Popular crypto stock sinks after disappointing Q2 earnings
Aug 5, 2026 2:39 PM
Galaxy Digital’s pivot into AI infrastructure is a hollow shield against the volatility of its $1.8 billion crypto treasury. Despite generating its first $20 million in profit from data centers, the company still bled $85 million this quarter solely because of falling token prices. Is the AI expansion a legitimate business shift, or is this company just a Bitcoin whale masquerading as a tech firm? Can AI hype ever offset crypto's massive downside? What's your take?
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