CryptoSlate· Liam 'Akiba' Wright·· 3d ago
Galaxy Digital reports $79 million in AI data-center lease revenue and a small net loss for Q3
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AI brief
Galaxy Digital's AI data-center leasing generated $79 million in revenue during Q3, with all 133 megawatts of critical IT load delivered by end of Q2. The Data Centers segment posted a $435,000 net loss, but reported $69 million in adjusted EBITDA. This operating contribution is substantial for a business still exposed to digital-asset swings, though financing expenses and other adjustments kept the segment slightly in the red.
Source: CryptoSlate · cryptoslate.com