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Welcome back to The Mining Pod! Today, Jonathan Goldowsky, Head of Investor Relations at Galaxy Digital, joins us to talk about Galaxy's record-breaking Q3 2025 with $505M in net income and $29.2B in revenue. We discuss the launch of Galaxy One, their new fintech platform, Galaxy’s CoreWeave AI data center deal at their Helios campus in Texas, the historic 80,000+ Bitcoin trade, and what Galaxy's pivot to AI infrastructure really means for the company's bitcoin mining arm.
**Notes:**
• Net income: $505M in Q3 2025
• Total revenue: $29.2B, up 223% YoY
• Largest Bitcoin trade ever: 80,000+ BTC sold
• Assets on platform: $17B all-time high
• CoreWeave deal: 800MW at Helios campus
• Mining capacity reduced from 6+ EH/s to 1.5-2 EH/s
Timestamps:
00:00 Start
03:24 Galaxy earnings overview
06:09 Galaxy One Launch
07:21 Premium Yield Account
09:03 Current Galaxy One customers
12:05 Staking
13:23 Cleanspark Ad
13:54 AI & HPC (Coreweave)
17:02 Powershell Vs Neocloud
21:13 Capital structure
24:58 Getting past the first build
26:44 New build sites?
28:19 Phasing out BTC mining?
