On August 5, Galaxy Digital Holdings Ltd. fell 9.03% in regular trading, trading at $19.59/share, with turnover of $37.89 million. The decline was triggered by the company's Q2 earnings release, which revealed a sharp deterioration in financial performance.
Galaxy Digital reported an adjusted loss of $0.09 per diluted share for Q2, swinging from adjusted earnings of $0.08 per share in the year-ago period, representing a 212.5% year-over-year decline. More critically, quarterly revenue came in significantly below market expectations, raising concerns over the company's near-term profitability trajectory.
While the data center segment delivered positive signals — contributing $20 million in adjusted gross profit and $11 million in adjusted EBITDA, with Phase I of its Helios campus delivering 133 megawatts of critical IT load to CoreWeave on schedule under a 15-year lease — the overall revenue shortfall dominated market sentiment, extending losses from pre-market weakness into regular session trading.
(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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