The Mining Pod | Blockspace Media How Galaxy Digital Smashed Q3 Earnings Expectations w/ Jonathan Goldowsky
Nov 12, 2025
In this fascinating discussion, Jonathan Goldowsky, Head of Investor Relations at Galaxy Digital, shares insights on their impressive Q3 2025 results, boasting $505M in net income. He delves into the launch of Galaxy One and the impact of their massive Helios data center deal with CoreWeave. Listeners learn about the monumental 80,000+ Bitcoin trade and how Galaxy is pivoting towards AI infrastructure, altering its Bitcoin mining operations and potentially reducing output. Goldowsky's expertise makes for a riveting exploration of the future of digital finance.
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Record Quarter Fueled By Diverse Growth
- Galaxy's Q3 was their best ever with $505M net income and record organic growth across businesses.
- Trading, loan book, AUM, staking, and venture investments all hit new highs, driving strong momentum.
Galaxy One Bridges Crypto And TradFi
- Galaxy One launched as a fintech MVP combining brokerage, crypto, and high-yield cash products for US investors.
- The platform targets mass affluent investors with plans to add staking and crypto-backed loans soon.
Roll Out Tiered Yield Products
- Offer tiered products: an FDIC-insured 4% APY account for retail and an 8% APY premium note for accredited investors.
- Use an MVP rollout and iterate by repackaging institutional products for mass affluent customers.