The crypto financial services firm said Helios phase one has been fully delivered to CoreWeave, with about $80 million in quarterly lease revenue expected from the third quarter.
Galaxy Digital reported a net loss of $85.31 million for the second quarter of 2026, narrowing from a $216.3 million loss in the first quarter, while adjusted EBITDA remained negative at $77.26 million. As of June 30, total equity stood at $2.72 billion and cash plus stablecoin holdings reached $2.459 billion. The digital assets segment generated $65.71 million in adjusted gross profit, up 34% from the prior quarter, with 1,741 trading counterparties and an average loan book of $1.438 billion. The company also launched an OTC prediction markets product during the quarter. In asset management, assets under management and staked assets combined totaled $7.1 billion at the end of the quarter. The data center division posted its first profit, reporting $20.14 million in adjusted gross profit and $11.49 million in adjusted EBITDA. Galaxy said 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 about $80 million in lease revenue each quarter starting in the third quarter. On July 28, Galaxy issued $3.5 billion of senior secured notes through a subsidiary to fund construction of Helios phase two. After the quarter, it also acquired three new sites in Texas with roughly 2.1 GW of total potential capacity, lifting its overall power pipeline to more than 5.7 GW. Separately, Galaxy signed a multi-year partnership with BNY to support staking (locking crypto to earn rewards) services on BNY's digital asset custody platform.