Galaxy Digital Shares Rise Following $323M Q3 Profit, New $200M Buyback Plan

Galaxy Digital returned to profitability in the third quarter of 2026, reporting $323 million in net income as gains from its investment portfolio and rapid growth in its AI data center business helped offset continued losses in its core digital assets division. Shares were up on Tuesday following the announcement. The Mike Novogratz-led cryptocurrency investment firm reported Tuesday that it earned $323 million during the three months ended Sept. 30, reversing an $85 million loss in the second quarter. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $455 million, compared with a $77 million loss in the previous quarter. Galaxy reported adjusted gross profit of $569 million, up sharply from $43 million in the second quarter.

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