On August 11, Galaxy Digital Holdings Ltd. rose 7.27% in regular trading, trading at $20.375/share, with turnover of $9.11 million. The rally was driven by the company's strong data center business guidance signaling a significant revenue inflection starting in Q3.

Specifically, the company's Helios campus Phase I, with 133 megawatts of critical IT load, has been fully operational and delivered to CoreWeave under a 15-year lease agreement. Beginning in Q3, quarterly lease revenue is expected to reach approximately $80 million, with adjusted project-level EBITDA margins exceeding 90%. Additionally, the company previously completed a $3.51 billion senior secured notes offering at 9.875% due 2031 to finance the construction of eight data halls totaling 400 MW of utility capacity, and acquired 500 acres in McGregor, Texas, for a second campus with initial power expected in 2028.

While Q2 revenue of $8.56 billion missed analyst estimates of $8.92 billion and the company swung to an adjusted loss of $0.09 per share, the market appears to have digested that near-term shortfall and refocused on the high-visibility data center revenue growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)