Galaxy Digital Banks $505M Profit as Crypto Trading Surges 140%

TLDR:

• Galaxy Digital posted $505M profit in Q3 2025 as trading volumes jumped 140% from the previous quarter.
• The firm secured $1.4B financing to fully fund its Helios AI data center campus in Texas.
• Galaxy’s assets on platform hit a record $17B, with $1.9B held in cash and stablecoins.
• GalaxyOne launched for U.S. investors, offering access to crypto, equities, and high-yield cash options.
  

Galaxy Digital has delivered one of its strongest quarters yet, raking in $505 million in net income for Q3 2025. The crypto financial firm saw trading activity soar and new business lines gain traction across AI and data center operations. 

According to a press release, Galaxy’s results marked a sharp rebound from earlier quarters, underscoring renewed institutional engagement across digital assets.

The company’s adjusted EBITDA hit $629 million, fueled by strong performance in its Digital Assets division and rising gains on investment holdings. Total assets reached $11.5 billion, while equity climbed to $3.2 billion. 

Galaxy also reported $1.9 billion in cash and stablecoins, reflecting stronger liquidity reserves heading into the final quarter of the year.

Crypto Trading Fuels Record Growth

Galaxy’s Global Markets division led the surge, posting $295 million in adjusted gross profit. The company executed more than 80,000 bitcoin worth about $9 billion in client transactions, a record figure that helped lift trading volumes by 140% compared to Q2 2025.

The firm’s lending book averaged $1.8 billion during the quarter, showing increased appetite for credit within the crypto ecosystem. 

Its investment banking arm also saw a strong pipeline, advising on deals including Forward Industries’ $1.65 billion private placement and Coin Metrics’ sale to Talos.

Asset management and staking services added another $23 million in adjusted gross profit, supported by $2 billion in net inflows across ETFs and alternative products. 

Galaxy ended the quarter managing $9 billion in assets and overseeing $7 billion under stake, boosted by new mandates from crypto treasury clients.

AI, Helios, and the Next Phase of Expansion

Galaxy’s growth now extends beyond digital assets. The firm secured a $1.4 billion project financing package to complete Phase I of its Helios data center campus, located in Texas. 

Phase I is expected to deliver 133 megawatts of IT capacity by mid-2026 under a lease agreement with CoreWeave.

CoreWeave, which operates AI and high-performance computing workloads, has committed to the entire 800 MW of approved power at Helios. Galaxy also expanded the site to over 1,500 acres, giving room for future phases that could add up to 2.7 GW of total capacity under ERCOT review.

The company also launched GalaxyOne earlier this month, a new fintech platform for U.S. investors offering crypto, equity, and high-yield cash trading in one place. Management said proceeds from a $460 million equity investment by a global asset manager will fund Helios expansion and general operations.

Galaxy Digital said it expects minimal revenue from the data center segment until operations begin in 2026, when it starts delivering IT capacity to clients. For now, its digital asset trading, asset management, and treasury operations remain the primary drivers of revenue.

The company’s platform assets reached a record $17 billion at the end of Q3 2025. Treasury and corporate investments also contributed $376 million in adjusted EBITDA through gains in crypto and equity holdings.

The post Galaxy Digital Banks $505M Profit as Crypto Trading Surges 140% appeared first on Blockonomi.