Galaxy Digital reported net income of $323 million in the third quarter of 2026. According to Foresight News, the result marked a turnaround from an $85 million loss in the previous quarter. Adjusted EBITDA was $455 million, while total assets rose 51% quarter over quarter to $16.4 billion. Cash, stablecoins and U.S. Treasuries totaled $4.9 billion, nearly double the previous quarter.

Digital asset trading volume increased 12% quarter over quarter, outperforming the overall spot market. Assets under management and staking combined grew 46% to $10.4 billion. Galaxy also reached a multi-year agreement with BNY Mellon to provide staking support for the bank’s digital asset custody platform.

Data center adjusted EBITDA increased nearly fivefold quarter over quarter to $69 million, mainly reflecting the first full quarter of operations after Helios Phase I delivered 133 MW of computing capacity to CoreWeave. Phase II is fully financed and under construction. Galaxy issued $3.5 billion in senior secured notes for the project, and its power pipeline has expanded to more than 5.7 GW. Data center deliveries are expected to begin in the second quarter of 2027.

Galaxy completed a $200 million share repurchase plan launched in February on October 15, buying back about 9.8 million shares. The board approved another $200 million repurchase authorization on October 26.