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Galaxy releases Q1 financial report: net loss of 216 million dollars affected by the decline in digital asset market prices.

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4 hours ago
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PANews April 28 news, according to PRNewswire reports, Galaxy Digital announced its financial report for the first quarter of 2026, showing that the company incurred a net loss of $216 million in the first quarter due to the decline in digital asset market prices during the quarter, with a diluted and adjusted loss per share of $0.49. The adjusted gross loss for the same period was $88 million, with an adjusted EBITDA loss of $188 million. As of March 31, Galaxy Digital's total equity reached $2.8 billion, holding $2.6 billion in cash and stablecoins.

In terms of digital asset business, Galaxy's digital asset-related scale reached $5 billion, with staked digital assets totaling $3.2 billion. BlackRock has chosen Galaxy as its validator for its staked Ethereum exchange-traded fund, iShares Staked Ethereum Trust ETF. In addition, Galaxy has delivered the first data hall of the Helios data center to CoreWeave and officially started revenue recognition, with the first phase of key IT load delivery of 133 megawatts expected to be completed before the end of the second quarter of 2026.

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