Galaxy Digital Shares Slide Following Q2 Earnings Report

Shares of Galaxy Digital dropped 12 percent after the firm released its latest financial report. The loss reflects a challenging quarter for the company as it works through various operational costs and market pressures.

Despite the dip in share price, the company has begun generating revenue from its AI data center business. The Helios Phase I campus is now expected to bring in about 80 million dollars in leasing revenue every quarter starting in the third quarter of this year.

Investors are watching to see if these new income streams can offset recent losses. The shift toward AI infrastructure represents a major strategic move for the company, and the market will be looking for stability in the coming months.