Saturday, June 28, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Galaxy Digital Sees Revenue and Profit Growth on Record Mining Revenue

May 22, 2024
in Bitcoin
Reading Time: 1 min read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


Galaxy Digital Holdings disclosed strong development in income and income for the primary quarter, propelled by its mining operation’s distinctive efficiency amidst the cryptocurrency value surge.

The monetary companies agency centered on digital belongings revealed that its web earnings surged to $421.7 million ($1.23 per share) within the quarter ending March, marking a exceptional 214% enhance in comparison with the identical interval final 12 months. This vital bottom-line development was underpinned by a surge in income, which reached $259.7 million, up from $146.7 million year-on-year. These spectacular outcomes sign Galaxy’s restoration trajectory following a $1 billion web loss in 2022.

Breaking down the corporate’s enterprise segments, Galaxy’s mining operation emerged as a key contributor, producing $31.5 million in income. This division’s strong efficiency was pushed by a file hashrate of 5.7 exahash per second for mining transactions, demonstrating its resilience amidst market fluctuations. Notably, the mining operation’s income surge complemented comparable will increase recorded by Galaxy’s World Markets and Asset Administration divisions in the course of the first quarter.

In April, Galaxy secured $125 million in funding, earmarked for increasing its buying and selling operations and enhancing its mining infrastructure. This strategic transfer underscores Galaxy’s dedication to capitalizing on market alternatives and strengthening its place within the quickly evolving digital belongings panorama.

Featured Picture- Freepik

Please See Disclaimer



Source link

Tags: DigitalGalaxyGrowthMiningProfitrecordrevenueSees
Previous Post

Is Ethereum Set For A Major Rally? Options Traders Bet Big On $3,600+ Targets For June

Next Post

Wisconsin Investment Board Discloses $163M in Bitcoin ETFs

Related Posts

Salesforce CEO Marc Benioff Says His Company Will Have a Billion AI Agents by End of 2025
Bitcoin

Salesforce CEO Marc Benioff Says His Company Will Have a Billion AI Agents by End of 2025

June 28, 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally
Bitcoin

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally

June 28, 2025
29.02% Of Supply Locked Signals Long-Term Conviction
Bitcoin

29.02% Of Supply Locked Signals Long-Term Conviction

June 27, 2025
Bakkt’s Bitcoin Strategy: Company Files With SEC To Raise $1 Billion
Bitcoin

Bakkt’s Bitcoin Strategy: Company Files With SEC To Raise $1 Billion

June 28, 2025
The Fall Of Solana In The NFT Market – What Went Wrong?
Bitcoin

The Fall Of Solana In The NFT Market – What Went Wrong?

June 28, 2025
The Future of Crypto Security: Why True Self-Custody Is Essential – Insights from Andrey Lazutkin, CTO of Tangem
Bitcoin

The Future of Crypto Security: Why True Self-Custody Is Essential – Insights from Andrey Lazutkin, CTO of Tangem

June 27, 2025
Next Post
Wisconsin Investment Board Discloses $163M in Bitcoin ETFs

Wisconsin Investment Board Discloses $163M in Bitcoin ETFs

A Denial Of Service Attack On Bitcoin Consensus

A Denial Of Service Attack On Bitcoin Consensus

Coinbase Reports Outage, Assures Safety of Funds

Coinbase Reports Outage, Assures Safety of Funds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In