Galaxy Digital Q1: $216M loss, Helios data‑hall delivery, TSX delisting and $65M buyback as stock rises

first published 2026-04-28T15:06:32Z

Galaxy Digital reported a Q1 net loss of $216M ($0.49/share), an improvement from a $295M loss a year earlier and better than analysts' $0.93/share expected loss. Total assets fell to $9.99B from $11.3B, led by a $316M decline in digital assets. Galaxy held $431M in Bitcoin, $61M in Ethereum, $42M in Solana and $134M in other tokens. CEO Mike Novogratz said reduced headcount and a shift toward Hyperliquid token exposure helped offset losses; digital assets produced a Q1 gross profit of $49M. The firm is also expanding its retail platform GalaxyOne and growing data‑center revenue tied to AI workloads.

AI Analysis

Facts: Q1 net loss narrowed to $216M (better than prior year and analyst expectations); digital assets generated $49M gross profit; firm reduced headcount and shifted exposure toward Hyperliquid; holdings in BTC/ETH/SOL are specified; Galaxy is diversifying into GalaxyOne retail and AI data‑center revenue. These concrete items support a mildly positive sentiment but are unlikely to be a high short‑term market mover for listed crypto assets.

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