TechFlow News, April 10: According to The Block, Galaxy Digital released its full-year 2025 financial results. Although the company reported a net loss of $241 million for the year, its core business achieved profitability on a non-GAAP basis. Specifically, its digital asset business segment—which includes trading, lending, asset management, and staking services—generated adjusted gross profit of $505 million. Boosted by this performance, GLXY’s stock closed up 11.3% on the day at $21.15.
CEO Mike Novogratz stated that the company’s Helios data center has received ERCOT approval to expand its capacity to 1.6 gigawatts, with CoreWeave having signed a long-term agreement to lease 800 megawatts. This secures a stable, long-term revenue stream. He emphasized that the industry is shifting from “narrative-driven” to “infrastructure-driven,” and Galaxy will continue focusing on core areas including institutional markets, asset management, on-chain infrastructure, and AI data centers.
