Galaxy Digital Inc. reported a net loss of $216 million for Q1 2026, impacted by a 20% drop in digital asset prices. The company recorded an adjusted loss per share of $0.49 and an adjusted EBITDA of -$188 million. As of March 31, Galaxy's total equity was $2.78 billion, with cash and stablecoin reserves of $2.605 billion. In operational developments, Galaxy's Helios campus delivered its first data hall to CoreWeave, with full delivery of 133 MW expected by Q2 2026. ERCOT approved an additional 830 MW, raising the campus's capacity to over 1.6 GW. Asset management saw $5 billion in assets under management and $69 million in net inflows. Post-quarter, BlackRock selected Galaxy as the staking validator for its iShares Staked Ethereum Trust ETF. Galaxy also repurchased 3.2 million shares for $65 million and completed its delisting from the Toronto Stock Exchange, now trading solely on Nasdaq.
Galaxy Digital Posts $216M Q1 Loss Amid Crypto Market Decline
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