Here’s why GLXY stock price soared to an ATH after earnings
The post Here’s why GLXY stock price soared to an ATH after earnings appeared on BitcoinEthereumNews.com.
GLXY’s stock price popped 10% and hit a record high after the company published strong earnings, and optimism around its artificial intelligence business grew. Summary GLXY stock jumped to a record high after publishing strong earnings. Its markets income and assets under management soared. Technical analysis suggests that the Galaxy stock price has more upside. Galaxy Digital soared to a high of $44.3, up 420% from its lowest level in April. This growth has brought its market cap to over $15 billion. GLXY stock jumped after its earnings showed that its business was growing across the board. Its net income soared to $515 million, while its EBITDA soared to $629 million. Galaxy’s Global Markets business generated a gross profit of $295 million as its digital asset trading volume increased 140%. This growth may accelerate in the coming quarters following the launch of GalaxyOne. GalaxyOne is a retail-focused platform offering high-yield accounts and commission-free stock and crypto trading solutions. The asset management and infrastructure solutions generated a gross profit of $23 million as assets under management hit $9 billion. Its staking assets rose to $7 billion. Another main catalyst for the GLXY stock price surge is the company’s ongoing pivot to the artificial intelligence industry. The company is now building the Helios Data Center, which will deliver 133 MW of critical IT load in the first half of next year. Galaxy has already secured CoreWeave, a $70 billion company, as a client. CoreWeave counts top blue-chip companies like OpenAI and Microsoft. Also, Galaxy has already secured financing for the first phase of Helios. Companies offering data center solutions have gained traction among investors after several major deals. For example, CoreWeave recently announced a $14 billion deal with Meta Platforms, while Nebius made a $14 billion deal with Microsoft. Top crypto companies…
Filed under: News - @ October 21, 2025 6:29 pm