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Galaxy Digital Q2 Earnings Call Highlights
['Mitch Edgeman']
Markets Daily
CFO Tony Paquette said the results were primarily driven by declining digital-asset prices, which produced a $42 million adjusted gross loss in the treasury and corporate segment.
Combined operating businesses generated $86 million in adjusted gross profit and $1 million in adjusted EBITDA, both substantially higher than in the first quarter.
Galaxy also introduced Galaxy Curator, an institutional vault-curation offering built on Morpho and integrated with Fireblocks.
Novogratz said Galaxy sees its data-center and digital-assets operations as distinct businesses connected by broader shifts toward AI and digital financial infrastructure.
About Galaxy Digital (TSE:GLXY)Galaxy Digital is a is a diversified financial services and investment management company dedicated to the digital assets and blockchain technology industry.