---
schema_version: "secwatch.filing_event.v1"
accession: "0001859392-25-000007"
form_type: "8-K"
ticker: "GLXY"
cik: "0001859392"
company_name: "Galaxy Digital Inc."
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T17:56:21.763030+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Galaxy Digital Q1 net loss $295M ($0.86/share); CoreWeave ups commitment to 393 MW

## Summary
- Net loss of $295M ($0.86 per diluted share) vs Q4 net income of $118M; includes $57M impairment from winding down Helios mining.
- Digital Assets adjusted gross profit $64.8M (-36% QoQ) due to softer asset prices and lower client trading.
- CoreWeave exercised option for additional ~260 MW at Helios, increasing total committed IT load to ~393 MW; deliveries start 2027.
- Preliminary Q2-to-date (thru May 12) operating income estimate $160-170M; equity capital estimated at $2.2B.
- Galaxy completed U.S. domestication; expects to list on Nasdaq on May 16, 2025.

## SEC filing metadata
- accession: 0001859392-25-000007
- form_type: 8-K
- ticker: GLXY
- cik: 0001859392
- company_name: Galaxy Digital Inc.
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1859392/000185939225000007/0001859392-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1859392/000185939225000007/glxy-20250513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001859392-25-000007
- JSON: https://secwatch.observer/filing/0001859392-25-000007.json
- Plain text: https://secwatch.observer/filing/0001859392-25-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.