Galaxy Digital reported a net loss of $216 million in Q1, but its stock price still rose 5% against the market trend.

According to Mars Finance, Galaxy Digital (GLXY), a digital asset and AI infrastructure company, released its Q1 earnings report, showing a net loss of $216 million, primarily due to the decline in digital asset prices. The company's crypto asset holdings decreased from $1.67 billion in Q4 2025 to $1.36 billion in early 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. It has delivered its first data hall to CoreWeave and committed to completing the remaining 133 MW of AI/IT infrastructure by the end of Q2. Furthermore, Wall Street analysts have given it a "moderate buy" rating with a target price of $39.4, representing a 50% upside from the current $26.3 level. As of March 31, Galaxy's largest crypto holding was 6,894 BTC, worth $431 million, followed by $61 million in SOL and $42 million in ETH.