Galaxy Digital Reports $216M Q1 Loss, Activates Helios Data Hall for CoreWeave
In Q1 2026, Galaxy Digital reported a net loss of $216 million and adjusted EBITDA of $(188) million due to falling digital asset prices. The company activated its first data hall at the Helios campus, marking a transition to revenue-generating operations and a strategic focus on AI infrastructure.
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Galaxy Digital reported a net loss of $216 million for Q1 2026, with diluted and adjusted EPS of $(0.49). The company activated its first data hall at the Helios campus, enabling revenue generation under a long-term lease with CoreWeave.
As of March 31, 2026, Galaxy's total equity reached $2.8 billion, a 46% year-over-year increase, with $2.6 billion in cash and stablecoins. The Helios data center received ERCOT approval for an additional 830 megawatts, doubling its capacity to over 1.6 gigawatts.
With total crypto market cap down 20%, Galaxy’s treasury segment recorded significant losses. The strategic shift towards data centers may mitigate risks associated with volatile digital asset markets.
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