical IT load from the first phase of Helios I to CoreWeave. The second phase secured full financing. The company also completed a $3.5 billion senior secured notes issuance, and its data-center projects have potential total power capacity above 5.7 gigawatts.

The quarter’s results varied across Galaxy’s treasury and corporate, data-center and digital asset operations.