According to CoinMeta, the stock price of Mike Novogratz's Galaxy Digital ( GLXY ) fell by more than 5% after the financial report was released. The company's report indicated that net losses amounted to 85 million US dollars, which is a reduction from 216 million US dollars in the first quarter. The adjusted loss per share after dilution decreased from 0.49 US dollars to 0.09 US dollars, while market expectations were for a loss of 0.28 US dollars. Despite a 7% decline in trading volume, its digital asset business generated 66 million US dollars in adjusted gross profit, a 34% increase from the previous quarter. Data from Galaxy shows that the data center business generated revenue for the first time, completing the preliminary construction of the facility located in the Helios campus in Texas, resulting in 20 million US dollars in adjusted gross profit and 11 million US dollars in adjusted EBITDA. This reversed the 900,000 US dollars in adjusted EBITDA losses from the first quarter. The company also secured sites for three new data centers in Texas.