Galaxy Digital will officially list on Nasdaq, announcing a loss of nearly 300 million in the first quarter.

The crypto investment company Galaxy Digital, which has been listed in Canada, will officially be listed on the NASDAQ exchange with the code “GLXY” on 5/16 (NASDAQ). Galaxy Digital also announced its financial condition for the first quarter, reporting a net loss of $295 million due to the fall in the cryptocurrency market in the first quarter, and as of March 31, its digital asset exposure was $908 million, a decrease of 37% compared to the fourth quarter.

Galaxy Digital officially listed in the United States.

The crypto investment firm Galaxy Digital, led by Mike Novogratz, was listed on the Toronto Stock Exchange (TSX) in 2015. The company has relocated its registered office from the Cayman Islands to Delaware this year and has applied to be listed on the NASDAQ exchange (NASDAQ) in the United States.

According to previous reports, Galaxy Digital will be listed under the code “GLXY”, and CEO Mike Novogratz will retain nearly 60% of the voting rights, continuing to maintain control of the company.

Galaxy Digital reported a loss of nearly 300 million in the first quarter.

Galaxy Digital also submitted its financial report for the first quarter, which showed a net loss of $295 million, contrasting sharply with a net income of $118 million in the previous quarter. The company stated that the primary reason for the loss was the fall in digital asset prices in the first quarter, which impacted trading activity and valuations, as well as a $57 million impairment charge and disposal costs related to the shutdown of its Helios data center mining business.

Galaxy is expected to start generating data center leasing revenue in the first half of 2026, at which time, according to the first phase of the leasing agreement, it will begin providing critical IT capacity to CoreWeave.

Galaxy’s asset management is nearly 7 billion dollars, generating an adjusted gross profit of 21.6 million dollars in the first quarter, an 8% decrease from the previous quarter. The main reasons for the decline are the fall in digital asset prices and the decrease in on-chain activity.

Galaxy Digital owns 900 million USD in crypto assets.

As of March 31, Galaxy Digital’s net digital asset exposure was $908 million, a 37% decrease from the fourth quarter. This includes direct holdings of crypto assets, including Bitcoin and Ethereum-wrapped tokens, as well as investments in tools such as Bitcoin futures ETFs and Galaxy-managed Bitcoin funds. It also includes $19.6 million in SOL, $21.7 million in TIA, and $53.9 million in SOL and $17.4 million in AVAX invested through the Galaxy Crypto Vol Fund, as well as equity in companies such as Ripple Labs.

This article states that Galaxy Digital will officially be listed on Nasdaq, announcing a loss of nearly 300 million SD in the first quarter, first appearing in Chain News ABMedia.