Galaxy's AI data centers pull in $79M in leases, still post a small loss
Helios leasing's first full quarter brought Galaxy $79 million in revenue, but the Data Centers unit still ended slightly in the red.
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Key takeaways
- Galaxy's Data Centers segment booked about $79 million in lease revenue from Helios
- The unit still posted a $435,000 loss for the quarter
- It was the first full quarter with Helios leases in place
- Treasury & Corporate drove Galaxy's overall recovery
Galaxy's AI data center business pulled in roughly $79 million in lease revenue last quarter. And it still lost money. The Data Centers segment finished with a $435,000 loss, according to CryptoSlate's report on the results.
What the numbers show
This was the first full quarter with Helios leases running. Helios is the facility Galaxy is betting on to turn AI computing demand into steady rental income. The revenue is real. The profit isn't there yet, though the loss is tiny next to the top line.
Here's the part that should make you pause: the data centers weren't the main driver of Galaxy's rebound. The Treasury & Corporate segment did the heavy lifting on the company's recovery. The source material gives no further figures for that unit, so how big its contribution was? We can't say.
Why it matters
Crypto firms keep pitching AI infrastructure as a way to smooth out the swings of trading and token markets. Galaxy's quarter shows the pitch only half works. Lease income arrives, but it hasn't covered costs yet. If you hold or follow Galaxy, the real question is simple. Does Data Centers turn a profit once Helios runs at full pace, or does the company keep leaning on its treasury results to look healthy?
Source: CryptoSlate
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