US Stock Movement: Galaxy Digital surged on October 28th—third quarter turned profitable, data center growth, and a $200 million buyback

Galaxy Digital October 28 Surge Analysis

Keywords: Q3 turned profitable, data center growth, $200 million buyback

1. On October 27, the company announced a net profit of $323 million for the third quarter, reversing a loss of $85 million in the second quarter; adjusted earnings per share were $0.83, and adjusted EBITDA was $455 million.

2. On October 27, the company's data center business reported adjusted EBITDA of $69 million for the third quarter, higher than the $11 million in the second quarter; Phase I of Helios I delivered a critical IT load of 133 MW to CoreWeave, with the third quarter being the first full revenue-generating quarter for the project.

3. On October 27, the company's Board of Directors approved an additional stock buyback authorization of up to $200 million. A previous buyback plan had already been completed.

(Disclaimer: This content is generated by AI technology summarizing publicly available information and is for reference only. It does not constitute investment advice.)