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Galaxy Digital releases transcript of Q1 2026 earnings call

PUBT·04/29/2026 15:44:23
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Galaxy Digital releases transcript of Q1 2026 earnings call
  • Galaxy Digital hosted its fiscal 2026 first-quarter earnings call on April 28 with Founder and CEO Michael Novogratz, CFO Tony Paquette, President and CIO Christopher Ferraro, Head of Investor Relations Jonathan Goldowsky, analysts from Citi, Piper Sandler, Morgan Stanley, Chardan, Citizens, Compass Point, BTIG, ATB, Canaccord, Rosenblatt, Jefferies, and a Goldman Sachs representative.
  • Results showed GAAP net loss of $216 million, adjusted EBITDA of negative $188 million, driven by $140 million adjusted gross loss in treasury and corporate from unrealized mark-to-market losses on digital asset holdings.
  • Management flagged Helios Phase 1 as reaching a key de-risking milestone with first data hall delivered to CoreWeave, revenue expected to start ramping in Q2, and delivery of substantially all 133 megawatts of critical IT capacity targeted by end of Q2.
  • Phase 2 build advanced for 260 megawatts, Phase 2 data hall deliveries targeted to start in first half of 2027, financing markets described as open with more details expected “in the near term.”
  • Ferraro reiterated confidence in 830 megawatts of incremental Helios capacity as eligible for ERCOT “baseload” treatment under draft PGRR145, while management guided to June for more clarity on ERCOT batch-process timing for an additional 1.8 gigawatts in the pipeline.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Galaxy Digital Inc. published the original content used to generate this news brief on April 29, 2026, and is solely responsible for the information contained therein.