BTC $64,576.48 +1.06%
ETH $1,886.89 +1.07%
BNB $598.97 +1.16%
XRP $1.06 -0.65%
SOL $74.17 +0.83%
TRX $0.3276 -0.95%
DOGE $0.0700 -0.17%
ADA $0.1906 -0.59%
BCH $213.82 +0.64%
LINK $8.18 +0.17%
HYPE $57.44 +3.92%
AAVE $90.46 +0.89%
SUI $0.6907 -0.25%
XLM $0.1666 -1.04%
ZEC $519.16 +5.26%
BTC $64,576.48 +1.06%
ETH $1,886.89 +1.07%
BNB $598.97 +1.16%
XRP $1.06 -0.65%
SOL $74.17 +0.83%
TRX $0.3276 -0.95%
DOGE $0.0700 -0.17%
ADA $0.1906 -0.59%
BCH $213.82 +0.64%
LINK $8.18 +0.17%
HYPE $57.44 +3.92%
AAVE $90.46 +0.89%
SUI $0.6907 -0.25%
XLM $0.1666 -1.04%
ZEC $519.16 +5.26%

irs

All
Article
Flash

Galaxy Q2 Financial Report: Net loss of 85.31 million USD, data center business profitable in the first quarter

Galaxy Digital (Nasdaq: GLXY) released its Q2 2026 financial report, reporting a net loss of $85.31 million, significantly narrowing from a loss of $216.3 million in Q1, mainly affected by the decline in digital asset prices; adjusted EBITDA was a loss of $77.26 million; as of June 30, total equity was $2.72 billion, with cash and stablecoin holdings of $2.459 billion.In terms of business segments, the digital asset department reported an adjusted gross profit of $65.71 million, a quarter-on-quarter increase of 34%, with the number of trading counterparties reaching 1,741, a quarter-on-quarter increase of 3%, and an average loan balance of $1.438 billion, remaining basically flat quarter-on-quarter, with new loan issuance increasing quarter-on-quarter; the company also launched an OTC prediction market product this quarter, supporting institutional clients in executing multi-asset hedging strategies around event-driven markets. In asset management, the total managed and pledged assets at the end of Q2 were $7.1 billion, a quarter-on-quarter decrease of 12%; this quarter, the Galaxy Fintech Fund long-short hedge fund was newly launched, and a joint venture with State Street was established to launch the tokenized private equity liquidity fund SWEEP.The data center department achieved profitability for the first time this quarter, with an adjusted gross profit of $20.14 million and adjusted EBITDA of $11.49 million. The first phase of the Helios data center park, with a critical IT load of 133 MW, has been fully delivered to CoreWeave, and it is expected to contribute approximately $8 million in rental income each quarter starting from Q3, with project-level adjusted EBITDA profit margins expected to exceed 90%.In terms of corporate progress, on July 28, Galaxy issued $3.5 billion in senior secured notes through its subsidiary to fund the second phase of Helios construction; subsequently, it acquired three new sites in Texas (Merlin, Caspian, Selene), with a total potential installed capacity of approximately 2.1 GW, bringing the company's overall power pipeline scale to over 5.7 GW. Additionally, Galaxy signed a multi-year cooperation agreement with BNY to support the staking services of BNY's digital asset custody platform.

hot_img DeepSeek V4 Flash's weekly call volume exceeds 70 trillion tokens, ranking first in the world, with four out of the top five domestic models

According to data from the multi-model aggregation platform OpenRouter, from July 27 to August 2, DeepSeek V4 Flash topped the global AI large model usage ranking with a call volume of 7.22 trillion tokens. Data from the open-source platform OpenCode shows that this model alone processed 8 trillion tokens on August 1. Four out of the top five positions are occupied by Chinese large models: Xiaomi's MiMo-V2.5 (5.1 trillion), Tencent's Hunyuan Hy3 (5.01 trillion), and another DeepSeek V4 Flash model (3.45 trillion) ranked second to fourth, while OpenAI GPT-5.6 Luna (2.99 trillion, a month-on-month increase of 738%) ranked fifth.The total call volume of Chinese large models last week reached 28.13 trillion tokens, surpassing the United States for 14 consecutive weeks, firmly holding the top position globally. The previously highly anticipated Kimi K3 fell out of the top ten this week, ranking 12th. It is noteworthy that free models are capturing an increasing share of traffic, with some models experiencing month-on-month growth exceeding 50%. Analysis indicates that domestic models have shifted from price competition to relying on inference performance and stable service capabilities, but companies like OpenAI and Anthropic continue to iterate, accelerating the internal competition and the pace of product iteration will determine user retention capabilities.

hot_img SpaceX will release its first quarterly report after going public on Tuesday after the market closes, with its stock price down nearly 50% from its peak, as the market focuses on Starlink, AI, and lock-up pressure

SpaceX will release its first earnings report since going public after the U.S. stock market closes on Tuesday, with the market focusing on the operational performance of its three major businesses: Starlink, Starship, and AI. Since its listing on June 12, SpaceX's stock price has continued to decline, closing at $114.53 on Monday, about 15% lower than the offering price of $135, and nearly 50% down from its historical high of $225.64, with a market value evaporating by over $500 billion. Visible Alpha estimates its Q2 revenue to be around $6.9 billion, primarily driven by Starlink. In terms of AI business, SpaceX previously acquired xAI and established computing power supply collaborations with Google, Anthropic, and others, with Q1 AI business revenue reaching $818 million. Additionally, the Starship's 13th test flight was recently completed, but the booster recovery experienced a hard landing.After this earnings report, SpaceX will face a lock-up period expiration on Thursday, with approximately 911 million shares (valued at about $100 billion) becoming tradable, raising market concerns about potential selling pressure. Data from S3 Partners shows that investors shorting SpaceX have realized gains of about $8.3 billion. Institutions like New Street and Yorkville Advisors believe that the pullback may provide an entry opportunity for long-term investors, with the ultimate trend depending on the strategic signals released by Musk during the conference call.
app_icon
ChainCatcher Building the Web3 world with innovations.