Aug. 5 at 1:02 PM
                            
Galaxy Digital   Falls After Q2 Miss; Crypto Trading Slumps 
Galaxy Digital stock dropped 1.6% to 
$28.42 premarket after missing Q2 expectations. EPS came in at 
$0.08 (vs. 
$0.18 est.) and revenue was 
$9.1B (vs. 
$13.9B est.), mainly due to a 22% drop in crypto trading volumes and weaker spot activity. Digital-asset sales fell to 
$8.6B from 
$12.8B in Q1. 
On a brighter note, CRWV committed to using all approved power at Galaxy’s Helios (HLIO) data-center campus in Texas. Galaxy also acquired 160 more acres and expects data-center revenue to begin in H1 2026. 
Piper Sandler reiterated an Overweight rating with a 
$36 PT, citing Helios growth potential.  
$GLXY $HLIO