Galaxy Digital posts $216 million Q1 net loss as digital asset values fall

3 articles · Updated · Bloomberg · Apr 28

The New York-based firm reported a loss of 49 cents per share, with revenue reaching $10 billion, surpassing analyst estimates of $8.8 billion.
The loss was primarily attributed to the depreciation of digital asset prices, though recurring fee revenue and transaction income showed improvement.
Galaxy Digital’s shift toward data centers contributed to a narrower-than-expected loss, but shares fell about 4% in pre-market trading as the crypto rout continued.

Why did Galaxy Digital's stock fall despite beating revenue estimates by over $1 billion?

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