Galaxy Digital Inc. (GLXY) Q2 2025 Earnings Call

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WEBVTT 00:00:01.111 -- 00:00:06.636 Good morning and welcome to the Galaxy Digital Second Quarter 2025 Earnings 00:00:06.636 -- 00:00:10.980 Call. Today's call is being recorded. 00:00:10.980 -- 00:00:15.244 After today's presentation, there will be an opportunity to ask questions. 00:00:15.244 -- 00:00:19.568 To ask a question, you may press star and 1 on your telephone. 00:00:19.568 -- 00:00:24.130 To withdraw your question, please press star and 2. 00:00:24.793 -- 00:00:29.737 At this time, I would like to turn the conference over to Jonathan Kodofsky, Head of 00:00:29.737 -- 00:00:33.331 Investor Relations. Please go ahead, sir. 00:00:33.853 -- 00:00:39.218 Good morning, and welcome to Galaxy's second quarter 2025 earnings call. 00:00:39.218 -- 00:00:43.882 Before we begin, please note that our remarks, including answers to your questions, may 00:00:43.882 -- 00:00:49.006 include forward-looking statements. Actual results could differ materially from those 00:00:49.006 -- 00:00:53.470 described in these statements as a result of various factors, including those identified 00:00:53.470 -- 00:00:57.314 in the disclaimers in our earnings release or other filings, which have been filed with 00:00:57.314 -- 00:01:01.642 the U.S. Securities and Exchange Commission and on CDAR+. 00:01:01.642 -- 00:01:06.629 Forward-looking statements speak only as of today and will not be updated. 00:01:06.629 -- 00:01:11.576 Additionally, we may discuss references to non-GAAP metrics, the reconciliations of which 00:01:11.576 -- 00:01:14.541 can also be found in our earnings release. 00:01:14.541 -- 00:01:19.868 Finally, none of the information on this call constitutes a recommendation, solicitation, 00:01:19.868 -- 00:01:24.956 or offer by Galaxy or its affiliates to buy or sell any s...