Mike Novogratz’s Galaxy Digital reported a net income of $30.7 million for the second quarter of 2025, or $0.08 per diluted share, marking a sharp turnaround from a net loss of $295 million in Q1 2025. However, markets reacted negatively, dropping share prices nearly 8% as of writing to $26.66. The Manhattan-based firm announced AI-tenant CoreWeave has committed to the remaining portion of the available 800 MW of power capacity at the Helios-data campus in Dickens County, Texas. Galaxy also agreed to acquire 160 acres and an additional 1 gigawatt (GW) of power at the same campus, boosting its total energy footprint to 3.5 GW in the region. $GLXY @galaxyhq $CRWV @CoreWeave