Core Insights - Galaxy Digital (NASDAQ:GLXY) achieved a new all-time high following its return to profitability, with a remarkable surge of 1,600 percent in the third quarter of the year [1][2] - The company reported a net income of $505 million, representing a 1,615-percent improvement from a net loss of $33.3 million in the same period last year [2] - Revenues increased by 231 percent to $28.4 billion, up from $8.57 billion year-on-year, driven by record volumes in its digital asset trading operations [2] Business Developments - In the high-performance computing (HPC) sector, Galaxy Digital is on track to deliver the first phase of its IT load capacity commitment to CoreWeave by the first half of 2026, covering a total of 133 MW [3] - CoreWeave has exercised its final option to access an additional 133 MW of critical IT load from the Helios data center, bringing its total commitment to 800 MW of the campus's maximum power capacity [3]
Galaxy Digital (GLXY) Jumps to All-Time High on Return to Profitability