Galaxy Digital posts $216M Q1 loss as crypto market slides 20%

Mike Novogratz’s Galaxy Digital posted a $216 million first-quarter loss as weaker crypto prices hit asset values, while Helios data center revenue nears.

Mike Novogratz’s digital asset company Galaxy Digital posted a $216 million loss in the first quarter of 2026, extending losses from the prior year.

Galaxy Digital (GLXY) reported first-quarter earnings Tuesday of a loss of $0.49 per diluted share, compared with a loss of $0.86 in Q1 2025. The earnings came in ahead of expectations, according to MarketBeat analysts, who had expected a loss of $0.59 per share.

Gross revenue for the quarter ended March 31 was $10.2 billion, compared with $10.2 billion in Q4 2025 and $12.9 billion in the same period a year earlier.

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