On March 28th, Galaxy Digital, a Canadian investment company run by blockchain technology celebrity Mike Novogratz, revealed that it had initially completed a pre-tax salary profit of $150 million from January 1 to March 24, 2023.

Prior to that, it lost $1 billion in 2022, thanks in part to a $659 million loss on digital property and a $496 million loss on project investment. As Novogratz used to say:

2022 was a year for Galaxy, and although we and our field encountered macroeconomic policy things we had never seen before, we stuck to it well and were able to radically take advantage of major opportunities to create our own business processes for the future.

On May 19, 2022, Novogratz claimed that using a collapse in the $40 billion Terra ecosystem made him "feel guilty forever" and strictly enforced the password field "looks better than ever and does not fade away quickly." A year ago, on February 3, 2021, Cointelegraph reported that Galaxy had invested $25 million in the Terra agreement. Galaxy released net profit of $1.7 billion in 2021 at the height of the password bull market.

It is reported that Galaxy chose to abandon its plan to list in the United States in August 2022 after it stopped buying and selling BitGo, a digital asset recovery company with $100m. Later in November, the company also disclosed an open-ended $77 million to the failed cryptocurrency exchange FTX, of which $48 million could be locked up to withdraw cash.

By the end of 2022, the company's partner assets fell by $2.6 billion year-on-year to $1.4 billion. Despite the setback, Novogratz showed that it had a strong liquid trading position of $957 million. The company estimates that his son, Galaxy Mining, will increase its BTC (BTC) mining hash rate to four hashes per second by the end of this year, thanks in part to the company's $65 million recycling of Argo BlockChain's flagship machine, Helio.

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