On August 7, Galaxy Digital Holdings Ltd. rose 5.6% in regular trading, trading at $20.19/share, with turnover of $20.21 million. Following the initial selloff triggered by the Q2 revenue miss on August 5, selling pressure has been absorbed, and the market is now refocusing on the earnings beat and data center growth outlook, driving a recovery rally.
On the earnings front, the company reported Q2 adjusted loss of $0.09 per share, significantly better than the analyst consensus estimate of a $0.41 loss, though representing a 212.5% decline from EPS of $0.08 in the year-ago period. Revenue came in at $8.56 million, missing market expectations and initially pressuring the stock down over 9% on August 5.
The data center segment emerged as a key bright spot, contributing $20 million in adjusted gross profit and $11 million in adjusted EBITDA. Notably, Phase I of the Helios campus was delivered on schedule, providing 133 megawatts of critical IT load to CoreWeave under a 15-year lease, with Phase II development targeting H1 deliveries next year.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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