Galaxy Digital (GLXY) reached an all-time high on Tuesday after returning to profitability, with a 1,600 percent surge in the third quarter. The company reported a net income of $505 million, a significant improvement from last year’s $33.3 million loss. Revenues increased by 231 percent to $28.4 billion.

The strong performance was attributed to record volumes in digital asset trading operations. Galaxy Digital is on track to deliver the first phase of its critical IT load capacity commitment to CoreWeave by the first half of 2026, totaling 133 MW. CoreWeave exercised its final option for an additional 133 MW.

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Read more at Yahoo Finance: Galaxy Digital (GLXY) Jumps to All-Time High on Return to Profitability