Galaxy Digital (GLXY), a modest name since it acquired the US list with the Nasdaq a few months ago, is watching sales after recording second-quarter revenues on Tuesday morning.
Global market revenue rose 28% to $55.4 million, up to $55.4 million as Galaxy outperformed wider market trends. The company’s average loan book increased to $1.1 billion compared to $879 million against Peercoinbase (coin).
Assets on the Galaxy platform rose 27% to $8.9 billion, but adjusted gross profits for asset management fell 26% due to lower on-chain activity.
As expected, CoreWeave also exercised its final option to access 133MW of additional calculations at Helios, bringing the site’s total commitment capacity to 800MW, the report says.
Galaxy has separately agreed to acquire 160 acres of adjacent land, including 1GW interconnection requests.
The company closed the quarter with a total liquidity of $2.5 billion. This includes $1.1 billion in cash, stupidity and $1.3 billion in net digital assets. The company had $1.1 billion in debt.
As of June 30th, the company’s digital asset holdings included $1.8 billion of 17,102 Bitcoin, against $1.3 billion of 13,704 Bitcoin six months ago.
KBW, which took place in record time in July, has seen a strong start to the third quarter as Galaxy promoted sales of over 80,000 Bitcoin and secured the final tranche of AI/HPC computation capacity at the HELIOS data center through a contract with CoreWeave (CRWV).
Stocks will be 8% lower in line with crypto prices selling on Tuesday, while Bitcoin will cut more than 1% to cut $113,000. Since its listing on Nasdaq in May, the stock has remained 13% higher.
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