Galaxy releases Q1 financial report: net loss of $216 million dragged down by the decline in the cryptocurrency market Odaily Planet Daily News: Galaxy Digital announced its first quarter financial report for 2026, which showed a net loss of $216 million in Q1, diluted and adjusted per share loss of $0.49, adjusted gross loss of $88 million, and adjusted EBITDA loss of $188 million due to the decline in the cryptocurrency market. As of March 31, Galaxy Digital had a total equity of $2.8 billion and held $2.6 billion in cash and stablecoins. In terms of digital asset business, Galaxy manages assets worth $5 billion and pledges assets worth $3.2 billion. BlackRock has chosen Galaxy as the validator for its pledged Ethereum exchange traded fund iShares Staked Ethereum Trust ETF. In addition, Galaxy has delivered the first data hall of Helios data center to CoreWeave, officially beginning revenue recognition, and is expected to complete the first phase of 133 MW critical IT load delivery by the end of Q2 2026.