BenzingaDoubao · 实盘不做把握 7/10不做原因:无增量信息
北京时间·🕒 发布 00:46:39·⟳ 抓取 00:47:15 +36s·⚡ 决策 10-28 00:48:18 +1m03s·2.1 小时前
Galaxy Digital Q3扭亏净利3.23亿美元、数据中心放量并新增2亿美元回购——同一份财报的盘中媒体跟进稿，无新增事实
跨源查重命中同一具体催化：公司IR已于10-27 12:35 UTC盘前首发Q3财报，本臂在12:35/12:46/12:59/13:41/14:14/14:41 UTC已六次研判，覆盖Investing.com、Bloomberg、The Block、Benzinga等源。本条16:46 UTC的Benzinga稿所有数字（3.23亿净利、5.69亿毛利、4.55亿EBITDA、7900万数据中心毛利、133MW CoreWeave交付、2亿回购、5.7GW管线、2027年8-8.5亿租赁收入指引）均出自同一份财报与同一场业绩会，无任何新增事实。
📄 原文Benzinga↗ 原文
Galaxy Digital Posts $323M Profit as AI Expansion Gains Steam
Galaxy Digital (NASDAQ:GLXY) swung back to profit in the third quarter, posting $323 million in net income after an $85…
不做 Galaxy Digital（GLXY.US）
重复信号：本条Benzinga稿与公司IR盘前首发（12:35 UTC）及本臂当日六次已决策的是同一份Q3财报，无新增事实；EPS大超预期但营收miss，盘前+13%冲高已回落，利好正在被兑现（sell-the-news），盘中追入风险收益比不足
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
这是Galaxy Digital Q3财报的又一篇盘中媒体跟进稿，事实全部已在12:35 UTC公司IR首发稿中并被本臂六次研判为不做；EPS大超预期但营收miss，盘前冲高+13%后持续回落，利好正在被兑现，无新增edge。
🔎 新鲜度:最早出现 2026-10-27 · 扩散 high · price-in 风险 high ↗
主要风险
- 营收87亿美元低于一致预期（约114-122亿美元口径），EPS超预期主要靠资产重估而非经营性改善，质量存疑
- 盘前+13%冲高后已回落至盘中个位数涨幅，叠加近20日约-32%下行趋势，sell-the-news与追高风险显著
先例如何影响了这次决策
对本次决策的影响:查重命中同一催化且无新增事实，按早停规则直接AVOID，不再补充先例或行情
方向:重复信号早停，无需再做先例研究
涨幅量级:不适用
形态:不适用
工具执行结果 · 成功 1 · 降级 0 · 失败 0 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 655 ms
{"result": "search_processed_events:agent query=`galaxy digital glxy third quarter results data center helios coreweave buyback | galaxy digital q3 2026 earnings net income 323 million`；结构化索引覆盖完整 72 小时；旧记录兼容扫描近 62.4/72 小时、6980 条本臂决策(完整)，返回 5 条候选。\n• 10-27 12:46 UTC(北京 20:46) [bm25:63%] 不做 GLXY.US (i
原文全文
展开原文 · 3,025 字
Galaxy Digital (NASDAQ:GLXY) swung back to profit in the third quarter, posting $323 million in net income after an $85 million loss the prior quarter.
Why Galaxy’s Treasury Business Drove the Turnaround
Galaxy’s Treasury and Corporate segment generated $419 million in adjusted gross profit, compared with a $42 million loss in the second quarter.
Management attributed the gains largely to higher valuations of its digital asset holdings and private investments, including positions in AI chip startup Etched and Solana (CRYPTO: SOL) treasury firm Forward Industries (NASDAQ:FWDI).
Here’s how the broader numbers moved:
- Adjusted gross profit: $569 million, up from $43 million.
- Adjusted EBITDA: $455 million, up from negative $77 million.
- Net income: $323 million, still below the $505 million posted a year earlier.
Why Trading and Lending Also Picked Up
Digital asset trading volumes rose 12% quarter over quarter, even as broader spot-market volumes declined.
Galaxy’s average loan book expanded 27% to $1.8 billion, partly driven by its Galaxy Onchain Financing Rate product, launched in July, which draws on DeFi lending markets including Aave and Morpho.
