Galaxy Digital releases Q1 financial report: net loss of $216 million, stock price still rises 5% against the trend

Golden Finance reports that on April 30th, digital asset and AI infrastructure company Galaxy Digital (GLXY) released its first-quarter financial report, showing a net loss of $216 million during the reporting period, mainly due to the decline in digital asset prices (total crypto market cap shrank by about 20% in Q1). The company’s crypto asset holdings decreased from $1.67 billion in Q4 2025 to $1.36 billion at the beginning of 2026.
Despite the pressure on performance, the company’s stock price rose 5% on Tuesday, mainly benefiting from smooth progress in AI infrastructure business, which has delivered the first data hall to CoreWeave and committed to completing the remaining 133MW of AI/IT infrastructure before the end of Q2. Additionally, Wall Street analysts issued a “Moderate Buy” rating with a target price of $39.4, representing a 50% upside from the current level of $26.3. As of March 31, Galaxy’s largest crypto holdings included 6,894 BTC worth $431 million, followed by $61 million in SOL and $42 million in ETH.
As of March 31, Galaxy’s largest crypto holdings included 6,894 BTC worth $431 million, followed by $61 million in SOL and $42 million in ETH.