Galaxy Digital Holdings and its relevant companies have reported a net loss of $ 295 million for the first quarter of 2025. This will come a few days before its expected list in the stock market on the Nasdaq Stock Exchange.
Digital asset provider and data infrastructure are claimed The loss has been reported It is a result of the decline in digital asset prices, a charge of twice the 57 million dollars, and the disposal costs that came as a result of ending mining operations at the Helios Data Center.
A imminent list in Nasdak and the reorganization of companies
The financial report of the first quarter of the Galaxy Digital was not excellent, as it reported a net loss of $ 295 million, which represents a flagrant contradiction from the previous quarter, as it achieved a net net of $ 118.
Its revenues and total gains of operations amounted to $ 12.9 billion, and this number has been compensated by $ 13.1 billion of total transactions expenses, which represents a 21 % decrease in a quarter of a quarter.
However, the reality was not dark because it still maintains a positive public budget with more than $ 1.1 billion in cash, Stablecoins and Riseity Capital, which amounted to $ 1.9 billion at the end of the quarter.
The company’s shareholders recently voted for approval of its domestication as Delaware.
Last month, Galaxy Digital announced that it had obtained approval from the Supreme Education Council for a domestication to Dilayer from the Kayman Islands, a step that is seen to enable its possible list on the Nasdaq Stock Exchange.
Galaxy Digital, currently inserted on the Toronto Stock Exchange, has sought approval from the exchange of its transfer to the United States. It intends to start trading its shared A.A. on the Nasdaq Stock Exchange on May 16 under the Ticker, GLXY code.
Data Center obligations at Galaxy Digital with Coreweave
Galaxy attacked the expansion plans on the Helios Data Center. March Coreave, a cloud infrastructure company, is an option to rent an additional 260 megawatts of computing capacity at the highest rental contract of 133 megawatts announced in March.
The expansion brings Coreove committed to Helios to about 393 MW, with delivery operations in 2027.
Helios facility is a major part of the Galaxy strategy to diversify beyond the circulation of digital assets and investment because it burns towards artificial intelligence and high -performance computing infrastructure.
Although the first quarter relapse, Galaxy remains optimistic about her outlook. The company estimates operating income between 160 million dollars and 170 million dollars for the second quarter to May 12. The share capital increased to about $ 2.2 billion in the same period.
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