Galaxy Digital posts $216 million net loss in Q1 as crypto market falls 20%
Galaxy Digital reported a $216 million net loss in Q1 2026, driven by unrealized markdowns amid a 20% drop in the crypto market, though it made progress on its Helios AI data center and maintained strong cash reserves. The company advanced its AI infrastructure projects, including delivering the first phase of its Texas data center to CoreWeave, while continuing share buybacks and completing its Nasdaq consolidation. Adjusted EBITDA was negative $188 million, but equity rose 46% year-over-year to $2.8 billion. Digital assets and asset management segments showed mixed performance with shifts toward recurring revenue and new strategic partnerships.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/04/28104539/ff692ab8-4d34-4e09-aa9b-b971ec82af3c-800x420.jpg" alt="Galaxy Digital posts $216 million net loss in Q1 as crypto market falls 20%" class="w-full aspect-[19/10] object-cover" /> Galaxy Digital posts $216 million net loss in Q1 as crypto market falls 20% Despite losses, Galaxy Digital strengthens its AI data center and asset management operations for future revenue growth. Share Add us on Google by Vivian Nguyen Apr. 28, 2026 Galaxy Digital, the crypto financial services and infrastructure firm led by Mike Novogratz, posted a $216 million net loss for the first quarter of 2026, down from a $482 million loss in the prior quarter.
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