Galaxy Digital reported a net loss of $177 million in Q2, with a net income of nearly $245 million for the first half of the year

ChainCatcher news, according to CoinDesk, due to the pullback in the cryptocurrency market, digital asset financial services company Galaxy Digital (GLXY) reported a net loss of $177 million in the second quarter, nearly four times that of the same period last year.

In addition, in the first half of the year, Galaxy's net revenue was nearly $245 million, an increase of over 175% compared to the first half of 2023.