Galaxy Digital posts $216M Q1 loss as crypto market cap falls 20%

Galaxy Digital posted a $216 million Q1 2026 net loss after crypto market capitalization fell about 20% during the quarter. The company reported a loss of $0.49 per diluted share, better than the $0.59 loss analysts expected. Galaxy said it expects its Helios data center campus in Texas to begin contributing revenue in the second quarter of 2026.

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