Galaxy Digital reports a loss of $295 million ahead of its Nasdaq listing this week

Galaxy Digital Holdings and its related subsidiaries have reported a net loss of $295 million for the first quarter of 2025. This comes just days before its highly anticipated listing on the Nasdaq Stock Market.

The digital asset and data infrastructure provider claims that its reported loss is the result of a decline in digital asset prices, an impairment charge of $57 million, and disposal costs that arose as a result of shutting down mining operations at its Helios data center. #establecoins