Galaxy Digital delivers first data center tranche to CoreWeave after narrowing Q1 loss

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Galaxy Digital delivers first data center tranche to CoreWeave after narrowing Q1 loss Galaxy secured approval to double its Helios data center power capacity to over 1.6GW, building on its strategic expansion into AI infrastructure. By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback Apr 28, 2026, 2:09 p.m. Make preferred on (Taylor Vick/Unsplash) What to know : Galaxy Digital's first-quarter net loss narrowed to $216 million as it looked to steadier revenue-generating businesses. After the quarter, the company handed its first data-center hall to CoreWeave. It also secured approval to double the Helios data center power capacity to over 1.6GW, signifying a major strategic expansion into AI infrastructure. Galaxy Digital (GLXY) narrowed its first-quarter loss as a shift in business mix and tighter financial management outweighed a decline in cryptocurrency prices. The company lost $216 million, or 49 cents a share, less than the 59 cents estimated by analysts. Revenue dropped to $10.2 billion from $12.9 billion in the year-earlier quarter. The company is increasingly focusing on the growing demand for data centers, and this month delivered its first data hall at the Helios campus in Texas to CoreWeave (CRWV), marking the start of revenue under a long-term lease tied to artificial intelligence workloads. "Adjusted gross profit remained broadly stable, reflecting a shift in the business mix as recurring fee revenue and transaction income continue to scale and provide greater resilience in softer market conditions," the company said in a statement. "Disciplined expense management during the quarter helped narrow the adjusted EBITDA loss, underscoring a focus on operating efficiency in more challenging environments." The Helios facility is set to deliver 133 megawatts of computing power by the end of the second quarter. The company also secured approval for an additional 830 megawatts of power at the site, bringing total capacity to more than 1.6 gigawatts. GLXY shares fell for a second day, and were recently 0.84% lower at $24.84. Galaxy Digital Artificial Intelligence AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Visa is teaming up with a Tether co-founder to build onchain banks By Ian Allison | Edited by Jamie Crawley 31 minutes ago Collins wants to bring robust stablecoin payments infrastructure to under-banked people around the planet. What to know : Visa is working with blockchain-based stablecoin infrastructure firm WeFi to build onchain payments and banking services The rollout will take place region by region, starting with selected markets in Europe, Asia, and Latin America. The Visa partnership closes that "last half mile" of onchain banking infrastructure. Read full story Latest Crypto News New wallet offers way to tackle Bitcoin’s quantum risk without a fork 9 minutes ago Visa is teaming up with a Tether co-founder to build onchain banks 31 minutes ago CoinDesk 20 performance update: Stellar (XLM) drops 1.7% as index moves lower 50 minutes ago CFTC's AI will review U.S. crypto registration applications, chairman tells CoinDesk 1 hour ago Bulls want bitcoin back above $80,000. Macro says not so fast. 2 hours ago Crypto traders turn cautious as bitcoin loses steam below $80,000 3 hours ago Top Stories Bitcoin loses $77,000, ether, solana slide as Hormuz standoff lifts oil to 3-week high 8 hours ago Industry leaders are pouring hundreds of millions into a rescue plan for Aave users after massive crypto hack 16 hours ago Ondo Finance adds proxy voting for holders of its $700 million tokenized equities 6 hours ago Jack Dorsey's Block nears 9,000 bitcoin in treasury after Q1 addition 4 hours ago Bitmine's ether buys are catching up to Strategy's bitcoin accumulation pace 5 hours ago A digital shekel is here: Israel approves its first regulated stablecoin 3 hours ago