Galaxy Digital Reports Q1 Net Loss of $216M Amid Digital Asset Market Downturn

ETH-1.07%

Gate News message, April 28 — Galaxy Digital posted a net loss of $216 million for the first quarter of 2026, impacted by a decline in digital asset prices during the period. Diluted and adjusted net loss per share reached $0.49, with adjusted gross loss of $88 million and adjusted EBITDA loss of $188 million.

As of March 31, Galaxy Digital held total stockholders’ equity of $2.8 billion and cash plus stablecoins of $2.6 billion. The company’s digital asset-related assets under administration totaled $5 billion, with staked digital assets reaching $3.2 billion.

BlackRock selected Galaxy as a validator for its iShares Staked Ethereum Trust ETF. Galaxy also delivered the first data hall of its Helios data center to CoreWeave and began revenue recognition. The company expects to complete the first phase of 133 megawatts of critical IT load delivery by the end of Q2 2026.

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