Turning profitable quarter-over-quarter, Galaxy Digital posts $323 million net profit in Q3

Odaily reports: Galaxy Digital filed an 8-K with the U.S. Securities and Exchange Commission and announced its third-quarter 2026 results. Net profit for the quarter ended September 30 was $323 million, with diluted earnings per share of $0.66 and adjusted earnings per share of $0.83; net loss in the second quarter was $85 million. Third-quarter adjusted gross profit was $569 million, and adjusted EBITDA was $455 million, compared with an adjusted EBITDA loss of $77 million in the second quarter. Total assets at period-end were $16.4 billion, up 51% quarter-over-quarter; total equity was $3 billion, up 10%; cash, stablecoins, and U.S. Treasuries totaled $4.9 billion, up 99%; net digital assets and investments were $1.7 billion, up 48%. Year to date, the company repurchased 9.8 million shares, and the board approved an additional $200 million repurchase authorization. The company said its total data center power pipeline has exceeded 5.7GW and completed a $3.5 billion senior secured notes offering to fund Phase II construction of Helios I.