According to Foresight News, The Block reported that Galaxy Digital, a financial services company focusing on digital assets, saw a significant increase in revenue and profit in the first quarter, thanks to the growth of its mining business revenue. Specifically, Galaxy Digital's net profit in the first quarter increased to US$421.7 million ($1.23 per share), an increase of about 214% over the same period last year; the company's revenue increased from US$146.7 million in the same period last year to US$259.7 million; by company business scope, Galaxy's mining business revenue was US$31.5 million, which was the driving force behind most of the company's overall revenue growth in the first quarter.
In April, Galaxy raised $125 million, which it reserved for expanding its trading operations and developing mining infrastructure.