Galaxy Digital Stock Hits Record High on Strong Earnings and AI Optimism
Galaxy Digital's stock surged 10% to an all-time high following robust earnings, with net income reaching $515 million and EBITDA hitting $629 million. The company's Global Markets division reported a $295 million gross profit as digital asset trading volume spiked 140%.
Assets under management climbed to $9 billion, while staking assets ROSE to $7 billion. The launch of retail platform GalaxyOne—featuring high-yield accounts and commission-free trading—could further accelerate growth.
Investors are particularly bullish on Galaxy's AI pivot, including its under-construction Helios Data Center project. Technical indicators suggest the rally may have room to run, with shares up 420% from April lows.