| Schedule of Consolidated Interim Statements of Income (Loss) |
The following tables represent the consolidated statements of financial position and consolidated statements of operations of GDH LP, the Company’s operating partnership.
Galaxy Digital Holdings LP’s Condensed Consolidated Interim Statements of Income (Loss) | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2025 | | June 30, 2024 | | June 30, 2025 | | June 30, 2024 | | | | | | | | | | Revenues | $ | 8,661,535 | | | $ | 8,882,891 | | | $ | 21,637,741 | | | $ | 18,218,263 | | | Gains / (losses) from operations | 395,094 | | | (18,180) | | | 274,763 | | | 474,871 | | | Revenues and gains / (losses) from operations | 9,056,629 | | | 8,864,711 | | | 21,912,504 | | | 18,693,134 | | | Operating expenses: | | | | | | | | | Transaction expenses | 8,629,940 | | | 8,834,836 | | | 21,576,951 | | | 18,122,926 | | | Impairment of digital assets | 127,477 | | | 56,947 | | | 239,906 | | | 82,473 | | Other operating expenses | 137,582 | | | 111,607 | | | 325,839 | | | 219,460 | | | Total operating expenses | 8,894,999 | | | 9,003,390 | | | 22,142,696 | | | 18,424,859 | | | | | | | | | | Other income / (expense): | (124,925) | | | (961) | | | (34,647) | | | (10,461) | | | | | | | | | | Net income / (loss) before taxes | $ | 36,705 | | | $ | (139,640) | | | $ | (264,839) | | | $ | 257,814 | | | Income taxes expense / (benefit) | 5,858 | | | (14,044) | | | (254) | | | (4,717) | | | Net income / (loss) | $ | 30,847 | | | $ | (125,596) | | | $ | (264,585) | | | $ | 262,531 | |
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| Schedule of Consolidated Interim Statements of Financial Position |
Galaxy Digital Holdings LP’s Condensed Consolidated Interim Statements of Financial Position | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Assets | | | | Cash and cash equivalents | $ | 689,487 | | | $ | 462,103 | | Digital assets | 3,558,761 | | | 2,928,225 | | | Digital assets receivable | 6,065 | | | 60,720 | | Digital assets loan receivable, net of allowance | 894,876 | | | 579,530 | | Investments | 1,611,943 | | | 1,643,506 | | Assets posted as collateral | 718,649 | | | 277,147 | | Loans receivable | 535,696 | | | 476,620 | | | Property and equipment, net | 596,120 | | | 237,038 | | Other assets | 381,760 | | | 454,966 | | Total assets | $ | 8,993,357 | | | $ | 7,119,855 | | Liabilities and Equity | | | | | Digital assets borrowed | 2,844,934 | | | 1,497,609 | | | Loans payable | 348,214 | | | 510,718 | | | Collateral payable | 1,869,501 | | | 1,399,655 | | | Notes payable | 725,571 | | | 845,186 | | Other liabilities | 654,517 | | | 672,335 | | Total liabilities | 6,442,737 | | | 4,925,503 | | | | | | Total equity | 2,550,620 | | | 2,194,352 | | | | | | Total liabilities and equity | $ | 8,993,357 | | | $ | 7,119,855 | |
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