Galaxy Digital has reported a first-quarter net loss of $295 million, attributed to depreciation of digital assets and charges related to winding down Helios’s data center mining operations. The company also announced completion of its domestication process in the US, ahead of its planned listing on the Nasdaq on May 16th. Despite this quarter’s losses, Galaxy expects operating income of $160-170 million in Q2, with equity capital expected to reach $2.2 billion by May 12th. This news comes alongside a positive development as the company secured a strategic partnership with CoreWeave for its Helios data center campus, expanding capacity for AI and high-performance computing workloads.