Galaxy Digital released its Q1 financial report with a net loss of $295 million and is expected to be listed on the Nasdaq on May 16;

CoinRank News: Galaxy Digital announced that it has completed the restructuring of its legal registration from the Cayman Islands to Delaware, USA. The move is part of the companys preparation for its planned listing on the Nasdaq Global Market on May 16, with the stock code expected to be GLXY. At the same time, Galaxy Digital announced its first quarter financial report as of March 31, 2025, recording a net loss of US$295 million, a sharp reversal from the net profit in the previous quarter. The company said the loss was mainly due to the decline in digital asset prices during the period and US$57 million in impairment charges and disposal costs related to the closure of Helios data center mining operations. As of the end of the quarter, the companys assets under management fell 29% month-on-month to US$7 billion. The company currently holds US$1.1 billion in cash and stablecoins and US$1.9 billion in equity. (The Block)