Overview
- Galaxy Digital, which reported results Tuesday, posted a $216 million net loss for Q1 2026 with diluted EPS of $0.49 and negative adjusted EBITDA of $188 million.
- The deficit followed a roughly 20% slide in crypto prices during the quarter that drove unrealized markdowns, though the loss narrowed from $482 million in Q4.
- The company delivered the first data hall at its Helios campus in West Texas to CoreWeave, starting lease revenue under a long‑term contract for AI workloads.
- Texas grid operator ERCOT approved an additional 830 megawatts for Helios, lifting authorized capacity above 1.6 gigawatts, with 133 megawatts targeted for Phase I delivery by the end of Q2.
- Galaxy ended March with about $2.6 billion in cash and stablecoins and $2.8 billion in total equity, and it is guiding to roughly $90 million in adjusted EBITDA for Q2.