HomeLoansGalaxy Digital Announces Second Quarter 2022 Financial Results

Galaxy Digital Announces Second Quarter 2022 Financial Results

Net comprehensive loss of $554.7 million against digital asset price declines within quarter
Partners’ Capital increased 23% versus second quarter 2021 to $1.8 billion
The Company maintains a strong liquidity position of $1.5 billion

NEW YORK, Aug. 8, 2022 /CNW/ – Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy Digital”, “Galaxy”, the “Company” or “GDH Ltd.”) today released financial results for the three and six months ended June 30, 2022 for both itself and Galaxy Digital Holdings LP (the “Partnership” or “GDH LP”).

“I am proud of Galaxy’s outperformance during a challenging market and macroeconomic environment. Prudent risk management, along with our commitment to exacting credit standards, allowed us to maintain over $1.5 billion in liquidity, including over $1.0 billion in cash, said Michael Novogratz, Founder and CEO of Galaxy Digital.

“We remain in strong position to weather…

Read more at www.newswire.ca

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