XML 73 R64.htm IDEA: XBRL DOCUMENT v3.25.1
REPORTABLE SEGMENTS - Schedule Income and Expenses by Reportable Segment (Details) - Galaxy Digital Holdings, LP - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Revenue $ 42,596,673 $ 51,626,779 $ 119,825,847
Net gain / (loss) on digital assets 634,557 333,450 938,365
Net gain / (loss) on investments 258,791 97,827 (464,918)
Net gain / (loss) on derivatives trading 267,769 151,583 192,558
Revenues and gains / (losses) from operations 43,757,790 52,209,639 120,491,852
Transaction expenses 42,741,776 51,592,423 120,995,931
Compensation and benefits 265,591 219,256 216,201
Notes interest expense 30,804 27,285 37,029
Depreciation and amortization 46,892 22,945 12,852
Other expenses 313,991 93,564 179,059
Total operating expenses 43,399,054 51,955,473 121,441,072
Operating income 358,736 254,166 (949,220)
Change in fair value of warrant liability 0 0 20,322
Unrealized gain / (loss) on notes payable – derivative (31,727) (9,603) 57,998
Other income / (expense), net 2,774 (135) 26,480
Total other income / (expense) (28,953) (9,738) 104,800
Net income / (loss) for the period, before taxes 329,783 244,428 (844,420)
Income tax expense / (benefit) (16,939) 15,914 (28,291)
Net income / (loss) for the period 346,722 228,514 (718,910)
Net income / (loss) 346,722 228,514 (816,129)
Redeemable noncontrolling interests     (97,219)
Unit holders of the Company 346,722 228,514 (718,910)
Digital Assets      
Segment Reporting Information [Line Items]      
Revenue 42,497,063 51,565,491 119,785,259
Net gain / (loss) on digital assets 57,560 22,527 (289,497)
Net gain / (loss) on investments 17,425 0 0
Net gain / (loss) on derivatives trading 168,355 65,380 100,341
Revenues and gains / (losses) from operations 42,740,403 51,653,398 119,596,103
Transaction expenses 42,437,298 51,509,381 119,437,498
Compensation and benefits 175,925 148,909 134,550
Notes interest expense 0 0 0
Depreciation and amortization 11,446 4,344 0
Other expenses 68,725 44,854 95,578
Total operating expenses 42,693,394 51,707,488 119,667,626
Operating income 47,009 (54,090) (71,523)
Change in fair value of warrant liability     0
Unrealized gain / (loss) on notes payable – derivative 0 0 0
Other income / (expense), net 0 0 0
Total other income / (expense) 0 0 0
Net income / (loss) for the period, before taxes 47,009 (54,090) (71,523)
Income tax expense / (benefit) 0 0 0
Net income / (loss) for the period 47,009 (54,090)  
Net income / (loss)     (71,523)
Redeemable noncontrolling interests     0
Unit holders of the Company     (71,523)
Data Centers      
Segment Reporting Information [Line Items]      
Revenue 0 0 0
Net gain / (loss) on digital assets 0 0 0
Net gain / (loss) on investments 0 0 0
Net gain / (loss) on derivatives trading 0 0 0
Revenues and gains / (losses) from operations 0 0 0
Transaction expenses 0 0 0
Compensation and benefits 0 0 0
Notes interest expense 0 0 0
Depreciation and amortization 7,497 5,548 0
Other expenses 0 0 0
Total operating expenses 7,497 5,548 0
Operating income (7,497) (5,548) 0
Change in fair value of warrant liability     0
Unrealized gain / (loss) on notes payable – derivative 0 0 0
Other income / (expense), net 0 0 0
Total other income / (expense) 0 0 0
Net income / (loss) for the period, before taxes (7,497) (5,548) 0
Income tax expense / (benefit) 0 0 0
Net income / (loss) for the period (7,497) (5,548)  
Net income / (loss)     0
Redeemable noncontrolling interests     0
Unit holders of the Company     0
Treasury and Corporate      
Segment Reporting Information [Line Items]      
Revenue 99,610 61,288 40,588
Net gain / (loss) on digital assets 576,997 310,923 1,227,862
Net gain / (loss) on investments 241,366 97,827 (464,918)
Net gain / (loss) on derivatives trading 99,414 86,203 92,217
Revenues and gains / (losses) from operations 1,017,387 556,241 895,749
Transaction expenses 304,478 83,042 1,558,433
Compensation and benefits 89,666 70,347 81,651
Notes interest expense 30,804 27,285 37,029
Depreciation and amortization 27,949 13,053 12,852
Other expenses 245,266 48,710 83,481
Total operating expenses 698,163 242,437 1,773,446
Operating income 319,224 313,804 (877,697)
Change in fair value of warrant liability     20,322
Unrealized gain / (loss) on notes payable – derivative (31,727) (9,603) 57,998
Other income / (expense), net 2,774 (135) 26,480
Total other income / (expense) (28,953) (9,738) 104,800
Net income / (loss) for the period, before taxes 290,271 304,066 (772,897)
Income tax expense / (benefit) (16,939) 15,914 (28,291)
Net income / (loss) for the period $ 307,210 $ 288,152  
Net income / (loss)     (744,606)
Redeemable noncontrolling interests     (97,219)
Unit holders of the Company     $ (647,387)