Slide 1: Q2 2025 Overview
1 GALAXY As of June 30, 2025 Q2 · 25 Investor.galaxy.com Exhibit 99.2
Slide 2: Disclaimer
2 GALAXY D is cl ai m er This document, and the information contained herein, has been provided to you by Galaxy Digital Inc. and its affiliates (“Galaxy Digital” or “Galaxy”) solely for informational purposes. This document may not be reproduced or redistributed in whole or in part, in any format,
Slide 3: Company Snapshot
3 GALAXY Equity Capital $2.6B Note: All figures as of June 30, 2025. (1) Adjusted Gross Profit is a non-GAAP financial measure. Refer to page 16 for more information and a non-GAAP to GAAP reconciliation. (2) Adjusted EBITDA is a non-GAAP financial measure. Refer to page 16 for more information and
Slide 4: Galaxy Leadership Team
4 GALAXY Galaxy Leadership Team Erin Brown Chief Operating Officer Andrew Taubman Deputy Chief Operations Officer Andrew Siegel General Counsel & Chief Compliance Officer Jason Urban Global Head of Trading Chris Ferraro President & CIO Mike Novogratz Founder & CEO Tony Paquette Chief Financial Offic
Slide 5: Our Opportunity
5 GALAXY Our Opportunity
Slide 6: Digital Assets | Early Innings of a Massive Opportunity
6 GALAXY (1) Source: CoinGecko. Market data as of 7/31/2025. (2) Source: FactSet & World Gold Council. Market data as of 7/31/2025. (3) Source: MacroMicro. Represents Global M2 Money Supply of Major Central Banks as of May 2025. (4) Source: SIBLIS Research, Data as of January 1, 2025 (5) Source: SIF
Slide 7: Data Centers | Early Innings of a Massive Opportunity
7 GALAXY Source: McKinsey, Dell’Oro Group. (1) Includes Cloud, Colocation, Telco and Enterprise. Data Centers | Early Innings of a Massive Opportunity 55 GW 219 GW 2023 2030 Investment Momentum Expected to Accelerate as Demand Grows 800 MW 800 MW 3.5 GW Committed Capacity Approved Capacity With Addi
Slide 8: Digital Assets
8 GALAXY Digital Assets Serving the digital asset ecosystem end-to-end. Global Markets Asset Management & Infrastructure Solutions
Slide 9: Global Markets
9 GALAXY Global Markets Investment Banking Franchise Trading Sell-side trading desk offering spot and derivative over-the-counter trading, lending, and structured products 001 Principal Liquidity Access to a deep network of exchanges and market makers Specialized crypto and financial advisory servic
Slide 10: Asset Management & Infrastructure Solutions
10 GALAXY Asset Management & Infrastructure Solutions Infrastructure Solutions Asset Management DIGITAL ASSETS PLATFORM High-conviction investing across public and private markets in digital assets, blockchain technology, and emerging technology Institutional-grade staking and custody solutions, bui
Slide 11: Balance Sheet: Net Digital Asset and Investment Exposure
11 GALAXY Balance Sheet Net Digital Asset and Investment Exposure AllUnityBalance Sheet The Company’s balance sheet maintains exposure to the digital asset ecosystem through a diversified allocation across spot positions, ETFs, venture investments, private equity holdings and fund investments. AllUn
Slide 12: Data Centers
12 GALAXY Data Centers Developing infrastructure for an AI-enabled future. Data Centers High-Performance Computing Infrastructure
Slide 13: Helios Overview
13 GALAXY DATA CENTERS Galaxy is well-positioned to be a leader in developing and operating high-performance computing infrastructure Data Centers High-Performance Computing Infrastructure Helios Overview Location Dickens County, TX Committed Capacity 800 MW Approved Capacity 800 MW Load Capacity Un
Slide 14: CoreWeave Anchor Tenant: AI and HPC Infrastructure
14 GALAXY DATA CENTERS Data Centers High-Performance Computing Infrastructure CoreWeave, as our anchor tenant, has committed to a total of 526 MW of critical IT capacity for a period of 15 years, generating an anticipated average annual revenue of over $1B for the combined three phases. AI and HPC I
Slide 15: Appendix
15 GALAXY Appendix
Slide 16: Reconciliation of Non-GAAP Metrics
16 GALAXY APPENDIX Reconciliation of Non-GAAP Metrics Reconciliation to Adjusted Gross Profit Three Months Ended June 30, 2025 Revenues and gains / (losses) from operations $9,056,649 (-) Impairment of digital assets 8,629,940 (-) Transaction expenses 127,477 Adjusted gross profit $299,232 Reconcili