Galaxy Digital's Q3 net profit reaches $323M, turning a profit from the previous quarter's loss.

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Galaxy Digital reported a $323 million net profit for Q3 2026, reversing an $85 million loss in the prior quarter. Adjusted EBITDA reached $455 million, with total assets increasing 51% to $16.4 billion. The digital asset market saw Galaxy’s trading volume rise 12% quarter-over-quarter, while asset management and staking grew 46% to $10.4 billion. The firm also announced a multi-year partnership with Bank of New York Mellon to support staking on its custody platform. Altcoins to watch may benefit from increased institutional staking activity.

ChainThink reports that on October 27, Galaxy Digital reported a net profit of $323 million for the third quarter, reversing a loss of $85 million in the previous quarter;

Adjusted EBITDA was $455 million. Total assets increased by 51% quarter-over-quarter to $16.4 billion, with cash, stablecoins, and U.S. Treasuries totaling $4.9 billion, nearly doubling quarter-over-quarter.

Digital asset trading volume increased 12%环比, while combined asset management and staking assets grew 46% to $10.4 billion. The company entered into a multi-year partnership with BNY Mellon to provide staking support for its digital asset custody platform.

Following the restructuring of the data center business, EBITDA increased nearly fivefold quarter-over-quarter to $69 million; Helios Phase 1 achieved its first full quarter of operations after delivering 133 MW of computing power to CoreWeave.

Phase II has been fully funded and construction has commenced, with the company issuing $3.5 billion in senior secured bonds. The total power capacity exceeds 5.7 GW, and data halls are expected to begin delivery in the second quarter of 2027.

The $200 million buyback program initiated by the company in February was completed on October 15, with approximately 9.8 million shares repurchased in total; on October 26, the board approved an additional $200 million in buyback authorization.

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