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CoreWeave is a specialized cloud, purpose-built for GPU-accelerated workloads. CoreWeave run a fully managed, bare metal serverless Kubernetes infrastructure to deliver the best performance in the industry while reducing your DevOps overhead.
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Galaxy Reports Q1 Earnings: Net Loss of $216 Million Amid Crypto Market Downturn
Galaxy Digital has released its financial results for the first quarter of 2026, showing a net loss of $216 million for Q1, impacted by the downturn in the crypto asset market during the quarter. The diluted and adjusted loss per share was $0.49. Adjusted gross loss for the period was $88 million, and adjusted EBITDA loss was $188 million. As of March 31, Galaxy Digital's total equity stood at $2.8 billion, holding $2.6 billion in cash and stablecoins.In terms of digital asset business, Galaxy's assets under management reached $5 billion, with staked assets totaling $3.2 billion. BlackRock has selected Galaxy as the validator for its staked Ethereum exchange-traded fund, the iShares Staked Ethereum Trust ETF. Additionally, Galaxy has delivered the first data hall at the Helios data center to CoreWeave, officially beginning revenue recognition, and expects to complete the delivery of the first phase's 133 megawatts of critical IT load by the end of Q2 2026. (PRNewswire)
CoreWeave Signs $6 Billion Agreement with Jane Street to Provide AI Cloud Computing Services
According to Cointelegraph, publicly listed AI cloud infrastructure company CoreWeave announced a $6 billion agreement with quantitative trading firm Jane Street to provide AI cloud computing services across multiple data centers, supporting Jane Street’s trading and research operations. Per the announcement, Jane Street also purchased $1 billion worth of CoreWeave’s Class A common stock at $109 per share. CoreWeave transitioned from a cryptocurrency mining business to an AI cloud computing infrastructure company as early as 2019 and has since established itself as a leader in the “new cloud computing” space.
Galaxy’s Annual Report Released: Core Business Profitable, Stock Price Surges Over 11% in a Single Day
According to The Block, Galaxy Digital released its full-year 2025 financial results. Although the company reported a net loss of $241 million for the year, its core business achieved profitability on a non-GAAP basis. Specifically, its digital asset business segment—which includes trading, lending, asset management, and staking services—generated adjusted gross profit of $505 million. Boosted by this performance, GLXY’s stock closed up 11.3% that day at $21.15. CEO Mike Novogratz stated that the company’s Helios data center has received ERCOT approval to expand capacity to 1.6 gigawatts, and CoreWeave has signed a long-term lease for 800 megawatts of that capacity, securing a stable, long-term revenue stream. He emphasized that the industry is shifting from “narrative-driven” to “infrastructure-driven,” and Galaxy will continue to focus on core areas including the institutional market, asset management, onchain infrastructure, and AI data centers.
Related news
Galaxy Reports Q1 Earnings: Net Loss of $216 Million Amid Crypto Market Downturn
Galaxy Digital has released its financial results for the first quarter of 2026, showing a net loss of $216 million for Q1, impacted by the downturn in the crypto asset market during the quarter. The diluted and adjusted loss per share was $0.49. Adjusted gross loss for the period was $88 million, and adjusted EBITDA loss was $188 million. As of March 31, Galaxy Digital's total equity stood at $2.8 billion, holding $2.6 billion in cash and stablecoins.In terms of digital asset business, Galaxy's assets under management reached $5 billion, with staked assets totaling $3.2 billion. BlackRock has selected Galaxy as the validator for its staked Ethereum exchange-traded fund, the iShares Staked Ethereum Trust ETF. Additionally, Galaxy has delivered the first data hall at the Helios data center to CoreWeave, officially beginning revenue recognition, and expects to complete the delivery of the first phase's 133 megawatts of critical IT load by the end of Q2 2026. (PRNewswire)
CoreWeave Signs $6 Billion Agreement with Jane Street to Provide AI Cloud Computing Services
According to Cointelegraph, publicly listed AI cloud infrastructure company CoreWeave announced a $6 billion agreement with quantitative trading firm Jane Street to provide AI cloud computing services across multiple data centers, supporting Jane Street’s trading and research operations. Per the announcement, Jane Street also purchased $1 billion worth of CoreWeave’s Class A common stock at $109 per share. CoreWeave transitioned from a cryptocurrency mining business to an AI cloud computing infrastructure company as early as 2019 and has since established itself as a leader in the “new cloud computing” space.
Galaxy’s Annual Report Released: Core Business Profitable, Stock Price Surges Over 11% in a Single Day
According to The Block, Galaxy Digital released its full-year 2025 financial results. Although the company reported a net loss of $241 million for the year, its core business achieved profitability on a non-GAAP basis. Specifically, its digital asset business segment—which includes trading, lending, asset management, and staking services—generated adjusted gross profit of $505 million. Boosted by this performance, GLXY’s stock closed up 11.3% that day at $21.15. CEO Mike Novogratz stated that the company’s Helios data center has received ERCOT approval to expand capacity to 1.6 gigawatts, and CoreWeave has signed a long-term lease for 800 megawatts of that capacity, securing a stable, long-term revenue stream. He emphasized that the industry is shifting from “narrative-driven” to “infrastructure-driven,” and Galaxy will continue to focus on core areas including the institutional market, asset management, onchain infrastructure, and AI data centers.