CoinVoice has recently learned that according to The Block, digital asset financial services company Galaxy Digital's revenue and profits increased significantly in the first quarter, thanks to the growth of its mining business revenue.
Galaxy Digital's first-quarter net profit increased to $421.7 million ($1.23 per share), up about 214% from the same period last year; the company's revenue increased to $259.7 million from $146.7 million in the same period last year; by company business scope, Galaxy's mining business revenue was $31.5 million, which was the driving force behind most of the company's overall revenue growth in the first quarter.
It is reported that in April, Galaxy raised $125 million, which was reserved for expanding its trading business and developing mining infrastructure. [Original link]