Galaxy Digital Q1 Net Loss of $216 Million, Stock Price Still Rises Against the Trend by 5%

BlockBeats News, April 30, digital asset and AI infrastructure company Galaxy Digital (GLXY) released its first-quarter financial report, reporting a net loss of $216 million for the reporting period, mainly due to the decline in digital asset prices (Q1 crypto total market cap down by about 20%). The company's crypto asset holdings value dropped from $1.67 billion in Q4 2025 to $1.36 billion in early 2026.

Despite the performance pressure, the company's stock price rose by 5% on Tuesday, mainly due to the smooth progress of the AI infrastructure business, having delivered the first data hall to CoreWeave and committing to completing the remaining 133MW AI/IT infrastructure by the end of Q2. In addition, Wall Street analysts have given a "mild buy" rating with a target price of $39.4, representing a 50% upside from the current level of $26.3.

As of March 31, Galaxy's largest crypto holding was 6,894 BTC, worth $431 million, followed by $61 million worth of SOL and $42 million worth of ETH.