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Galaxy Digital swings to $323 million third-quarter profit
Galaxy Digital posted net income of $323 million in the third quarter, turning around an $85 million loss in the previous quarter. Adjusted gross profit reached $569 million, while adjusted EBITDA was $455 million, compared with $43 million and negative $77 million, respectively, in the prior quarter. Net income was below the $505 million recorded a year earlier. Digital asset trading volumes increased 12% from the previous quarter, and the average loan book grew 27% to $1.8 billion.
Data centers generated $79 million in adjusted gross profit, nearly four times the previous quarter’s figure…
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