{
  "id": 177250,
  "title": "Galaxy reports $85M net loss amid Q2 crypto market slump",
  "url": "https://urgent.news/2026/08/05/galaxy-reports-85m-net-loss-amid-q2-crypto-market-slump",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T13:20:58.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/galaxy-85m-loss-q2-crypto-market-slump"
  },
  "original_language": "en",
  "account": "Galaxy Digital posted a $85 million net loss for Q2 2026 due to falling digital asset prices, despite generating $8.7 billion in revenue – a 15% decrease from the prior quarter. Analysts had forecast a higher revenue of $12.7 billion for the period. The company's shares dropped 6.2% in premarket trading, marking a nearly 10% decline over the past month. Cryptocurrency valuations declined throughout the quarter, leading to a $0.09 loss per share. Despite the loss, Galaxy reported $66 million in adjusted gross profit and $11 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), marking a 34% quarter-over-quarter increase. This growth suggests the company's business model is less reliant on digital asset prices. The company also generated $20 million in adjusted gross profit from its AI data centers, driven by capacity expansion for CoreWeave. Galaxy anticipates $1 billion in annual revenue from its 15-year partnership with CoreWeave, having secured $1.4 billion to expand its Texas Helios AI data center.",
  "summary": "Galaxy Digital reported an $85 million net loss driven by falling digital asset prices and $8.7 billion in revenue that missed Wall Street estimates.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}