Odaily Planet Daily report: Galaxy Digital (GLXY) released its Q2 2026 financial results, reporting a net loss of $85.31 million, narrowing from a $216.3 million loss in Q1; adjusted EBITDA stood at a loss of $77.26 million. As of June 30, total equity was $2.72 billion, with cash and stablecoin holdings amounting to $2.459 billion. The digital assets division reported an adjusted gross profit of $65.71 million, a 34% sequential increase, with 1,741 counterparty clients and an average loan balance of $1.438 billion.
This quarter, the company launched its OTC prediction market product. In terms of asset management, total managed and pledged assets amounted to $7.1 billion at the end of the second quarter. The data center division achieved profitability for the first time this quarter, with an adjusted gross profit of $20.14 million and adjusted EBITDA of $11.49 million. The first phase of the Helios data center campus, comprising 133 MW of critical IT load, has been fully delivered to CoreWeave and is expected to generate approximately $80 million in quarterly rental income starting in the third quarter.
On July 28, Galaxy issued $3.5 billion in senior secured notes through a subsidiary to fund the second phase of Helios; following the quarter, it acquired three new sites in Texas with a combined potential capacity of approximately 2.1 GW, bringing the company’s total power pipeline to over 5.7 GW. Galaxy entered into a multi-year partnership with BNY to support staking services on BNY’s digital asset custody platform.