Galaxy Digital shares fell more than 13% Wednesday morning after reporting an $85 million net loss for the second quarter, driven primarily by the depreciation of digital asset prices. The company narrowed its net loss from $216 million in the first quarter, with adjusted EBITDA improving to a loss of $77 million from $188 million. The Digital Assets segment produced $66 million in adjusted gross profit, up 34% quarter-over-quarter. The Helios data center division generated its first revenue after delivering all 133 megawatts leased to CoreWeave, with quarterly leasing revenue expected to reach approximately $80 million starting in the third quarter.
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