Galaxy Digital Posts Strong Q1 Results, Plans Expansion

Galaxy Digital Posts Strong Q1 Results, Plans Expansion

Galaxy Digital Holdings (TSE:GLXY) has released an update.

Galaxy Digital Holdings Ltd. reported a robust start to 2024 with equity capital increasing to $2.2 billion and a significant rise in net income to $422 million for the first quarter. The company’s Galaxy Mining division also saw a record $31.5 million in bitcoin mining revenue, reflecting a strong operational performance. Additionally, Galaxy is progressing with its US listing efforts and reorganization, and has completed a $125 million equity capital raise to fuel further expansion.

For further insights into TSE:GLXY stock, check out TipRanks’ Stock Analysis page.

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