Cash and stablecoin holdings of $2.459 billion; Galaxy Digital's Q2 net loss narrows to $85.31 million

Odaily News: Galaxy Digital (GLXY) has released its Q2 2026 financial report, posting a net loss of $85.31 million, narrower than the Q1 loss of $216.3 million. Adjusted EBITDA was a loss of $77.26 million. As of June 30, total equity stood at $2.72 billion, with cash and stablecoin holdings at $2.459 billion. The digital assets segment reported adjusted gross profit of $65.71 million, up 34% quarter-over-quarter, with 1,741 counterparties and average loan balances of $1.438 billion. During the quarter, the company launched an OTC prediction market product. In asset management, total assets under management and staked assets reached $7.1 billion at the end of Q2. The data center segment turned profitable for the first time this quarter, with adjusted gross profit of $20.14 million and adjusted EBITDA of $11.49 million. The first phase of the Helios data center campus, representing 133 MW of critical IT load, has been fully delivered to CoreWeave, and is expected to contribute approximately $80 million in lease revenue per quarter starting from Q3. On July 28, Galaxy issued $3.5 billion in senior secured notes through a subsidiary to fund the second phase of Helios construction. Post-quarter, the company acquired three new sites in Texas with a total potential installed capacity of approximately 2.1 GW, bringing the company's overall power pipeline to over 5.7 GW. Galaxy has signed a multi-year cooperation agreement with BNY to support staking services on BNY's digital asset custody platform.