Episode Details

Galaxy Digital’s Q2 hit a rough patch with an $85 million net loss, fueled by plummeting crypto prices that crushed the value of its digital asset holdings and slashed revenue below Wall Street’s expectations. Despite the market-wide 15% crypto slump, the firm still generated $66 million in adjusted gross profit from its digital assets—and its AI data center business is showing strong growth, turning a $20 million profit with a major partnership poised to bring in $1 billion annually. The company’s pivot toward diversified revenue streams signals a strategic move to weather crypto volatility and build long-term stability.

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