Galaxy Digital Narrows Q1 Loss Amid Strategic Pivot to Data Centers

BTCC / BTCC Square / Global Cryptocurrency /

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2026-04-29 12:18:02

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Galaxy Digital reported a reduced net loss of $216 million for Q1 2024, outperforming analyst expectations despite a 21% year-over-year revenue decline to $10.2 billion. The crypto-focused financial firm's 49-cent per-share loss beat consensus estimates by 10 cents, reflecting tightened cost controls and early returns from its infrastructure bet.

Strategic investments in AI-ready data centers are reshaping the company's trajectory. The recent handover of its first Texas data hall to CoreWeave marks Galaxy's entry into long-term cloud computing leases—a hedge against crypto market volatility. By Q2, its Helios facility will reach 133MW of operational capacity.

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