Galaxy Digital Posts $216M Q1 Loss, Says Hyperliquid Exposure Cushioned Results

Galaxy Digital posted a first-quarter net loss of $216 million, or $0.49 per share, marking its second consecutive quarterly deficit. The result improved from a $295 million loss a year ago and came in better than analysts’ expected loss per share of $0.93. Mike Novogratz said reduced headcount and exposure to Hyperliquid helped cushion the hit from weaker crypto prices.

HYPE-1.44%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin