Galaxy Digital reported a net loss of $216 million in Q1, yet its stock price rose by 5% against the trend

Galaxy Digital (GLXY), a digital asset and AI infrastructure company, released its Q1 financial report, showing a net loss of $216 million during the reporting period, primarily due to the decline in digital asset prices. The value of the company's cryptocurrency holdings dropped from $1.67 billion in Q4 2025 to $1.36 billion at the beginning of 2026. Despite the pressure on performance, the company's stock price rose 5% on Tuesday, mainly due to the smooth progress of its AI infrastructure business, having delivered its first data hall to CoreWeave and committing to complete the remaining 133 MW of AI/IT infrastructure by the end of Q2.

Additionally, Wall Street analysts have given a "moderate buy" rating with a target price of $39.4, indicating a 50% upside from the current level of $26.3. As of March 31, Galaxy's largest cryptocurrency holding was 6,894 BTC, valued at $431 million, followed by $61 million in SOL and $42 million in ETH.