Galaxy Digital Inc. released its financial results for the second quarter ended June 30, 2025, on August 5, 2025, reporting a Net Income of $30.7 million. This marks a significant turnaround from the Net Loss of $295 million reported in Q1 2025. Adjusted EBITDA also saw a substantial improvement, reaching $211 million compared to a negative $290 million in the previous quarter.
The company's balance sheet demonstrated growth, with total assets increasing by 43% quarter-over-quarter to $9,086 million and total equity rising by 38% to $2,624 million. Cash and stablecoins remained robust at $1,181 million. Net digital assets on the balance sheet grew by 40% to $1,274 million, while venture, fund, and other investments increased by 15% to $718 million.
The Digital Assets segment reported an adjusted gross profit of $71.4 million, a 10% increase quarter-over-quarter, driven by a 28% rise in Global Markets adjusted gross profit to $55.4 million. The average loan book size expanded by 27% to $1,107 million, and assets on platform grew by 27% to $8,921 million. In the Data Centers segment, CoreWeave exercised its final option, committing to the full 800 MW of approved power capacity at the Helios campus, with anticipated average annual revenue exceeding $1 billion over a 15-year term.
Furthermore, Galaxy entered into a definitive purchase and sale agreement to acquire 160 acres of land and a 1 GW load interconnection request adjacent to the Helios campus. This acquisition will expand the Helios campus size to over 1,500 acres and increase the total potential power capacity to 3.5 GW. Construction at Helios is progressing on schedule, with major interior demolition for Phase I complete and site work underway for key infrastructure.
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