Galaxy Digital Reports $216M Q1 Loss, Stock Rallies 5% on AI Infrastructure Progress

According to BlockBeats, Galaxy Digital reported a net loss of $216 million in Q1 2026 on April 30, primarily due to a 20% decline in total cryptocurrency market capitalization. The company's crypto asset holdings fell from $1.67 billion at the end of Q4 2025 to $1.36 billion in early 2026.

Despite the loss, the stock rose 5% on Tuesday, driven by progress in its AI infrastructure business. Galaxy Digital has delivered its first data center to CoreWeave and committed to completing the remaining 133MW of AI/IT infrastructure by the end of Q2. Wall Street analysts assigned a "moderate buy" rating with a $39.40 price target, implying 50% upside from the current $26.30 level.