Galaxy Digital (GLXY) Jumps to All-Time High on Return to Profitability

We recently published 10 Stocks Leaving Wall Street in the Dust. Galaxy Digital (NASDAQ:GLXY) is one of the best performers on Tuesday.

Galaxy Digital propelled to a new all-time high on Tuesday following its return to profitability, surging by as much as 1,600 percent in the third quarter of the year.

During the intra-day trading, Galaxy Digital (NASDAQ:GLXY) jumped to a new high of $45.92 before paring gains to finish the day just up by 8.1 percent at $42.86 apiece.

In an updated report, Galaxy Digital (NASDAQ:GLXY) swung to a net income of $505 million, a whopping 1,615-percent improvement from a $33.3 million net loss in the same period last year. Revenues soared by 231 percent to $28.4 billion from $8.57 billion year-on-year.

According to the company, the strong performance was bolstered by record volumes in its digital asset trading operations.

For the high-performance computing (HPC) business, Galaxy Digital (NASDAQ:GLXY) said it remains on track to deliver the first phase of its critical IT load capacity commitment to CoreWeave in the first half of 2026, covering a total of 133 MW.

Additionally, CoreWeave exercised its final option to access an additional 133 MW of critical IT load from the Helios data center, bringing its total commitment to the full 800 MW of the campus’s maximum power capacity.

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Disclosure: None. This article is originally published at Insider Monkey.