Adjusted gross profit from digital assets rose to $71 million from $66 million, though the division still posted a $9 million adjusted EBITDA loss, which management said would have been profitable without a one-time accounting adjustment.
Why Data Centers Are Becoming a Bigger Piece of the Story
Galaxy’s data center business generated $79 million in adjusted gross profit, nearly four times the $20 million posted the prior quarter, with adjusted EBITDA reaching $69 million.
The results mark the first full quarter of revenue from Galaxy’s Helios I Phase I lease in Texas, after delivering all 133 megawatts of critical IT capacity to CoreWeave by June.
CEO Mike Novogratz said on the earnings call that Galaxy expects to exit 2027 with annualized leasing revenue between $800 million and $850 million as Helios I Phase II comes online, while Galaxy’s data center power pipeline now exceeds 5.7 gigawatts.
He also said Galaxy passed on a potential Helios II leasing deal this summer, after tightening power supplies and rising AI demand prompted the firm to reconsider the terms on offer.
"Galaxy delivered a strong third quarter, reflecting the strength of our established Digital Assets franchise, significant appreciation across our investments portfolio, and the growing contribution from our Data Centers business," Novogratz said.
What Else Investors Should Know
Combined assets under management and assets under stake reached $10.4 billion, up 46% from June. Galaxy ended September with $3 billion in equity and $4.9 billion in cash, stablecoins and Treasuries.
The board authorized a new $200 million share buyback on Oct. 26, after completing its previous $200 million authorization on Oct. 15 by repurchasing roughly 9.8 million shares.
Image: Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Why Galaxy’s Treasury Business Drove the Turnaround
Galaxy’s Treasury and Corporate segment generated $419 million in adjusted gross profit, compared with a $42 million loss in the second quarter.
Management attributed the gains largely to higher valuations of its digital asset holdings and private investments, including positions in AI chip startup Etched and Solana (CRYPTO: SOL) treasury firm Forward Industries (NASDAQ:FWDI).
Here’s how the broader numbers moved:
- Adjusted gross profit: $569 million, up from $43 million.
- Adjusted EBITDA: $455 million, up from negative $77 million.
- Net income: $323 million, still below the $505 million posted a year earlier.
Why Trading and Lending Also Picked Up
Digital asset trading volumes rose 12% quarter over quarter, even as broader spot-market volumes declined.
Galaxy’s average loan book expanded 27% to $1.8 billion, partly driven by its Galaxy Onchain Financing Rate product, launched in July, which draws on DeFi lending markets including Aave and Morpho.
Adjusted gross profit from digital assets rose to $71 million from $66 million, though the division still posted a $9 million adjusted EBITDA loss, which management said would have been profitable without a one-time accounting adjustment.
Why Data Centers Are Becoming a Bigger Piece of the Story
Galaxy’s data center business generated $79 million in adjusted gross profit, nearly four times the $20 million posted the prior quarter, with adjusted EBITDA reaching $69 million.
The results mark the first full quarter of revenue from Galaxy’s Helios I Phase I lease in Texas, after delivering all 133 megawatts of critical IT capacity to CoreWeave by June.
CEO Mike Novogratz said on the earnings call that Galaxy expects to exit 2027 with annualized leasing revenue between $800 million and $850 million as Helios I Phase II comes online, while Galaxy’s data center power pipeline now exceeds 5.7 gigawatts.
He also said Galaxy passed on a potential Helios II leasing deal this summer, after tightening power supplies and rising AI demand prompted the firm to reconsider the terms on offer.
"Galaxy delivered a strong third quarter, reflecting the strength of our established Digital Assets franchise, significant appreciation across our investments portfolio, and the growing contribution from our Data Centers business," Novogratz said.
What Else Investors Should Know
Combined assets under management and assets under stake reached $10.4 billion, up 46% from June. Galaxy ended September with $3 billion in equity and $4.9 billion in cash, stablecoins and Treasuries.
The board authorized a new $200 million share buyback on Oct. 26, after completing its previous $200 million authorization on Oct. 15 by repurchasing roughly 9.8 million shares.
Image: Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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