Earnings: Galaxy Digital ’s fourth quarter 2019 net loss of $ 32.9 million

The latest financial report released by Galaxy Digital shows that cryptocurrency commercial bank Galaxy Digital Holding had a net loss of USD 32.9 million in the fourth quarter of 2019. Among them, the net loss realized by the trading department exceeded USD 32 million, and the total net loss (including the unrealized gains and losses of different assets) was approximately USD 16.7 million. Its main investment department had a net loss of US $ 8.4 million. The financial data disclosed this time is as of December 30, 2019, so detailed performance information for 2020 is not included. Since the June 2019 high, the company’s share price has fallen by 65%. Galaxy Digital CEO Michael Novogratz said that compared with the company’s actual performance, Galaxy Digital’s stock is “cheap” and pointed out that the Canadian stock market has historically had little demand for cryptocurrency-related companies.