Galaxy

<h2 id="b-tldr-b">TLDR</h2>
<ul>
 <li> Galaxy Digital (GLXY) surges 6.63% as third-quarter profit reaches $323 million.</li>
 <li> Galaxy swings from an $85M Q2 loss to a $323M profit in the third quarter of 2026.</li>
 <li> Galaxy approves another $200M buyback after repurchasing 9.8M shares this year.</li>
 <li> Galaxy’s total assets jump 51% to $16.4B as liquid holdings reach $4.9B in Q3.</li>
 <li> Galaxy secures $3.5B in notes to fund Helios I expansion for AI data centers.</li>
</ul>
Galaxy Digital (GLXY) stock surged 6.63% to $16.72, gaining $1.04 following strong third-quarter earnings and a new share buyback authorization. The company reported $323 million in net income and approved an additional $200 million share repurchase program. Meanwhile, stronger digital asset operations and expanding AI data center investments supported the company’s quarterly performance.
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<h2 id="b-galaxy-digital-reports-323m-q3-profit-as-earnings-recover-b">Galaxy Digital Reports $323M Q3 Profit as Earnings Recover</h2>
<a href="https://blockonomi.com/galaxy-digital-glxy-stock-adds-100m-susds-in-sky-protocol-partnership/" rel="noopener noreferrer nofollow">Galaxy Digital</a> recorded a sharp earnings recovery during the third quarter, reversing losses from the previous reporting period. The company generated $323 million in net income, compared with an $85 million loss during the second quarter. Additionally, adjusted EBITDA reached $455 million, reversing the previous quarter’s $77 million loss.
The company’s adjusted gross profit reached $569 million, reflecting improved performance across its business operations. Meanwhile, diluted earnings per share reached $0.66, while adjusted earnings per share stood at $0.83. These results reflected stronger contributions from Galaxy’s digital assets franchise and gains across its investment portfolio.
Galaxy attributed its improved financial performance to growth across digital assets, investments, and data center operations. The company continues to develop its financial services business while expanding infrastructure for artificial intelligence workloads. Furthermore, its diversified operations supported stronger earnings during the quarter ending September 30, 2026.
<h2 id="b-galaxy-digital-approves-additional-200m-share-buyback-b">Galaxy Digital Approves Additional $200M Share Buyback</h2>
Galaxy Digital’s board authorized an additional $200 million share repurchase program following its improved quarterly financial performance. The company had already repurchased 9.8 million shares during the first nine months of 2026. These repurchases exceeded the dilution created by equity-based compensation during the same period.
<a href="https://blockonomi.com/mara-holdings-sends-81m-to-galaxy-what-next215875-2/" rel="noopener noreferrer nofollow">Galaxy’s</a> total assets increased 51% quarter over quarter, reaching $16.4 billion from $10.8 billion. Total equity also climbed 10% to $3.0 billion, compared with $2.7 billion in the previous quarter. Additionally, net digital assets and investments increased 48% to $1.7 billion from $1.2 billion.
The company’s cash, stablecoins, and U.S. Treasury holdings nearly doubled to $4.9 billion from $2.5 billion. Its holdings included $1.325 billion in cash, $812 million in stablecoins, and $2.756 billion in Treasury securities. Consequently, Galaxy strengthened its liquidity position while maintaining investments across digital assets and infrastructure development.
<h2 id="b-galaxy-digital-expands-ai-data-center-business-with-3-5b-financing-b">Galaxy Digital Expands AI Data Center Business With $3.5B Financing</h2>
Galaxy Digital continued expanding its data center operations as part of its broader business development strategy. The company increased its total gross power pipeline to more than 5.7 gigawatts during the quarter. This expansion strengthens its infrastructure portfolio and supports its growing focus on artificial intelligence computing demand.
<a href="https://blockonomi.com/galaxy-researcher-traces-52-37-btc-in-coldcard-wallet-recovery/" rel="noopener noreferrer nofollow">Galaxy</a> completed a $3.5 billion senior secured notes offering to finance construction of Helios I, Phase II. The financing supports further development of its data center infrastructure alongside existing digital asset operations. Meanwhile, the company continues pursuing opportunities across financial markets and high-performance computing infrastructure.
Galaxy completed its corporate reorganization in May 2025, establishing the structure supporting its Nasdaq-listed operations. Since then, the company has continued developing its digital asset services while expanding into AI infrastructure. Its third-quarter results highlighted stronger profitability, increased liquidity, and continued capital investment across both business segments.
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The post <a href="https://blockonomi.com/galaxy-digital-glxy-stock-jumps-6-63-after-323m-q3-profit-and-new-200m-share-buyback/" rel="noopener noreferrer nofollow">Galaxy Digital (GLXY) Stock: Jumps 6.63% After $323M Q3 Profit and New $200M Share Buyback</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Galaxy Digital (GLXY) Stock: Jumps 6.63% After $323M Q3 Profit and New $200M Share Buyback

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