Galaxy Digital Reports Q1 Net Loss of $216 Million, Stock Rises 5%

On April 30, digital asset and AI infrastructure company Galaxy Digital (GLXY) released its Q1 financial report, revealing a net loss of $216 million during the reporting period, primarily due to a decline in digital asset prices (with the total cryptocurrency market cap shrinking by approximately 20% in Q1). The value of 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 challenging performance, the company’s stock rose 5% on Tuesday, largely due to successful progress in its AI infrastructure business, having delivered its first data hall to CoreWeave and committing to complete the remaining 133MW of AI/IT infrastructure by the end of Q2. Additionally, Wall Street analysts have given a ‘Moderate Buy’ rating with a target price of $39.40, indicating a potential upside of 50% from the current level of $26.30. As of March 31, Galaxy’s largest crypto holding was 6,894 BTC, valued at $431 million, followed by $61 million in SOL and $42 million in ETH.

BTC-1.01%
SOL-1.11%
ETH-2.05%
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