Galaxy Digital Releases Q1 2026 Financial Results, Reporting a Net Loss of $216 Million

According to Galaxy Digital Inc.’s official announcement, the company released its financial results for the first quarter of 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 its data center operations, the first data hall at the Helios campus has been successfully delivered to CoreWeave. Full delivery of the campus’s 133 megawatts (MW) of critical IT load is expected by the end of Q2 2026. Additionally, the Electric Reliability Council of Texas (ERCOT) has approved an incremental 830 MW of power capacity for the campus, bringing its total approved capacity to over 1.6 gigawatts (GW). In asset management, assets under management (AUM) totaled approximately $5 billion at quarter-end, with net inflows of $69 million during the quarter. Subsequent to the quarter, BlackRock announced it had selected 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.