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Galaxy Digital shares decline 14% after $482 million Q4 loss
Yahoo Finance· 2026-02-03 12:44
Core Insights - Galaxy Digital's stock experienced a significant decline of over 14% following a net loss of $482 million for Q4 2025, which was below analyst expectations [1][2] - The company's revenue for the quarter was reported at $10.2 billion, falling short of the anticipated $12 billion [1][3] Financial Performance - Adjusted earnings per share (EPS) reported a loss of $1.08, compared to the forecasted loss of up to $0.99 [2] - Despite the quarterly losses, Galaxy generated $426 million in adjusted gross profit for the year and ended with $2.6 billion in cash and stablecoins [3] Market Context - The price drop in Galaxy's stock occurred during a time when most other crypto equities were recovering from a market crash, with Bitcoin losing its position among the top 10 assets by market capitalization [2] - The overall crypto market has shown slight negativity, with Bitcoin down over 2.5% and Ether losing 4.1% in value over the last 24 hours [3] Business Developments - Galaxy Digital reported growth in its trading and asset management segments, claiming record trading profits and volumes [4] - The asset platform attracted $2 billion in net inflows, concluding 2025 with total assets of $12 billion [4] - The company doubled its approved data center power capacity to over 1.6 gigawatts due to new agreements and regulatory approvals in Texas [4]
Galaxy Digital stock rises 4% after Texas grid operator approves data center expansion
Yahoo Finance· 2026-01-15 15:51
Core Insights - Galaxy Digital's shares increased by 4% following the approval to add 830 megawatts of power capacity at its Helios data center in West Texas, raising the total approved load to over 1.6 gigawatts [1][2] - The expansion aligns with Galaxy's long-term strategy to enhance infrastructure for artificial intelligence and high-performance computing workloads [2] - CEO Mike Novogratz highlighted the unprecedented power demand for AI compute in Texas, indicating strong growth potential for the company [3] Company Developments - Construction is currently underway for the first phase of the Helios data center, with power delivery expected to commence in early 2026 [3] - Galaxy has signed a service agreement with AEP Texas, with Wind Energy Transmission Texas serving as the interconnection provider [2] - The company is actively exploring additional land and power options in Texas and other states to support its growth [3] Market Context - The stock's rise is notable amidst a general decline in the crypto sector, where Bitcoin has fallen below $96,000, affecting other companies like Coinbase, Circle, and MARA Holdings, which experienced declines of 3%-5% [4]
Bitcoin Bancorp Secures NASDAQ Ticker Reservation “BCBC” as Part of Uplisting Strategy
Globenewswire· 2025-09-16 12:50
Core Insights - Bitcoin Bancorp has secured the ticker symbol "BCBC" from NASDAQ, marking a significant step towards its uplisting strategy [1][2] - The company aims to enhance its visibility and credibility in the digital asset finance sector, aligning with the growing demand for cryptocurrency services [2] Company Overview - Bitcoin Bancorp, headquartered in Las Vegas, Nevada, operates under the OTC Markets symbol (BULT) and focuses on blockchain technologies, software development, and Web 3.0 [3] - The company owns two Bitcoin ATM patents and operates Bitcoin ATMs through licensed third-party operators [3] - Management is committed to driving innovation and increasing shareholder value through digital technology and decentralized blockchain solutions [3] Market Positioning - The reservation of the "BCBC" ticker symbolizes the company's long-term vision and commitment to transparency and growth in the digital asset space [2] - Bitcoin Bancorp is positioning itself to be a leader in the digital asset market, which is projected to reach hundreds of billions of dollars in the coming years [2]