Galaxy Digital shares slip 5% after second-quarter results
CoinDesk·
60-second summary
Galaxy Digital shares are currently slipping 5% after the company releases its second-quarter results. Helios, a key subsidiary, has finally generated data-center revenue, a significant milestone. Phase I is expected to produce approximately $80 million quarterly from Q3 onwards, marking a major step towards profitability, and investors are reassessing the company's growth prospects.
Helios produced data-center revenue for the first time with Phase I expected to generate about $80 million quarterly from Q3.