Galaxy Digital Reports Q1 2025 Financial Results

Galaxy Digital Holdings ( (BRPHF) ) has released its Q1 earnings. Here is a breakdown of the information Galaxy Digital Holdings presented to its investors.

Galaxy Digital Holdings, a leader in digital assets and data center infrastructure, provides solutions in finance and artificial intelligence, with a focus on trading, advisory, asset management, and high-performance computing. In its first quarter of 2025, Galaxy Digital reported a net loss of $295 million, primarily due to the depreciation of digital asset prices and a one-time impairment charge related to its mining operations. The company also announced its reorganization as a Delaware entity and plans to list on Nasdaq. Key financial metrics showed a decline in total assets and equity capital, while cash and net stablecoins holdings increased slightly. The company reported a gross revenue of $12.9 billion, offset by transaction expenses, resulting in a net loss. Despite these challenges, Galaxy Digital is expanding its data center capacity, with plans to deliver additional critical IT load to CoreWeave by 2027. Looking forward, Galaxy Digital aims to leverage its reorganization and Nasdaq listing to strengthen its position in the digital asset and high-performance computing sectors, with expectations of generating significant revenue from its data center operations starting in 2026.