- CoreWeave added IT capacity at Helios campus, while Rosenblatt maintained a Buy rating on Galaxy Digital.
- Galaxy expanded its Texas development pipeline and delivered a new phase of the Helios data center campus to CoreWeave.
Galaxy reports $323M net income, highlights data center leasing revenue
1 report, 1 independent
Updated Nov 4
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What happened
Galaxy reported net income of $323 million for the third quarter of 2026. The company stated that its data center leasing operations are diversifying earnings. Phase I of the Helios campus in Texas currently generates approximately $80 million in leasing revenue per quarter.
From fool.com
Why it matters
The steady rental income from the data center campus helps stabilize Galaxy's financial profile and reduces reliance on volatile trading markets. Management expects annualized leasing revenue to reach between $80 million and $150 million by the end of 2027 as Phase II comes online.
Galaxy expanded its Texas development pipeline and delivered a new phase of the Helios data center campus to CoreWeave.
From fool.com