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Galaxy Digital (GLXY) Stock Sinks 13% as Data Center Growth Fails to Offset $85 Million Loss

By Yasmin Werner at 2026-10-05 10:38

Sentiment: Negative

TLDR Galaxy Digital shares sank 13.46% as its $85 million quarterly loss hit GLXY. Galaxy reported an $85 million net loss as weaker crypto prices hurt earnings. Helios produced new data center revenue, but crypto losses outweighed the gains. Galaxy expects Helios Phase I to generate about $80 million in quarterly revenue. Texas expansion lifted [...] The post Galaxy Digital (GLXY) Stock Sinks 13% as Data Center Growth Fails to Offset $85 Million Loss appeared first on CoinCentral. Continue reading...

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