Catenaa, Saturday, October 25, 2025- Galaxy Digital reported a record quarterly profit of $505 million, up 1,546% from the prior quarter, fueled by trading gains, treasury inflows, and AI-infrastructure momentum.
Core earnings climbed to $629 million from $211 million, with total assets rising 27% to $11.5 billion.
CEO Mike Novogratz described the results as the culmination of eight years of building crypto markets and physical infrastructure, highlighting the Helios campus in Texas as the “cornerstone” of future growth.
The 800-megawatt Helios site, formerly a large-scale bitcoin mine, is being converted for artificial-intelligence workloads under a lease with CoreWeave.
Galaxy secured $1.4 billion in project financing and an additional $460 million to accelerate construction. Helios is expected to start contributing revenue in the first half of 2026.
Galaxy’s digital-asset division generated $318 million in adjusted gross profit, supported by a 140% increase in trading volume and a $9 billion bitcoin transaction for a client.
The firm added over $4.5 billion in new digital-asset-treasury mandates, bringing platform assets to $17 billion. CFO Chris Ferraro described the period as a “breakout quarter,” citing gains across trading, investment, and infrastructure development.
Analyst Brett Knoblauch of Cantor highlighted Helios’ strategic alignment with CoreWeave and raised the price target on Galaxy stock to $53.
Shares peaked at $44.30 following the earnings release, remaining up more than 330% since April. Galaxy ended the quarter with $1.9 billion in cash and stablecoins and $3.2 billion in total equity, reinforcing its position at the intersection of digital finance and AI compute demand.
