Galaxy reports Q1 earnings: Net loss of $216 million dragged down by crypto market decline

Odaily Planet Daily News Galaxy Digital released its Q1 2026 earnings report, showing a net loss of $216 million for the quarter, impacted by the downturn in the crypto asset market. Diluted and adjusted loss per share was $0.49, with an adjusted gross loss of $88 million and an adjusted EBITDA loss of $188 million for the period. As of March 31, Galaxy Digital's total shareholders' equity stood at $2.8 billion, holding $2.6 billion in cash and stablecoins.

In its digital asset business, Galaxy's assets under management reached $5 billion, with staked assets totaling $3.2 billion. BlackRock has selected Galaxy as the validator for its staked Ethereum exchange-traded fund, the iShares Staked Ethereum Trust ETF. Additionally, Galaxy delivered the first data hall of the Helios data center to CoreWeave, officially commencing revenue recognition, and expects to complete the delivery of the first phase of 133 megawatts of critical IT load by the end of Q2 2026. (PRNewswire)