TechFlow News, April 28: According to an official announcement by Galaxy Digital Inc., the company released its financial results for the first quarter of fiscal year 2026. Impacted by a roughly 20% decline in digital asset prices during the quarter, the company reported a net loss of $216 million, an adjusted loss per share of $0.49, and adjusted EBITDA of -$188 million. As of March 31, the company’s total equity stood at $2.78 billion, with cash and stablecoin holdings totaling approximately $2.605 billion.
Regarding data centers, the first data hall at the Helios campus has been successfully delivered to CoreWeave. Full delivery of the entire 133-megawatt critical IT load is expected by the end of Q2 2026. Additionally, ERCOT has approved an incremental 830 megawatts of power capacity for the campus, bringing the total approved capacity to over 1.6 gigawatts. In asset management, assets under management (AUM) stood at approximately $5 billion at quarter-end, with net inflows of $69 million during the quarter. Post-quarter, BlackRock announced Galaxy as the staking validator for its inaugural reward-based crypto ETF—the iShares Staked Ethereum Trust ETF. Furthermore, during the quarter, the company repurchased 3.2 million shares for $65 million and completed its delisting from the Toronto Stock Exchange; it is now listed exclusively on the Nasdaq.
