The firm's Helios campus in West Texas delivered its first profitable quarter for data centers while digital asset depreciation dragged overall results. Galaxy Digital just reported an $85 million net loss for Q2 2026. The digital asset side held up better than expectedGalaxy’s core digital asset business generated $66 million in adjusted gross profit, a 34% increase from the prior quarter, despite facing lower trading volumes and weaker digital asset prices. Now it increasingly looks like a hybrid: part digital asset manager, part power infrastructure company serving the AI compute boom. CoreWeave is the anchor tenant, and Galaxy’s near-term data center revenue hinges heavily on that single relationship.