Galaxy Digital reported a profit of $505 million for the third quarter of 2025, its best result so far. The company, led by CEO Mike Novogratz, shared the results on October 21 for the three months ending September 30.
As a result, Galaxy’s total assets rose to $11.5 billion, driven by booming digital asset trading, treasury gains, and growing demand for its new AI data center business in Texas.
According to the press release, adjusted earnings before interest, taxes, depreciation, and amortization jumped to $629 million from $211 million in the previous quarter. The firm’s cash and stablecoin reserves increased to $1.9 billion, while total equity climbed to $3.2 billion.
Furthermore, trading activity surged 140% from the last quarter, with the company executing a $9 billion bitcoin sale on behalf of a client, which lifted revenue in its digital assets division.
In addition, Galaxy’s Helios data center campus in Texas is now fully financed and leased to CoreWeave. The $1.4 billion project is expected to start generating revenue in the first half of 2026. Novogratz called Helios “the cornerstone of our future,” describing it as a key bridge between digital finance and the growing demand for AI computing power.
Moreover, the company secured a $460 million equity investment from one of the world’s largest asset managers. Net proceeds of $325 million will support the Helios buildout and other corporate purposes. Earlier this month, Galaxy also launched GalaxyOne, a new platform allowing U.S. investors to access crypto, equities, and high-yield cash products all in one place.
CFO Chris Ferraro said it was “a breakout quarter for Galaxy,” noting strong performance across trading and investment divisions. Consequently, total platform assets grew to $17 billion, supported by $4.5 billion in new digital-asset-treasury mandates.
Following the announcement, Galaxy’s shares rose 9% to $60.70, according to Yahoo Finance. Overall, the company is steadily widening its focus beyond crypto as it builds new opportunities in AI and digital infrastructure.
Galaxy Digital shares | Source: YahooFinance
