Galaxy Digital reports $8.56 billion in revenue, down 15% sequentially and below Wall Street forecasts.
Galaxy Digital (NASDAQ: $GLXY) shares declined 5% after the company’s quarterly revenue fell short of expectations. Revenue totaled $8.56 billion, a 15% drop from $10.21 billion in the prior quarter and below analyst forecasts.
The firm reported an EPS loss of $0.09, narrower than the $0.28 loss expected. Its data center segment posted $20 million in gross profit, reversing a $900,000 loss in Q1, but no new tenants were announced for its Texas campus.
Management noted ongoing discussions for 830 megawatts of capacity but did not disclose new leases, disappointing investors expecting faster growth in its AI data center business.