- Galaxy Digital said it posted a $216 million net loss in the first quarter and a loss of $0.49 per share.
- The company said markdowns from a drop in cryptocurrency prices during the quarter drove the loss, though revenue of about $10 billion topped market expectations of $8.8 billion.
- Of its total equity capital of $2.8 billion, the company said it invested about 28%% in the data-center business, while its shares fell about 4%% in premarket trading.
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Galaxy Digital, the digital-asset financial services firm, posted a first-quarter loss as declining cryptocurrency prices triggered valuation markdowns.
Bloomberg reported on April 28 that Galaxy…
