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Galaxy Digital (GLXY) Stock: Falls Over 13% as Q2 Net Loss Overshadows AI Data Center Growth

By Kelvin Munene at 2026-08-05 19:36

Sentiment: Negative

TLDR Galaxy Digital stock dropped more than 13% after reporting an $85 million second-quarter net loss. Helios Phase I generated its first revenue and is expected to deliver $80 million quarterly from Q3. Digital assets adjusted gross profit rose 34% despite a 7% decline in trading volume. Galaxy raised $3.5 billion to fund Helios Phase [...] The post Galaxy Digital (GLXY) Stock: Falls Over 13% as Q2 Net Loss Overshadows AI Data Center Growth appeared first on CoinCentral. Continue reading...

Categories: Stocks

Tags: #Stocks #Galaxy Digital

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