CoinDesk·3 min read·medium
Galaxy Digital shares slip 5% after second-quarter results
F
Francisco Rodrigues
✦AI Summary
Galaxy Digital reported a narrowed net loss of $85 million for the second quarter, beating analyst expectations despite a decline in trading volume. The company is expanding its data center business, specifically its Helios campus in Texas, though it has yet to secure new tenants for its remaining capacity.
Galaxy’s $85 million net loss narrowed from $216 million in the first quarter, while its diluted and adjusted loss narrowed to $0.09 per share from $0.49. Street forecasts had been for a loss of $0.28 per share.
businesscryptotechnology
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in