INTEL: Galaxy Digital swings to $323M quarterly profit, announces $200M share buyback
Galaxy Digital reported a quarterly profit of $323 million and announced a new $200 million share buyback. The result marks a swing to profit for the crypto financial services firm.
The buyback is a fresh authorization, according to the initial reports on the results. It adds a capital return to the earnings announcement.
The early reports do not say which quarter the $323 million covers, what drove the turnaround, or how the profit compares with the prior-year period. They also give no timeframe or execution terms for the $200 million repurchase program. Those details would normally appear in the company’s earnings release and shareholder materials.
This story is developing and will be updated as Galaxy Digital’s full results and buyback terms are confirmed.
