Galaxy Digital Holdings ( (BRPHF) ) has released its Q4 earnings. Here is a breakdown of the information Galaxy Digital Holdings presented to its investors.
Galaxy Digital Holdings Ltd. is a prominent player in the digital asset and blockchain sector, offering a wide range of services including trading, asset management, and digital infrastructure solutions. The company is headquartered in New York City and operates globally.
In its latest earnings report, Galaxy Digital announced a net income of $174 million for the fourth quarter of 2024 and $365 million for the full year, despite a significant legal provision of $166 million. The company also highlighted its strategic initiatives, including a 15-year lease agreement with CoreWeave to support AI and HPC infrastructure, and ongoing efforts to list on Nasdaq.
Key financial metrics revealed a strong performance in counterparty trading and advisory revenue, which grew by 26% quarter-over-quarter, and a notable increase in assets under management, reaching $5.7 billion by the end of 2024. The company also reported a 147% rise in net blockchain rewards for the fourth quarter, driven by organic growth and strategic acquisitions.
Looking ahead, Galaxy Digital is focused on completing its reorganization and Nasdaq listing, while continuing to expand its digital infrastructure capabilities. The company anticipates generating significant revenue from its long-term lease agreement with CoreWeave and remains committed to capitalizing on the growing demand for digital asset solutions.