Galaxy Digital Posts $323M Q3 Profit, Announces $200M Buyback
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Galaxy Digital shares rose Tuesday after the company reported a $323 million third-quarter profit and announced a $200 million share buyback plan.
Galaxy Digital reported net income of $323 million for the third quarter of 2026, returning to profit. Its shares gained on Tuesday after the results were announced.
Investment portfolio gains and fast growth in its AI data center business helped counter ongoing losses in the company’s core digital assets division.
The cryptocurrency investment company, led by Mike Novogratz, also announced a $200 million share repurchase plan. The results highlighted the contribution of its investments and AI infrastructure operations to overall earnings.
Source: Bitcoin.com News
