Galaxy Digital posts $85M Q2 net loss, accelerates data center shift

Galaxy Digital (GLXY) posted a net loss of $85 million in the second quarter, while holding $2.46 billion in cash and stablecoins and accelerating its expansion into AI and high-performance computing data centers, according to a filing. The company’s data center segment generated $20 million in revenue, with related revenue expected to ramp up in the third quarter.