Galaxy Digital earns $30.7M Q2 profit, buys more Bitcoin, joins Nasdaq, and plans major Helios data center expansion.
Galaxy Digital has made a strong comeback in the second quarter of 2025. The company earned $30.7 million in profit after facing losses in the first quarter. This implies that Galaxy is once again on the right track, exhibiting indicators of growth and betterment.
Galaxy Now Holds 17,102 Bitcoins Worth $1.8 Billion
The increase in the value of the cryptocurrencies that Galaxy owns is one of the significant causes of this turnaround. The company also performed well in the trading and lending activities. The two contributed to the recovery of Galaxy as it recorded a profit of 0.08 per share.
Besides this success, Galaxy ventured into a risky move. Instead of selling its Bitcoin, the company purchased additional ones. Galaxy made an acquisition of 4,272 Bitcoins in the second quarter. As of June 30, Galaxy possessed 17,102 Bitcoins, which amount to approximately 1.8 billion. This is an indication that the company remains quite committed to Bitcoin even during market uncertainty.
Another giant leap in its history was the agreement of Galaxy to join the Nasdaq stock exchange in May 2025. It currently trades as GLXY. This relocation followed the restructuring of the business, which became a U.S.-based business. Listing on Nasdaq exposes Galaxy better and provides easier access for investors to follow and invest in the company by investors.
July also turned out to be significant to Galaxy. It was the most profitable month in the history of the company in regard to financial outcomes. The digital asset business of Galaxy was a great success, and its other departments also demonstrated improvements.
Other than profits, Galaxy advanced in its data center business. Its Helios campus, which aids in facilitating advanced computing, is expanding quickly. During the third quarter, one partner company, CoreWeave, requested additional space and power to operate its systems. They seek 133 megawatts of additional power, and this will bring their total deal to 800 megawatts.
Galaxy Plans Major Helios Expansion with 160 Acres and 1GW Power Request
Galaxy also made plans to expand the Helios campus. An agreement was entered into to acquire another 160 acres of land on a nearby piece of land. The firm requested that it be allowed to tap into 1 GW of extra power. With this expansion, this campus would have been able to expand by large amounts had it passed. The Helios facility will occupy more than 1,500 acres in total and may consist of 3.5 gigawatts of power capacity. All of this has the capability of building up to make Helios one of the top five data centres in the world, as CEO Mike Novogratz put it.
Related Reading: Galaxy Digital Set to Redomicile in Delaware, Eyes Nasdaq Listing
The other major occasion on Galaxy was when it assisted one of its clients to sell off over 80,000 Bitcoins. This was among the biggest sales of Bitcoin in the cryptocurrency market. It indicates that Galaxy has big clients who rely on it for large deals.
To sum it up, Galaxy Digital had a good Q2. It was profitable, increased the amount of Bitcoin, became a member of Nasdaq, and improved its operations. As the land, power, and trust of clients increase, Galaxy is setting itself towards an even greater future.