Hyperliquid Gains Counter $216 Million Q1 Loss at Novogratz's Galaxy Digital

Hyperliquid Gains Counter $216 Million Q1 Loss at Novogratz's Galaxy Digital

Hyperliquid Gains Counter $216 Million Q1 Loss at Novogratz's Galaxy Digital Price data byDecryptNewsBusinessHyperliquid Gains Counter $216 Million Q1 Loss at Novogratz's Galaxy DigitalCEO Mike Novogratz said Galaxy Digital’s balance sheet suffered because crypto prices are down, yet Hyperliquid partially offset losses.By André BeganskiEdited by Andrew HaywardApr 28, 2026Apr 28, 20263 min readGalaxy founder and CEO Mike Novogratz. Image: Galaxy/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Galaxy Digital posted a first-quarter net loss of $216 million, or $0.49 per share, an improvement compared to a deficit of $295 million a year ago. The company attributed its second consecutive quarterly loss to a tepid crypto market. Founder and CEO Mike Novogratz said the firm's first-quarter blow was cu

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