secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Digital Inc. (GLXY)
CIK:        0001859392
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001859392-25-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1859392/000185939225000007/0001859392-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1859392/000185939225000007/glxy-20250513.htm
  HTML page:      https://secwatch.observer/filing/0001859392-25-000007

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