Exchanges· ★★★· neutral·

Galaxy's AI data centers bring $79M in lease revenue, segment posts $435K net loss

  • —Helios I Phase I lease revenue hit $79M with $69M in adjusted EBITDA
  • —Data Centers segment posted a $435K net loss for the quarter
  • —Group net income was $323M, with Treasury & Corporate contributing $348M
  • —Q3 data-center capex reached $757M; Phase II deliveries due in Q2 2027
Why it matters: AI leasing is becoming Galaxy's second revenue stream, but project debt and reliance on CoreWeave leave it exposed to crypto volatility.
Source: CryptoSlate
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