Crypto News: Galaxy Reports 1500% Profit Surge With Helios in Lead

Galaxy Digital reports $505M profit surge, up 1,546%, as Helios AI campus expansion and trading gains drive record quarter.

Galaxy Digital reported a record-breaking quarter with profits rising by 1,546% to $505 million.

The surge was driven by increased trading volume, treasury gains, and ongoing progress in its AI infrastructure project, Helios. The company also saw strong inflows into its asset management division, pushing platform assets to $17 billion.

AI Infrastructure Boosts Galaxy’s Strategic Growth

Galaxy’s 800-megawatt Helios facility in Texas, previously one of the largest bitcoin mining sites in North America, is now being repurposed for artificial intelligence workloads. The site has been fully leased to CoreWeave, which will use the facility for high-performance AI computing.

To fund the buildout, Galaxy secured $1.4 billion in project financing and later raised an additional $460 million to accelerate construction. CEO Mike Novogratz described Helios as the company’s “cornerstone” for future growth, emphasizing its shift toward AI-compute infrastructure.

This strategic pivot gained validation after BlackRock and Nvidia acquired Aligned Data Centers for $40 billion, setting a new benchmark for data center valuation and spotlighting the shift from crypto mining to AI.

Strong Trading and Asset Management Drive Results

Galaxy’s trading division posted $318 million in adjusted gross profit during the quarter. Trading volume rose 140%, with a $9 billion bitcoin transaction completed for one client.

The firm’s asset management arm added $4.5 billion in new treasury mandates. Total platform assets rose to $17 billion. Core earnings reached $629 million, nearly tripling from $211 million in the previous quarter.

CFO Chris Ferraro described the period as a “breakout quarter” across trading, investment, and infrastructure. Galaxy ended the quarter with $1.9 billion in cash and stablecoins, and total equity of $3.2 billion.

Share Performance and Analyst Outlook

Following the earnings release, Galaxy’s shares reached a record high of $44.30 before settling at around $42. Despite the pullback, the stock remains up more than 330% since April, when it traded below $10.

Analysts responded positively to the company’s results. Cantor Fitzgerald raised its price target to $53 and maintained a buy-equivalent rating.

Analyst Brett Knoblauch noted, “Galaxy is operating on all cylinders,” adding that the Helios project is “fully funded and strategically aligned with CoreWeave’s growth.”

The combination of rising profits, a growing treasury business, and early AI infrastructure revenue signals Galaxy’s ongoing expansion into new sectors, blending crypto with emerging compute demand.

The post Crypto News: Galaxy Reports 1500% Profit Surge With Helios in Lead appeared first on Live Bitcoin News.