Galaxy Digital Narrows Q1 Loss to $216M, Delivers First CoreWeave Data Hall

Galaxy Digital posted a $216 million first-quarter loss, narrower than analysts expected. The company delivered its first data hall at the Helios campus in Texas to CoreWeave this month, starting revenue under a long-term lease tied to AI workloads. Galaxy Digital said recurring fee revenue, transaction income, and tighter expense control helped offset weaker cryptocurrency prices.

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