Galaxy Digital (GLXY) Stock Jumps 10% as Q3 Flips to a $323 Million Profit

TLDR Galaxy Digital (GLXY) stock closed up more than 9.5% at $17.18 on Tuesday after the firm reported Q3 net income of $323 million. The result reverses an $85 million loss in Q2. Adjusted EBITDA came in at $455 million. Data center adjusted gross profit rose to $79 million, nearly four times the prior quarter. The board approved a new $200 million buyback on Oct. 26, after the last program finished on Oct. 15. Trading volumes rose 12% and the average loan book grew 27% to $1.8 billion. Galaxy Digital (GLXY) stock closed Tuesday up more than 9.5% at $17.18 after the company posted a third-quarter profit. The stock is still down about 23% since the start of the year.

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