Galaxy Digital Q1 2026 net loss of $216 million, stock price rises 5% against the trend

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Deep Tide TechFlow News — On April 30, Galaxy Digital released its 2026 first-quarter financial report, reporting a net loss of $216 million and a diluted loss per share of $0.49. The main reason was that the cryptocurrency market overall fell during the quarter, and total crypto market capitalization shrank by approximately 20%. Its crypto asset holdings decreased from $1.67 billion in Q4 2025 to $1.36 billion. As of the end of March, the largest crypto asset holding was 6,894 BTC (about $431 million). Next were SOL worth $61 million and ETH worth $42 million.

Despite the pressure on its performance, Galaxy Digital’s AI infrastructure business has been progressing smoothly. The company confirmed that it has delivered its first data center facility to CoreWeave and will complete all 133 megawatts of AI/IT infrastructure commitment deliveries by the end of Q2. Lifted by this news, the company’s stock (Nasdaq: GLXY) rose 5% on the day, moving in the opposite direction of Bitcoin’s decline over the same period.

Wall Street analysts currently give GLXY an overall rating of “Moderate Buy,” with a target price of $39.4, implying about 50% upside potential compared with the stock price of $26.3 at the time of writing.

BTC-1.27%
SOL-1.74%
ETH-2.86%
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