Galaxy Digital announced its Q1 2026 financial results, showing a net loss of $216 million, or $0.49 per diluted and adjusted share, impacted by the decline in the crypto asset market during the quarter. The adjusted gross loss was $88 million, and the adjusted EBITDA loss was $188 million. As of March 31, Galaxy Digital had total equity of $2.8 billion and held $2.6 billion in cash and stablecoins. In its digital asset business, Galaxy manages $5 billion in assets and has $3.2 billion in staked assets. BlackRock has selected Galaxy as a validator for its staked Ethereum exchange-traded fund, iShares Staked Ethereum Trust ETF. Furthermore, Galaxy delivered its first data hall to CoreWeave's Helios data center, officially commencing revenue recognition, and expects to complete the first phase of 133 MW of critical IT load delivery by the end of Q2 2026. (PRNewswire)