Galaxy Digital (NASDAQ: GLXY) [reported]9https://www.prnewswire.com/news-releases/galaxy-announces-fourth-quarter-and-full-year-2025-financial-results-302677310.html) a net loss of $482 million in the fourth quarter as falling digital asset prices weighed on results, according to financial statements released Tuesday.

Q4 was pretty rough it seems.

For the full year, Galaxy reported a net loss of $241 million, or diluted earnings per share of -$0.61. The company said annual results were affected by lower digital asset prices and about $160 million in one-time costs tied to bitcoin mining infrastructure, its corporate reorganization, and accounting impacts related to exchangeable notes.

Despite the losses, Galaxy reported full-year adjusted gross profit of $426 million and adjusted EBITDA of $34 million. Adjusted gross profit and adjusted EBITDA are non-GAAP measures used by the company to exclude transaction expenses and other items.

Galaxy expects to deliver 133 megawatts of critical IT load to CoreWeave in the first half of 2026 under a long-term lease agreement.

In January, Galaxy said it received approval from the Electric Reliability Council of Texas (ERCOT) for an additional 830 megawatts of power capacity at the Helios campus, bringing total approved capacity to more than 1.6 gigawatts.

If Texas wasn't so darn big, I'd try to drive up and look at this place. Sounds cool!