Galaxy Digital Inc. reported a net loss of $241.3 million for the year ended December 31, 2025, a significant decrease from a net income of $346.7 million in 2024. Adjusted EBITDA for 2025 was $33.7 million, down from $715.4 million in 2024. Total revenues increased by 42% to $60.4 billion in 2025, primarily driven by a $17.7 billion increase in Digital assets sales, including a significant trade of 80,000 BTC in Q3 2025. The company's total equity grew by 38% to $3.0 billion as of December 31, 2025, from $2.2 billion in 2024. Galaxy is expanding into the AI/HPC data center business, with its Helios campus in West Texas developing 133 MW of critical IT load for CoreWeave, expected to be delivered by end of H1 2026. Total approved power capacity at the Helios campus doubled to over 1.6 GW in January 2026, with 600 MW supporting an incremental 393 MW for CoreWeave by 2028. A legal provision of $151.0 million was accrued as of December 31, 2025, to resolve civil claims with the New York State Attorney General related to LUNA digital asset investments and statements from late 2020 to 2022. The company launched GalaxyOne in October 2025, a retail fintech platform offering FDIC-insured high-yield demand deposit accounts, debt securities for accredited investors, and commission-free equities and crypto trading. Digital asset impairment losses increased by 127% to $753.7 million in 2025, mainly due to higher exposure to digital assets that do not qualify for fair value treatment under ASU 2023-08. Property and equipment increased by $1.2 billion to $1.4 billion, primarily due to investment in AI/HPC infrastructure, partially offset by an $87.3 million impairment of mining equipment. The company raised significant capital in 2025, including $1.3 billion in 0.50% Exchangeable Senior Notes due 2031, a $460 million private strategic investment, and $477.8 million net proceeds from a public offering of Class A common stock.