GLXY

Galaxy Digital's stock price has been impacted by the volatile cryptocurrency market and the company's strategic pivot towards data centers. In Q4 2025, Galaxy reported a net loss of $482 million due to the depreciation of digital asset prices, leading to a stock decline. In Q1 2026, the company reported a GAAP net loss of $216 million, driven by unrealized losses on digital asset holdings, but the stock saw an increase due to progress in its data center business. Galaxy has emphasized its strategic pivot towards AI and high-performance computing (HPC) data centers, securing approval to add 830 MW of power at its Helios facility. Galaxy Digital filed for a $500 million at-the-market (ATM) equity offering and a separate registration statement for the potential resale of over 265 million existing shares. During Q1 2026, Galaxy repurchased 3.2 million Class A shares for $65 million and completed a voluntary delisting from the Toronto Stock Exchange to consolidate its listing on Nasdaq.