Galaxy Digital Posts Strong Q1 2024 Results
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Galaxy Digital Posts Strong Q1 2024 Results

Galaxy Digital Holdings (TSE:GLXY) has released an update.

Galaxy Digital Holdings reported a robust first quarter for 2024, with equity capital increasing to $2.2 billion and net income rising to $422 million, marking significant improvements from the previous quarter. The company’s Galaxy Mining division also achieved a record bitcoin mining revenue of $31.5 million, driven by a Hashrate Under Management of 5.7 exahash per second. In addition, Galaxy is advancing its US presence with a successful $125 million equity capital raise and plans for Nasdaq listing, pending regulatory approvals.

For further insights into TSE:GLXY stock, check out TipRanks’ Stock Analysis page.

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