TechFlow News, April 30: Galaxy Digital released its Q1 2026 financial results, reporting a net loss of $216 million and a diluted loss per share of $0.49. The primary driver was the broad downturn in cryptocurrency markets during the quarter, with total crypto market capitalization shrinking by approximately 20%. Its crypto asset holdings declined from $1.67 billion in Q4 2025 to $1.36 billion. As of end-March, its largest crypto holding was 6,894 BTC (approximately $431 million), followed by $61 million worth of SOL and $42 million worth of ETH.
Despite the pressure on earnings, Galaxy Digital’s AI infrastructure business is progressing smoothly: the company confirmed delivery of its first data center facility to CoreWeave and expects to complete delivery of its full committed 133-megawatt AI/IT infrastructure by the end of Q2. Boosted by this news, the company’s stock (Nasdaq: GLXY) rose 5% intraday—diverging from Bitcoin’s concurrent downward trend.
Wall Street analysts currently assign GLXY an aggregate rating of “Moderate Buy,” with a target price of $39.40—implying roughly 50% upside from its share price of $26.30 at the time of writing.
