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Galaxy Digital Posts $134M First-Quarter Profit on Strong Showing for Crypto Market

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.galaxyhq reported net income of $134 million in Q1, returning to the black after four quarters of losses because of a strong showing across the crypto market since the start of the year. By JamieCrawleyCD

Cryptocurrency-focused financial services firm Galaxy Digital returned to the black in the first quarter for the first time since end-2021 as the crypto market rebounded.

The New York-based company reported $134 million in net income for the three months ended March, compared with net losses ofFollowing the turbulent 2022, brought to a head by the collapse of crypto exchange FTX in November, the cryptocurrency market has rebounded of this year.

 

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