What does data centers — impairment of digital assets mean?

Reflects the non-cash charge recognized when the carrying value of digital assets held by the data center segment exceeds their fair market value. This metric highlights potential volatility and risk associated with the segment's digital asset holdings.

Galaxy Digital (GLXY) Data Centers — Impairment of digital assets

Screener

Other segment segments

Treasury and Corporate

$0-100%

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CBOEDigital — Impairment of intangible assets

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TSQDigital Advertising — Impairment of intangible assets

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BFAMFull service center-based child care — Asset impairment charges

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TSQSubscription Digital Marketing Solutions — Impairment of intangible assets

$0—

Other financials

Income statement

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Revenue$10.0B-22.6%

Net income-$216.3M—

EPS (diluted)-$0.49+43.0%

Balance sheet

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Cash & equivalents$910.7M+91,069,000%

Total debt$2.6B—

Total equity$1.8B+181,170,600%

Total assets$10.0B+999,198,000%

Cash flow

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Operating cash flow-$83.3M-152%

CapEx$337.9M+269%

Free cash flow-$421.2M-722%

Valuation

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Market cap$3.65B+2.0%

Enterprise value$5.38B+48.5%

P/S0.1×0.0×

Profitability

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Net margin-0.3%-0.5pp

FCF margin-3.5%—

Returns & leverage

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Return on equity-17.9%-9.0pp

Debt / equity1.5×—

Current ratio1.7×—

Where this comes from

Reported directly by Galaxy Digital in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Galaxy Digital’s 10-Q, filed May 8, 2026.

Filed: May 8, 2026, 4:21 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001859392-26-000054

(in thousands)	Digital Assets	Data Centers	Treasury and Corporate	Totals
Gains / (losses) from operations	310,276	—	(138,495)	171,781
Revenues and gains / (losses) from operations	10,348,833	3,050	(138,658)	10,213,225
Transaction expenses	10,015,414	—	1,331	10,016,745
Impairment of digital assets	284,402	—	—	284,402
Compensation and benefits	58,595	3,103	21,850	83,548
Notes interest expense	—	—	17,576	17,576
Depreciation and amortization	3,164	—	2,675	5,839
Other expenses	21,809	1,494	17,073	40,376

Item 1. Financial Statements

FAQ

What is Galaxy Digital's data centers — impairment of digital assets?: Galaxy Digital (GLXY) reported data centers — impairment of digital assets of $0 in Q1 2026.
What does data centers — impairment of digital assets mean?: Reflects the non-cash charge recognized when the carrying value of digital assets held by the data center segment exceeds their fair market value. This metric highlights potential volatility and risk associated with the segment's digital asset holdings.