Galaxy’s first full quarter of operations under the Helios I, Phase I lease with CoreWeave generated $69 million in adjusted EBITDA, while the company’s Data Centers segment posted a $435,000 net loss. Consolidated net income reached $323 million, driven by Treasury & Corporate, which remains exposed to digital assets and investments whose net value increased from about $1.2 billion to $1.7 billion. Galaxy spent $757 million on data-center capital expenditure and financed Helios Phase II with a $3.507 billion bond offering at a 9.875% interest rate, with deliveries scheduled for Q2 2027. CoreWeave, the Phase I tenant, reported $2.575 billion in revenue and a $626 million net loss, making its financial strength a key factor in the durability of Galaxy’s lease income.
Source: Read the original article
