Galaxy Digital Inc. returned to profitability in the second quarter, posting net income of $30.7 million, or $0.08 a share, after a $295 million loss three months earlier. Despite the turnaround, the result fell short of analyst expectations, and revenue dropped 30% sequentially to $9.06 billion, missing consensus estimates and sending the stock about 4.5% lower in after-hours trading. The rebound was driven by mark-to-market gains on digital‐asset holdings and stronger performance in global markets, which helped lift adjusted EBITDA to $211 million from a $290 million deficit in the prior quarter. Total assets rose to $9.1 billion and total equity to $2.6 billion, while cash and stablecoin holdings held steady near $1.2 billion. Trading volumes declined 22% amid softer spot activity, though the firm said it outpaced broader market trends. Chief Executive Officer Mike Novogratz told investors that July was the company's best month on record, underscoring momentum since Galaxy’s May listing on Nasdaq. He added that demand for institutional crypto trading, lending and advisory services remains resilient even as market volatility persists. Galaxy is also scaling its high-performance computing ambitions. Partner CoreWeave exercised its final option to take the full 800 MW of capacity at the firm’s Helios data-center campus, a lease Galaxy projects will generate roughly $1.2 billion in average annual revenue once deliveries begin in 2026. Separately, an adjacent land deal lifts the campus’s potential power capacity to 3.5 GW, positioning the company to capture growing demand for artificial-intelligence and other compute-intensive workloads.