Galaxy Digital Q3 net loss of $94 million

Galaxy Digital Holdings Ltd. reported a net loss of $94 million in Q3, a significant increase from the $68 million loss in the same period last year. This number also increased from the $46 million loss recorded in the second quarter, contrary to the consensus estimate that the company's losses would remain relatively stable at around $44 million. Despite the losses, Galaxy Digital Holdings Ltd.'s diversified businesses in trading, asset management, and mining have shown resilience. The company's trading revenue was $14 million, slightly lower than the previous quarter.