Galaxy Digital Q1 Net Loss of $295 Million

BlockBeats News, May 13th, Galaxy Digital announced its first-quarter financial report on Tuesday, with a net loss of 295 million USD. Galaxy Digital stated that the loss was mainly due to the decline in digital asset prices during the period, which affected trading activities and valuations, as well as a $57 million impairment charge and disposal costs related to the gradual shutdown of its Helios data center mining business. Additionally, Galaxy Digital plans to list on Nasdaq on May 16th.