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BTCC / BTCC Square / Global Cryptocurrency /
Galaxy Digital Reports $295M Loss Ahead of Nasdaq Listing

Galaxy Digital Reports $295M Loss Ahead of Nasdaq Listing

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-05-13 18:00:02
0

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.

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