On August 12, Galaxy Digital Holdings Ltd. rose 5.27% in pre-market trading, trading at $21.05/share with turnover of $729,800, extending momentum from the prior session's 7.27% gain.

On the news front, the company's data center business guidance remains the key catalyst. The Helios campus Phase I, delivering 133 megawatts of critical IT load to CoreWeave under a 15-year lease agreement, is now fully operational. Starting Q3, quarterly rental revenue is expected to reach approximately $80 million, with adjusted project-level EBITDA margins exceeding 90%. Additionally, the company previously completed pricing of $3.51 billion in senior secured notes due 2031 to finance construction of eight data halls in Texas with 260 MW of critical IT capacity, and acquired 500 acres in McGregor, Texas for a second campus with initial power expected in 2028.

Although Q2 revenue of $8.56 million missed the $11.63 billion estimate and adjusted EPS of -$0.09 represented a year-over-year decline, the market has shifted focus to the high-certainty data center revenue growth trajectory following the digestion of initial earnings headwinds.

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