Galaxy Digital Reports $216 Million Q1 2026 Loss, Delivers First Data Hall to CoreWeave

Apr 28, 2026
Galaxy Digital posted a $216 million net loss for the first quarter of 2026, citing lower digital asset prices. The company completed delivery of the first data hall to CoreWeave at its Helios data center and secured approval to double its power capacity to over 1.6 gigawatts.

Galaxy Digital announced in a press release its financial results for the first quarter of 2026, reporting a net loss of 216 million dollars and diluted earnings per share of minus 0.49. The loss was mainly due to the depreciation of digital asset prices during the quarter. The company recorded an adjusted gross loss of 88 million dollars and adjusted EBITDA of minus 188 million dollars.

As of March 31, 2026, Galaxy reported total equity of 2.8 billion dollars and held 2.6 billion dollars in cash and stablecoins. The company repurchased 3.2 million shares of its Class A common stock for 65 million dollars under its ongoing share repurchase program.

Operationally, Galaxy completed delivery of the first data hall to CoreWeave at its Helios data center campus, marking the start of revenue generation under the Phase I lease. The company also received approval from ERCOT for an additional 830 megawatts of power capacity at Helios, increasing total approved capacity to over 1.6 gigawatts.

During the quarter, Galaxy finalized its voluntary delisting from the Toronto Stock Exchange, consolidating its public listing on Nasdaq.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like Enterprise AI Brief, Silicon Brief or Daily AI Brief.

Also, consider following us on social media:

Enterprise AI AI Chips & Datacenters AI Brief AI Brief (X)
Free newsletter

Silicon Brief

Weekly coverage of AI hardware developments including chips, GPUs, cloud platforms, and data center technology.

Guide
AI interconnect and networking startups

AI interconnect and networking startups

29 private startups developing the chips, optical switches and memory fabrics that move data through AI infrastructure.

Industry analysis

2025 Global Business Services Agenda: Gen AI Takes Center Stage

The Hackett Group

This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.