Galaxy Announces Second Quarter 2023 Financial Results
NEW YORK, Aug. 8, 2023 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) (the "Company" or "GDH Ltd.") today released financial results for the three and six months ended June 30, 2023 for both itself and Galaxy Digital Holdings LP (the "Partnership" or "GDH LP").
- NEW YORK, Aug. 8, 2023 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) (the "Company" or "GDH Ltd.") today released financial results for the three and six months ended June 30, 2023 for both itself and Galaxy Digital Holdings LP (the "Partnership" or "GDH LP").
- Net loss was $46.0 million for the second quarter, compared to net income of $134.2 million for the quarter ended March 31, 2023.
- Operating expenses were $85.2 million in the second quarter, down 6% quarter-over-quarter ("QoQ")1 and 34% year-over-year.
- Galaxy ended the quarter with approximately 3.7 exahash per second ("EH/s") in Hashrate Under Management ("HUM")11, representing an over 20% increase QoQ.