Galaxy Digital

Galaxy Digital opened lower and drifted downward during regular trading, dropping approximately 5% to $21.16 by 11:30 ET, significantly below the previous close of $22.31. The stock initially spiked to an intraday high of $22.80 in pre-market trading after announcing a 15-year naming rights partnership with Texas Tech football stadium, but the rally quickly faded as the market discounted the news. Q1 2026 results showed a net loss of $92.15 million, though narrowing 16.18% YoY, with revenue of $10.213 billion declining 20.56% YoY and a net margin of -2.12%. The stock at $21.23 sits well below its 20-day MA ($26.59) and 60-day MA ($28.52), and 53.78% off its 52-week high of $45.92, indicating persistent weakness. While post-market trading saw a rebound to $22.31, matching the prior close, as some buyers stepped in.

Galaxy Digital initially dropped 4.6% to $23.35 in early trading, pressured by Bitcoin sentiment and persistent earnings losses. Pre-market traded between $24.54 and $23.80, and regular session opened at $23.85 before sliding to the intraday low, now 49.1% below its 52-week high of $45.92. Q1 2026 revenue fell 20.56% YoY to $10.21 billion, with a net loss of $92.15 million, narrower than the $197.89 million loss in Q4 2025, though EPS remained negative at -$0.49 and ROE was -19.57%. The stock now trades below both its 20-day MA ($27.23) and 60-day MA ($28.60), with a YTD decline of 5.47%. While the low turnover rate of 0.13% suggests limited selling pressure.

Galaxy Digital experienced a volatile session, falling about 5.0% from the prior close of $24.880 to $23.630 by 12:17 ET, with an intraday peak of $24.960 at 09:34 before retreating to a session low of $23.630. The decline was primarily driven by news that Hon Hai Precision Industry's subsidiary disclosed the disposal of Galaxy's common shares, fueling concerns over shareholder selling pressure, compounded by a subdued crypto sentiment. Financially, while the company narrowed its Q1 2026 net loss to $92.154 million (improving 16.18% YoY), operating revenue fell 20.56% YoY to $10.21 billion, underscoring top-line challenges. The stock now trades at $23.635, well below its 20-day MA of $28.646 and 60-day MA of $28.688, and remains 48.53% below the 52-week high of $45.92. However, Galaxy's recent 15-year deal to deliver 133 MW of IT load to CoreWeave, converting a bitcoin mine into an AI hub, provides a long-term revenue anchor.

Galaxy Digital rose 4.3% during the regular session, driven by the completion of Phase I of its Helios data center campus, delivering 133 megawatts of critical IT load to CoreWeave under a 15-year deal that transforms a bitcoin mining site into an AI hub. Q1 2026 operating revenue of $10.21 billion fell 20.6% YoY, while net loss narrowed 16.2% to $92.15 million, though losses still weigh on fundamentals. The stock hit an intraday high of $26.175, rebounding from its pre-market low of $25.260, but dipped to $25.15 in after-hours trading, suggesting some profit-taking.

Galaxy Digital (GLXY.US) opened slightly higher in pre-market at $25.27, surged to an intraday high of $25.56 during regular trading, but then reversed sharply, hitting a session low of $24.115 and closing at $24.11, down roughly 5.1% from the prior close of $25.40. The initial rally was driven by the company's announcement that it had delivered 133 megawatts of critical IT load to CoreWeave at its Helios data center in Phase I, marking a key milestone in its transition from a Bitcoin mining facility to an AI infrastructure hub. However, the gains were erased as the broader crypto market sentiment remained weak (with Bitcoin prices under pressure) and the company's fundamentals continued to show losses (Q1 2026 net loss of $92.154 million, net profit margin of -2.12%). The stock now trades well below its 20-day moving average of $30.02 and 60-day moving average of $28.57, indicating a weak technical position, and remains 47.5% below its 52-week high of $45.92, though the YTD decline is only 2.59%.