Galaxy Digital (GLXY.TO) shares fell 16% after disappointing second-quarter earnings. 📉
- Investors pulled out due to a larger-than-expected net loss and lower trading income.
- The company's capitalization has almost doubled since January, but this did not help.
- Analyst Mark Palmer still sees positive developments, including plans to list on the Nasdaq and expand the capacity of the Helios data center.
We will monitor developments!