Galaxy Digital Reports $85 Million Loss Amid AI Expansion

Galaxy Digital Inc. reported a net loss of $85 million for the second quarter of 2026, resulting in diluted and adjusted earnings per share of $(0.09). The company attributed the loss primarily to the depreciation of digital asset prices.

Despite the financial loss, the company's data center segment achieved its first quarter of revenue-generating operations, producing $20 million in adjusted gross profit and $11 million in adjusted EBITDA. Galaxy expanded its AI infrastructure footprint in Texas by acquiring three new sites—Merlin, Caspian, and Selene—which increased its total power pipeline to over 5.7 GW.

Operational milestones included delivering 200 MW of gross power to CoreWeave at the Helios campus. To fund continued construction, Galaxy completed a $3.5 billion private offering of senior secured notes. The company also entered a multi-year agreement with BNY to advance staking services and digital asset infrastructure.