Galaxy Digital posts Q2 net loss

Galaxy Digital

05/08/2026 12:25

Overview
US digital asset and data center operator reported Q2 net loss, driven by digital asset price declines
Company expanded Texas data center footprint with three new site acquisitions after quarter-end
Completed $3.5 bln senior secured note offering to fund Helios campus Phase II construction

Outlook
Galaxy expects Helios Phase I to generate $80 mln in quarterly leasing revenue from Q3 2026
Galaxy advancing construction on Helios Phase II, with data hall deliveries expected to begin Q2 2027

Result Drivers
DIGITAL ASSET PRICE DECLINES - Co said Q2 net loss was driven primarily by depreciation of digital asset prices
DATA CENTER LEASING RAMP-UP - Data Centers generated revenue as capacity delivery to CoreWeave ramped throughout the period
UNREALIZED LOSSES - Treasury & Corporate segment posted losses mainly from unrealized losses on digital assets and investment positions

Company press release: ID:nPnb2jsYDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Loss Per Share
 
$0.09
 
Q2 Net Loss
 
$85 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for Galaxy Digital Inc is $40.00, about 80.7% above its August 4 closing price of $22.14

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)