Galaxy Digital · Bitcoin.com News
Galaxy Digital Shares Rise Following $323 million Q3 Profit, New $200 million Buyback Plan
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Galaxy Digital returned to profitability in the third quarter of 2026, reporting $323 million in net income as gains from its investment portfolio and rapid growth in its AI data center business helped offset continued losses in its core digital assets division.
Key facts
- The Mike Novogratz-led cryptocurrency investment firm reported Tuesday that it earned $323 million during the three months ended Sept. 30, reversing an $85 million loss in the second quarter
- Galaxy ended September with $16.4 billion in total assets, up 51% from the previous quarter, and $3 billion in total equity
- Meanwhile, its digital assets business generated $71 million in adjusted gross profit, up 9% from the previous quarter, although it still recorded a $9 million adjusted EBITDA loss
- The new authorization follows completion of an earlier $200 million buyback program on Oct. 15, under which Galaxy repurchased approximately 9.8 million shares
Summary
Galaxy Digital returned to profitability in Q3 2026, reporting $323 million in net income and $455 million in adjusted EBITDA, driven largely by investment gains and AI infrastructure growth. AI data center profits surged, with adjusted gross profit nearly quadrupling to $79 million as Galaxy expanded its Texas facilities and pursued additional capacity. Galaxy authorized another $200 million share buyback after completing its previous $200 million program, while total assets climbed 51% to $16.4 billion. The Mike Novogratz-led cryptocurrency investment firm reported Tuesday that it earned $323 million during the three months ended Sept. 30, reversing an $85 million loss in the second quarter.