Galaxy Digital Quarter 1, a financial services company focused on digital assets, saw a significant increase in revenue and profits, thanks to the growth of its mining business revenue. Specifically, Galaxy Digital Quarter 1's net profit increased to $421.70 million ($1.23 per share), an increase of about 214% from the same period last year. Company revenue increased from $146.70 million in the same period last year to $259.70 million. According to the company's business scope, Galaxy's mining business revenue was $31.50 million, which was the majority of the company's overall revenue growth.
In April, Galaxy raised $125 million, set aside to expand its trading operations and develop mining infrastructure.
Galaxy Digital Quarter 1 net profit increases to $421.70 million
2024-05-14 15:32:37
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