News section
Galaxy posts $216 million Q1 loss amid crypto ‘transition year,’ Novogratz bullish on data center growth
Galaxy’s data center business is nearing an inflection point, with revenue expected to ramp up in Q2.Trading volumes mostly held steady despite a 20% crypto market drawdown in the first quarter.
2026-04-29 00:21:00
Galaxy Digital posts $216M Q1 loss as crypto slump hits, data centers switch on
Galaxy Digital reported a Q1 2026 net loss of $216 million, or diluted EPS of $(0.49), as a roughly 20% drawdown in digital asset prices erased mark‑to‑market gains.The firm said sequential losses narrowed and confirmed that its Data Centers division generated revenue for the first time, in line with earlier guidance that the business would switch on in early 2026.Management framed the quarter as a pivot toward AI‑driven infrastructure, pointing to its Helios campus in Texas and long‑term contracts that it expects will underpin multi‑billion‑dollar revenue streams over the coming decade.
2026-04-28 14:17:17
Galaxy stock rallies 11% after annual report shows core business profitable despite $241 million net loss
Galaxy’s Digital Assets segment, housing its trading, lending, asset management, and staking services, generated $505 million in adjusted gross profit.GLXY closed up over 11% on Wednesday, making it the second-best performing crypto-related stock tracked on The Block’s crypto equities page.
2026-04-10 04:46:00
Tokenized Stocks Take Next Step With First On-Chain Vote for Galaxy Shareholders
Holders of tokenized shares in Galaxy (GLXY) will soon be able to participate in proxy voting on-chain via Broadridge.
2026-04-06 19:01:41
