---
title: "Galaxy Digital Posts $323 Million Q3 Profit on Investment Rebound and Data Center Expansion"
description: "The company reversed a prior-quarter loss with $569 million in adjusted gross profit, boosted by CoreWeave lease revenue and an expanded $200 million buyback authorization."
url: https://basisdesk.news/news/galaxy-digital-q3-2026-profit-data-centers
published: 2026-10-27T16:16:57.460Z
modified: 2026-10-27T16:16:57.460Z
section: Institutions & ETFs
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bullish
tickers: [BTC, ETH, USDT]
tags: [galaxy-digital, earnings, data-centers, institutional-custody, asset-management]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Galaxy Digital Posts $323 Million Q3 Profit on Investment Rebound and Data Center Expansion

The company reversed a prior-quarter loss with $569 million in adjusted gross profit, boosted by CoreWeave lease revenue and an expanded $200 million buyback authorization.

## At a glance

- **What happened:** Galaxy Digital reported a Q3 2026 net income of $323 million on Oct. 27, reversing a previous quarterly loss.
- **Why it matters:** The performance demonstrates growing non-trading revenue from AI compute data center leases alongside a rebound in digital asset valuations.
- **Who is affected:** Galaxy Digital shareholders, institutional trading clients, and partner firm CoreWeave.
- **What's next:** Delivery of data halls for the fully financed Helios I, Phase II project beginning in Q2 2027.
- **Primary source:** [Galaxy Books $323 Million Q3 Profit as Its Own Investments Rebound](https://www.sec.gov/Archives/edgar/data/0001859392/000185939226000108/glxy-20260930xpressrelease.htm) — sec.gov

## Key points

- Galaxy Digital generated $323 million in Q3 2026 net income, reversing an $85 million loss in Q2.
- Cash, stablecoins, and U.S. Treasuries climbed 99% quarter-over-quarter to reach $4.9 billion.
- Data center operations generated $79 million in adjusted gross profit following full delivery of 133 MW to CoreWeave.

## Editorial remark

- **Context:** Galaxy's corporate restructuring on May 13, 2025, paved the way for broader capital markets integration, while significant capital expenditures into the Helios data center campus aimed to hedge digital asset trading volatility through AI compute hosting contracts.
- **Impact:** Shareholders benefit from a new $200 million repurchase authorization, institutional clients gain expanded lending and BNY-linked staking custody access, and CoreWeave secures long-term high-performance compute capacity.
- **Watch:** Tenant lease signings for the remaining 830 MW at Helios II, as well as the initial handover of Helios I Phase II capacity scheduled for Q2 2027.

Galaxy Digital recorded net income of $323 million for the third quarter of 2026, rebounding from an $85 million net loss in the previous quarter, according to an SEC filing on Oct. 27 [1]. The firm reported adjusted gross profit of $569 million and adjusted EBITDA of $455 million, supported by investment portfolio appreciation and expanding data center operations [1]. Diluted earnings per share reached $0.66, with adjusted EPS standing at $0.83 [1].

Balance sheet liquidity grew sharply, ending the period with $4.9 billion in cash, stablecoins, and U.S. Treasuries—a 99% quarter-over-quarter increase [1]. Galaxy closed the quarter with $3.0 billion in total equity and $16.4 billion in total assets [1]. Year-to-date, the company repurchased 9.8 million shares, and the board of directors approved an additional $200 million share repurchase authorization [1]. Galaxy also closed a $3.5 billion senior secured notes offering to finance construction of Helios I, Phase II [1].

## Digital Asset Trading and AI Infrastructure

Galaxy's digital asset trading volumes increased 12% over the quarter, alongside a 27% increase in its average loan book size to $1.8 billion [1]. The asset management division closed the quarter with $10.4 billion across assets under management and assets under stake, aided by more than $160 million in net inflows into vehicles such as the newly introduced Galaxy Sharplink Onchain Yield Fund [1]. The company also formed a multi-year partnership with BNY to advance institutional staking and platform infrastructure [1]. At the time of writing, major digital assets traded steadily, with $BTC at $80,331 and $ETH at $2,340.

Revenue diversification toward artificial intelligence and high-performance computing infrastructure contributed significantly to the bottom line [1]. Galaxy's Data Centers unit posted $79 million in adjusted gross profit and $69 million in adjusted EBITDA, reflecting the first full quarter of operations delivering 133 megawatts of critical IT capacity to CoreWeave under the Helios I, Phase I lease [1]. Initial data hall deliveries for Helios I, Phase II remain scheduled for the second quarter of 2027, as the firm negotiates leases for an additional 830 megawatts of capacity at Helios II [1].

## Sources

1. [Galaxy Books $323 Million Q3 Profit as Its Own Investments Rebound](https://www.sec.gov/Archives/edgar/data/0001859392/000185939226000108/glxy-20260930xpressrelease.htm) — sec.gov, 2026-10-27

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai