On August 5, Galaxy Digital Holdings Ltd. fell 8.27% in pre-market trading, trading at approximately $20.33/share, with turnover of $1.8405 million.
The decline was triggered by the company's Q2 earnings report released before the market open. Adjusted EPS came in at a loss of $0.09, which met analyst consensus but represented a 212.5% decline from earnings of $0.08 per share in the same period last year, turning from profit to loss year-over-year. More critically, revenue totaled only $8.557 million, significantly missing market expectations, sparking concerns over the company's near-term profitability.
While the data center segment delivered $20 million in adjusted gross profit and $11 million in adjusted EBITDA, and Helios Phase I successfully delivered 133 megawatts of critical IT load to CoreWeave under a 15-year lease, the substantial revenue shortfall dominated pre-market sentiment. The company has been aggressively expanding its AI infrastructure footprint, including a $3.51 billion senior secured notes offering in late July to finance Texas data hall construction and a 500-acre land acquisition in McGregor, Texas for a new campus.
(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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