PANews reported on April 28th that, according to PRNewswire, Galaxy Digital released its Q1 2026 financial results, showing a net loss of $216 million, or $0.49 per diluted and adjusted share, due to the decline in digital asset market prices during the quarter. The company reported an adjusted gross loss of $88 million and an adjusted EBITDA loss of $188 million. As of March 31st, Galaxy Digital had total equity of $2.8 billion and held $2.6 billion in cash and stablecoins.

In the digital asset business, Galaxy's associated digital assets total $5 billion, with $3.2 billion in staked digital assets. BlackRock has selected Galaxy as the validator for its staked Ethereum exchange-traded fund, iShares Staked Ethereum Trust ETF. Furthermore, Galaxy delivered its first data hall to CoreWeave's Helios data center and officially began revenue recognition, with the first phase of 133 MW of critical IT load delivery expected to be completed by the end of Q2 2026.