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Galaxy Digital Reports $241M Annual Loss Amid Crypto Market Downturn

Galaxy Digital Reports $241M Annual Loss Amid Crypto Market Downturn

Author:

Global Cryptocurrency

Published:

2026-02-05 01:32:01

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BTCCSquare news:

Galaxy Digital's annual report reveals a $241 million net loss, exacerbated by a $482 million shortfall in Q4 alone. The crypto slump triggered steep declines in digital asset valuations and trading volumes, underperforming Wall Street expectations.

The firm's Texas data center expansion, including the 1.6 GW Helios campus, signals a strategic pivot toward infrastructure development. This move aims to stabilize revenue streams regardless of near-term crypto market volatility.

Key losses stemmed from markdowns on crypto holdings and reduced transaction fees. One-time charges for mining infrastructure and corporate restructuring further impacted financials.

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