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Galaxy Digital first-quarter loss narrows, AI push grows
The company said operating expenses fell 7% and its first data hall at Helios began revenue recognition in April.
- On Tuesday, April 28, 2026, Galaxy Digital Inc. reported a $216 million net loss for the first quarter, equal to a $0.49 per share loss, driven primarily by unrealized mark-to-market declines on digital asset holdings.
- Significant digital asset price depreciation fueled the quarterly loss, with the broader cryptocurrency market capitalization declining roughly 20% during the period and impacting the Treasury and Corporate segment.
- Total revenue reached $10.18 billion while firm-wide adjusted EBITDA was negative $188 million, reflecting disciplined expense management that narrowed the quarterly loss by roughly one-third sequentially.
- Galaxy delivered its first data hall at the Helios campus in Texas to CoreWeave , initiating 15-year contracted cash flows tied to artificial intelligence workloads and establishing execution credibility.
- Expanding its capacity, the company secured approval for 830 megawatts of additional power in ERCOT and plans to launch a fintech-focused hedge fund on May 1, 2026.
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Galaxy Digital (GLXY) Q1 2026 Earnings Transcript
·Alexandria, United States
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Galaxy Digital Sees $216M Q1 Loss Amid Crypto Market Decline
Galaxy Digital suffered a net loss of $216 million in Q1 2026, as a general decline in the prices of digital assets affected its performance. The decline offset growth in fee-based and infrastructure revenue across its business segments during the quarter. As per the report, the diluted earnings per share of the company stood at […]
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Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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