Galaxy Digital Reports Q1 2025 Loss Amid Strategic Reorganization and Expansion

An announcement from Galaxy Digital Holdings ( (TSE:GLXY) ) is now available.

Galaxy Digital Holdings reported a net loss of $295 million for the first quarter of 2025, primarily due to the depreciation of digital asset prices and a one-time impairment charge related to the wind-down of mining operations at its Helios data center. The company has reorganized and domesticated as a Delaware entity and plans to list on Nasdaq, transitioning its financial reporting to U.S. GAAP. Additionally, Galaxy has expanded its Helios data center capacity for AI and HPC operations, which could enhance its industry positioning and stakeholder value.

The most recent analyst rating on (TSE:GLXY) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Galaxy Digital Holdings stock, see the TSE:GLXY Stock Forecast page.

Spark’s Take on TSE:GLXY Stock

According to Spark, TipRanks’ AI Analyst, TSE:GLXY is a Outperform.

Galaxy Digital Holdings is well-positioned with strong profitability, a robust balance sheet, and strategic growth initiatives in AI and digital assets. The upcoming Nasdaq listing and UK expansion are significant positives. However, revenue volatility, cash management issues, and recent crypto market challenges weigh on the score. The technical analysis indicates potential near-term volatility, and the valuation reflects both optimism and inherent risks. Overall, while the company has a solid foundation for future growth, investors should remain cautious of market volatility and regulatory challenges.

To see Spark’s full report on TSE:GLXY stock, click here.

More about Galaxy Digital Holdings

Galaxy Digital Holdings is a financial services and investment management company operating in the digital asset, cryptocurrency, and blockchain technology sectors. It offers a range of services including trading, asset management, and principal investments, with a focus on digital assets and blockchain technology.

Average Trading Volume: 1,258,083

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$9.83B

For a thorough assessment of GLXY stock, go to TipRanks’ Stock Analysis page.