Galaxy Digital Quarterly Profits Increased By 11 once in the last year – Bits Media

Cryptocurrency investment bank Galaxy Digital has provided financial statements. For the IV quarter 2020 the company received $335 million profit, What's on 1 175% more, than a year earlier.

Growth was recorded in all areas of business. So, eg, volume of assets under The company's management grew up on 98% for the IV quarter 2020 year and compiled $807 million. Recently organized mining unit under the leadership of Amanda Fabiano (Amanda Fabiano) Successfully deployed mining farms and the beginning of cryptocurrency production, And the volume of trading on the Galaxy Digital platform set new records.

The report also reports, that Galaxy Digital plans to conduct secondary listing on any of the American stock exchanges. truth, It is not yet clear, how exactly the listing will be carried out. Besides, The appointment of a new financial director is expected, and it is planned to increase the company's staff by 40%. At the same time, the company's shares show good dynamics - since the beginning of the year they have grown by 119%.

Recall, that at the beginning of this year, Galaxy Digital launched financial services for miners as part of the development of her mining unit.