Crypto News: Galaxy Reports 1500% Profit Surge with Helios Leading Growth

Galaxy Digital achieved a dramatic 1500% jump in net income during the third quarter of 2025, fueled by record trading volumes and progress on its Helios data center project.

The firm posted a net income of $505 million and adjusted earnings of $629 million, marking one of its strongest quarters ever in digital asset financial services.

Helios—the company’s high-performance computing (HPC) campus in Texas—secured full commitment of 800 megawatts (MW) capacity from CoreWeave, a cloud infrastructure firm focused on AI workloads.

This milestone, alongside a $1.4 billion project financing, places Helios on track for initial power activation by December 2025.

Galaxy anticipates Helios will become a substantial revenue driver starting mid-2026.

Record Trading Spikes Propel Galaxy’s Growth

Galaxy Digital’s third-quarter revenue soared to $29 billion, more than doubling analyst expectations of $16 billion.

The surge was driven by a 140% increase in digital asset trading volumes, spearheaded by both spot and derivatives markets.

Notably, the company executed a $9 billion bitcoin trade for a client, involving over 80,000 bitcoins—the largest crypto trade recorded this year.

The company’s digital asset business delivered $318 million in adjusted gross profit, with its treasury segment generating $408 million.

Treasury companies, holding Bitcoin, Ethereum, and other crypto assets, accounted for over half of Galaxy’s $9 billion assets under management.

These treasury mandates alone add $4.5 billion in assets, contributing $40 million in recurring fees annually.

“We continue to see strong momentum in digital asset trading driven by institutional participation,” said Galaxy CEO Mike Novogratz. “Our Helios campus advances our commitment to high-performance computing and AI infrastructure, which we expect to drive future revenue growth.”

Helios Data Center Positions Galaxy at AI and HPC Forefront

Galaxy’s Helios campus has grown to over 1,500 acres with potential power capacity exceeding 2.7 gigawatts (GW).

CoreWeave’s full commitment to an 800 MW lease demonstrates strong demand for AI and HPC infrastructure in North America.

The project financing secured from Deutsche Bank provides robust capital support for Helios’s buildout.

Helios is slated for phased delivery, with the first 133 MW of IT load expected in the first half of 2026, followed by additional phases through 2027 and beyond.

Industry observers note that Galaxy’s expansion into data centers aligns with trends toward digital asset firms diversifying into AI infrastructure, capitalizing on skyrocketing demand for computing power.

Galaxy’s stock price reacted positively, jumping around 9% following the earnings announcement, reflecting investor confidence in its diversified growth strategy.