Galaxy Digital Reports $216 Million Loss Amid Crypto Price Decline

Galaxy Digital, a digital asset and AI infrastructure company, reported a net loss of $216 million for the first quarter, primarily due to a decline in digital asset prices. According to ChainCatcher, the company's crypto asset holdings decreased from $1.67 billion at the end of Q4 2025 to $1.36 billion at the beginning of 2026. Despite the financial pressure, Galaxy Digital's stock rose by 5% on Tuesday, attributed to progress in its AI infrastructure business, including the delivery of its first data hall to CoreWeave and a commitment to complete the remaining 133 MW AI/IT infrastructure by the end of Q2. Wall Street analysts have given Galaxy Digital a "moderate buy" rating, with a target price of $39.4, suggesting a 50% increase from the current level of $26.3. As of March 31, Galaxy's largest crypto holding was 6,894 BTC, valued at $431 million, followed by $61 million in SOL and $42 million in ETH.