Galaxy Digital posts $85M Q2 loss, but its data center bet is starting to pay off
Covered by 2 sources · 2 articles
2 outlets - including Cryptotimes and Cryptobriefing - are covering this story. Galaxy's AI data center business generated its first revenue as weaker crypto prices offset gains from institutional trading and digital asset services.
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Galaxy Posts $85M Q2 Loss as Crypto Weakness Hits Earnings
Galaxy's AI data center business generated its first revenue as weaker crypto prices offset gains from institutional trading and digital asset services.
Galaxy Digital posts $85M Q2 loss, but its data center bet is starting to pay off
Galaxy Digital's strategic pivot towards AI infrastructure could stabilize its financials, but heavy reliance on CoreWeave poses risks. The post Galaxy Digital posts $85M Q2 loss, but its data center bet is starting to pay off appeared firs…