Galaxy shares sink 12% after Q2 loss as AI data center business begins generating revenue
The Block·
60-second summary
Galaxy shares are plummeting 12% after revealing a Q2 loss, but a silver lining emerges as its AI data center business Helios Phase I campus is poised to generate approximately $80 million in quarterly leasing revenue starting in Q3, a promising development that could offset losses and potentially boost investor confidence in the company's future prospects.
Galaxy's Helios Phase I campus is expected to generate roughly $80 million in quarterly leasing revenue beginning in Q3.