Company Overview

Galaxy Digital Inc. is a prominent company operating in the digital asset and data center infrastructure sectors. Headquartered in New York, New York, the company maintains offices across North America, Europe, the Middle East, and Asia. As of September 24, 2025, Galaxy Digital Inc. held a market capitalization of $5.96 billion.

Business Segments and Operations

Galaxy Digital Inc. structures its operations across three primary segments: Global Markets, Asset Management, and Digital Infrastructure Solutions. These segments encompass the company's core activities in Digital Assets, Data Centers, and Treasury and Corporate functions.

Digital Assets Platform

The company's digital assets platform provides institutional clients with access to a comprehensive suite of services including trading, advisory, asset management, staking, self-custody solutions, and tokenization technology. This platform is designed to serve institutional clients with robust digital asset solutions across various cryptocurrency markets.

Data Center Infrastructure

Galaxy Digital Inc. actively invests in and operates data center infrastructure designed to support AI and high-performance computing (HPC) workloads. This strategic focus addresses the escalating demand for scalable energy and compute solutions within the United States. Notably, an agreement is in place for Galaxy to deliver 133 megawatts ("MW") of Critical IT Load to host CoreWeave's artificial intelligence ("AI") and high-performance computing ("HPC") infrastructure at its Helios data center campus in West Texas. Over a 15-year term, this agreement is projected to generate approximately $4.5 billion in total revenue for Galaxy Digital.

Financial Performance

Q2 2025 Results (Latest)

For the second quarter of 2025, Galaxy Digital reported a net income of $30.7 million, translating to $0.08 per diluted share. The Adjusted EBITDA for Q2 2025 was $211 million, largely driven by the appreciation of digital assets held on the company's balance sheet, as reported on August 5, 2025. The Digital Assets segment generated an adjusted gross profit of $71.4 million, marking a 10% increase quarter-over-quarter ("QoQ"). This growth was primarily attributed to expansion in Global Markets operations during Q2 2025.

Q1 2025 Results

In the first quarter of 2025, the Digital Assets segment reported an adjusted gross profit of $64.8 million. This figure represented a 36% decline QoQ, predominantly due to a decrease in digital asset prices, which subsequently led to reduced client trading activity and a decrease in assets held on the platform.

Full Year 2024 Performance

For the full fiscal year 2024, Galaxy Digital achieved a net income of $365 million, or $1.02 per diluted share. Operating revenues for the year surpassed $400 million, exceeding the combined revenues of the preceding two years.

Key Business Metrics

• Trading and Lending Operations: The average loan book size grew to $1,107 million in Q2 2025. This increase was fueled by sustained demand for margin lending services and an expanding client base. Galaxy continues to onboard new counterparties, including significant traditional asset managers and hedge funds, concluding the third quarter with a total of 1,280 trading counterparties.

• Asset Management: As of June 30, 2025, Galaxy Digital reported approximately $9 billion in combined assets under management and assets under stake, representing a 27% increase QoQ.

• Staking Operations: The Blockchain Infrastructure segment saw its Assets Under Stake increase by 58% QoQ to $3.4 billion as of September 30th. Galaxy maintains its position as one of the largest validators globally on the Solana network.

Corporate Structure and Listings

Galaxy Digital Inc. is listed and trades on both the NASDAQ and TSX stock exchanges under the ticker symbol GLXY. Following its successful domestication as a Delaware incorporated entity, effective May 13, 2025, the company transitioned its financial reporting from International Financial Reporting Standards ("IFRS") to U.S. Generally Accepted Accounting Principles ("GAAP").

Innovation and Technology Leadership

Galaxy Digital has established itself as a leader in blockchain innovation, becoming the first Nasdaq-listed company to tokenize its shares on the Solana blockchain. The firm's common stock is now tradable on-chain through Superstate's Opening Bell platform as SEC-registered tokens.

Employee Count and Scale

As of September 24, 2025, Galaxy Digital Inc. employs a workforce of 520 individuals.

Future Revenue Expectations

Galaxy Digital anticipates commencing revenue generation from its Data Centers segment in the first half of 2026. This will coincide with the delivery of critical IT capacity to CoreWeave under Phase I of their lease agreement.

Galaxy Digital represents a distinctive fusion of traditional financial services expertise applied to digital assets, complemented by strategic investments in AI and high-performance computing infrastructure. The company's diversified business model, encompassing trading, asset management, lending, and data center operations, strategically positions it to capitalize on the increasing convergence of digital assets and artificial intelligence technologies.