Galaxy Digital Reverses to $296M Profit in 2023 as Crypto Assets Recover

• Galaxy Digital reports $296M net income for 2023, a reversal from $1B loss in prior year

• Q4 net income of $302M drove full-year profitability

• Assets under management nearly doubled from $5.2B at start of 2023 to $10.1B in February 2024

• Galaxy benefited from recovering crypto prices, with CoinDesk 20 Index up 52% in 2023

• Galaxy shares up 40% in 2023 on improved crypto market conditions