Galaxy Digital Shares Plummets 4.19% Despite Surging Volume Ranking 355th as Q2 Earnings Highlight $30.7M Net Income and $211M Adjusted EBITDA

On August 5, 2025, Galaxy Digital (GLXY) closed with a 4.19% decline, despite a 43.53% surge in trading volume to $330 million. The stock ranked 355th in volume among listed equities, reflecting heightened short-term volatility. The firm reported Q2 2025 financial results, highlighting a net income of $30.7 million and adjusted EBITDA of $211 million, driven by gains on digital assets and investments. Total equity reached $2.6 billion, supported by $1.2 billion in cash and stablecoins.

Galaxy expanded its Helios data center campus, securing a 15-year lease with CoreWeave for an additional 133 MW of AI/HPC capacity, raising total committed power to 800 MW. The company also acquired 160 acres of adjacent land and a 1 GW interconnection request, expanding the campus to over 1,500 acres and increasing potential power capacity to 3.5 GW. These moves underscore its strategic focus on infrastructure scalability and long-term revenue streams from data center operations.

Financial performance in Q2 2025 showed mixed results. The Digital Assets segment generated $71.4 million in adjusted gross profit, up 10% quarter-over-quarter, though adjusted EBITDA fell to $13 million as expenses rose. Treasury & Corporate operations contributed $228 million in adjusted gross profit and $198 million in adjusted EBITDA, primarily from mark-to-market gains on digital assets. Assets under management and staking grew to $9 billion, reflecting strong client inflows and rising digital asset prices.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark return of 29.18% by 137.53%. This underscores the role of liquidity concentration in short-term stock performance, particularly in volatile markets.