Galaxy Digital Posts $216M Q1 Loss as Digital Asset Prices Slide

Galaxy Digital reported a net loss of $216 million in the first quarter of 2026, citing a roughly 20% drop in digital asset prices as the main driver. Total assets were about $10 billion, including $2.8 billion of equity and $2.6 billion in cash and stablecoins. The company said its Helios data center in Texas has delivered its first data hall to CoreWeave, signaling a shift to revenue-generating operations. Data center revenue is expected to begin ramping in Q2 2026. Assets under management were approximately $5 billion.