TechFlow news, May 13 — According to The Block, Galaxy Digital has officially completed its migration from the Cayman Islands to Delaware, U.S., and plans to begin trading on Nasdaq under the ticker "GLXY" this Thursday, May 16. Meanwhile, the crypto asset management firm released its first-quarter 2025 financial results, reporting a net loss of $295 million, primarily due to declining digital asset prices and a $57 million impairment from shutting down Helios data center's mining operations. Despite the weak quarterly performance, the company maintains a strong balance sheet with $1.1 billion in cash and stablecoins, along with $1.9 billion in equity capital.
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