BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Galaxy Digital Reports $295M Loss Ahead of Nasdaq Listing
Galaxy Digital Reports $295M Loss Ahead of Nasdaq Listing
18
3
Galaxy Digital, a digital assets and data infrastructure provider, posted a $295 million net loss in Q1, starkly contrasting its $118 million net income from the previous quarter. The loss stems from declining digital asset prices, a $57 million impairment charge, and costs tied to winding down mining operations at its Helios data center.
Despite the setback, the firm reported $12.9 billion in gross revenues and operational gains, though offset by $13.1 billion in transaction expenses—a 21% quarterly drop. Galaxy Digital maintains a positive balance sheet as it prepares for its Nasdaq listing and corporate restructuring.
By:
Previous
Mind Network and Gaib AI Partner to Pioneer Encrypted AI Finance
Next
Kenyan Shilling Outperforms US Dollar Amid Global Currency Shifts
