Market Shockers: 10 Stocks Collapse by Double Digits

4. Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital fell sharply on Wednesday, losing 12.88 percent to close at $37.34 after hitting a new all-time during the previous trading day, thanks to nearly 2,000-percent improvement in its third quarter earnings performance.

In an updated report, Galaxy Digital (NASDAQ:GLXY) swung to a net income of $505 million, a whopping 1,615-percent improvement from a $33.3 million net loss in the same period last year. Revenues soared by 231 percent to $28.4 billion from $8.57 billion year-on-year.

According to the company, the strong performance was bolstered by record volumes in its digital asset trading operations.

For the high-performance computing (HPC) business, Galaxy Digital (NASDAQ:GLXY) said it remains on track to deliver the first phase of its critical IT load capacity commitment to CoreWeave in the first half of 2026, covering a total of 133 MW.

Additionally, CoreWeave exercised its final option to access an additional 133 MW of critical IT load from the Helios data center, bringing its total commitment to the full 800 MW of the campus’s maximum power capacity.