Galaxy Digital (GLXY) reported its financial results for the second quarter of 2026 on Aug. 5, posting a net loss of $85.31 million. That was a sharp improvement from its $216.3 million net loss in the first quarter. The company said the quarter was mainly affected by falling digital asset prices. Adjusted EBITDA was negative $77.26 million.
As of June 30, Galaxy reported total equity of $2.72 billion and cash and stablecoin holdings of $2.459 billion.
Digital assets unit posts higher adjusted gross profit
In its digital assets business, adjusted gross profit reached $65.71 million in the second quarter, up 34% from the prior quarter. Counterparties rose to 1,741, an increase of 3% quarter over quarter. Average loan balances were $1.438 billion and were broadly flat from the previous quarter, while new loan originations increased on a sequential basis.
During the quarter, the company also launched an OTC prediction market product designed to help institutional clients execute multi-asset hedging strategies around event-driven markets.
Assets under management and staking assets fall 12% quarter over quarter
In asset management, total assets under management and staking assets stood at $7.1 billion at the end of the second quarter, down 12% from the prior quarter. Galaxy also launched the Galaxy Fintech Fund, a long-short hedge fund, and introduced SWEEP, a tokenized private liquidity fund created through a joint venture with State Street.
Data center segment turns profitable for the first time
Galaxy said its data center segment recorded its first profitable quarter. Adjusted gross profit for the unit was $20.14 million, and adjusted EBITDA was $11.49 million.
The first phase of the Helios data center campus, representing 133 MW of critical IT load, has now been fully delivered to CoreWeave. Galaxy expects the project to contribute about $80 million in lease revenue per quarter starting in the third quarter, with project-level adjusted EBITDA margins expected to exceed 90%.
Post-quarter financing and Texas site expansion
On the corporate side, Galaxy said that on July 28 it issued $3.5 billion in senior secured notes through a subsidiary to fund construction of phase two at Helios.
After the quarter ended, the company acquired three new sites in Texas — Merlin, Caspian, and Selene — with combined potential capacity of about 2.1 GW. Following those additions, Galaxy said its overall power pipeline exceeded 5.7 GW.
Galaxy also signed a multi-year agreement with BNY to support staking services for BNY’s digital asset custody platform.