Galaxy Digital announces Q1 2026 financial report, net loss of 216 million USD

According to the official announcement from Galaxy Digital Inc., the company has released its financial performance for the first quarter of 2026. Affected by an overall decline of about 20% in digital asset prices during the quarter, the company recorded a net loss of $216 million, with an adjusted loss per share of $0.49 and an adjusted EBITDA of -$188 million. As of March 31, the company's total equity was $2.78 billion, with cash and stablecoin holdings of approximately $2.605 billion.

In terms of data centers, the first data hall at the Helios campus has been successfully delivered to CoreWeave, with the full delivery of 133 megawatts of critical IT load expected to be completed by the end of Q2 2026, and ERCOT has approved an additional 830 megawatts of power capacity, bringing the total approved capacity of the campus to over 1.6 gigawatts. In asset management, the assets under management at the end of the quarter were approximately $5 billion, with a net inflow of $69 million during the quarter; after the quarter, BlackRock announced that it had selected Galaxy as the staking validator for its first reward-based crypto ETF (iShares Staked Ethereum Trust ETF). Additionally, the company repurchased 3.2 million shares for $65 million this quarter and completed its delisting from the Toronto Stock Exchange, now only listed on NASDAQ.