<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2026 Workiva-->
<!--r:019fd2c8-6d31-73cd-9b17-dc297b807b8f,g:34e8fb5a-3815-4c83-9f9c-eff191ba3cf0-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="https://xbrl.org/2023/arcrole/summation-item" xlink:type="simple" xlink:href="https://www.xbrl.org/2023/calculation-1.1.xsd#summation-item"/>
  <link:roleRef roleURI="http://www.galaxy.com/role/CondensedConsolidatedInterimStatementsofOperationsandOtherComprehensiveIncomeLoss" xlink:type="simple" xlink:href="glxy-20260630.xsd#CondensedConsolidatedInterimStatementsofOperationsandOtherComprehensiveIncomeLoss"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/CondensedConsolidatedInterimStatementsofOperationsandOtherComprehensiveIncomeLoss" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019fd2c8-7159-767b-a036-e0c8631851e9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_019fd2c8-7159-768c-be25-587d1e49b938" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpenses"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019fd2c8-7159-767b-a036-e0c8631851e9" xlink:to="loc_us-gaap_OperatingExpenses_019fd2c8-7159-768c-be25-587d1e49b938" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019fd2c8-7159-70b4-b5fe-06eae9ecbdb7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019fd2c8-7159-767b-a036-e0c8631851e9" xlink:to="loc_us-gaap_NonoperatingIncomeExpense_019fd2c8-7159-70b4-b5fe-06eae9ecbdb7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-7159-7256-b8a5-080c841db54a" xlink:href="glxy-20260630.xsd#glxy_RevenuesAndGainsLossesFromOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019fd2c8-7159-767b-a036-e0c8631851e9" xlink:to="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-7159-7256-b8a5-080c841db54a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NonoperatingIncomeExpense_019fd2c8-7159-7400-a312-a11bdf1263dd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NonoperatingIncomeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_019fd2c8-7159-7d77-ad1a-ae09807c4e9d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UnrealizedGainLossOnDerivatives"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019fd2c8-7159-7400-a312-a11bdf1263dd" xlink:to="loc_us-gaap_UnrealizedGainLossOnDerivatives_019fd2c8-7159-7d77-ad1a-ae09807c4e9d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_019fd2c8-7159-7711-8f66-c000b5611438" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNonoperatingIncomeExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NonoperatingIncomeExpense_019fd2c8-7159-7400-a312-a11bdf1263dd" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_019fd2c8-7159-7711-8f66-c000b5611438" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_TransactionExpenses_019fd2c8-7159-7803-b87a-1796ded4c0cc" xlink:href="glxy-20260630.xsd#glxy_TransactionExpenses"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:to="loc_glxy_TransactionExpenses_019fd2c8-7159-7803-b87a-1796ded4c0cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetImpairmentCharges_019fd2c8-7159-7158-8bed-e3ebe4ba6fb1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetImpairmentCharges"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:to="loc_us-gaap_AssetImpairmentCharges_019fd2c8-7159-7158-8bed-e3ebe4ba6fb1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LaborAndRelatedExpense_019fd2c8-7159-747e-babc-18cb62af1f31" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LaborAndRelatedExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:to="loc_us-gaap_LaborAndRelatedExpense_019fd2c8-7159-747e-babc-18cb62af1f31" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_019fd2c8-7159-79d1-b5f2-73a826afc589" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_019fd2c8-7159-79d1-b5f2-73a826afc589" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019fd2c8-7159-707b-9680-6b10588b2488" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019fd2c8-7159-707b-9680-6b10588b2488" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommunicationsAndInformationTechnology_019fd2c8-7159-7dec-8db0-34754bcd2794" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommunicationsAndInformationTechnology"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:to="loc_us-gaap_CommunicationsAndInformationTechnology_019fd2c8-7159-7dec-8db0-34754bcd2794" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfessionalFees_019fd2c8-7159-7d8c-9534-bbc768ddc806" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfessionalFees"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:to="loc_us-gaap_ProfessionalFees_019fd2c8-7159-7d8c-9534-bbc768ddc806" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseDebt_019fd2c8-7159-707a-b29a-07a71bad9b62" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestExpenseDebt"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-7159-7e29-8d23-2ad0d54ccad5" xlink:to="loc_us-gaap_InterestExpenseDebt_019fd2c8-7159-707a-b29a-07a71bad9b62" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019fd2c8-7159-7950-8494-071569e74ea3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019fd2c8-7159-7bdd-99cb-8e4314e46ae9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019fd2c8-7159-7950-8494-071569e74ea3" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019fd2c8-7159-7bdd-99cb-8e4314e46ae9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_019fd2c8-7159-7bbc-9374-2981ac85b2c7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_019fd2c8-7159-7950-8494-071569e74ea3" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_019fd2c8-7159-7bbc-9374-2981ac85b2c7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_019fd2c8-7159-79c1-982f-a3f7824cbd21" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent_019fd2c8-7159-7b19-8cff-5490143ff396" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_019fd2c8-7159-79c1-982f-a3f7824cbd21" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent_019fd2c8-7159-7b19-8cff-5490143ff396" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_019fd2c8-7159-764a-a8e0-99377f677b06" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_019fd2c8-7159-7aa3-bfdf-1a49a02ccd7f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019fd2c8-7159-764a-a8e0-99377f677b06" xlink:to="loc_us-gaap_ProfitLoss_019fd2c8-7159-7aa3-bfdf-1a49a02ccd7f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_019fd2c8-7159-7668-b5b2-6f86a86b8af5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019fd2c8-7159-764a-a8e0-99377f677b06" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_019fd2c8-7159-7668-b5b2-6f86a86b8af5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_ComprehensiveIncomeLossNetOfTaxAttributableToClassACommonStockholders_019fd2c8-7159-761f-9299-9aa8f61dbda7" xlink:href="glxy-20260630.xsd#glxy_ComprehensiveIncomeLossNetOfTaxAttributableToClassACommonStockholders"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_019fd2c8-7159-72e9-8643-4178abb28791" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_ComprehensiveIncomeLossNetOfTaxAttributableToClassACommonStockholders_019fd2c8-7159-761f-9299-9aa8f61dbda7" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_019fd2c8-7159-72e9-8643-4178abb28791" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_ComprehensiveIncomeLossNetOfTaxAttributableToClassBUnitHolders_019fd2c8-7159-7324-ab99-c67c2b0f8d4c" xlink:href="glxy-20260630.xsd#glxy_ComprehensiveIncomeLossNetOfTaxAttributableToClassBUnitHolders"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_ComprehensiveIncomeLossNetOfTaxAttributableToClassACommonStockholders_019fd2c8-7159-761f-9299-9aa8f61dbda7" xlink:to="loc_glxy_ComprehensiveIncomeLossNetOfTaxAttributableToClassBUnitHolders_019fd2c8-7159-7324-ab99-c67c2b0f8d4c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableInterest_019fd2c8-7159-7687-b647-627dcfacaebc" xlink:href="glxy-20260630.xsd#glxy_ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableInterest"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_ComprehensiveIncomeLossNetOfTaxAttributableToClassACommonStockholders_019fd2c8-7159-761f-9299-9aa8f61dbda7" xlink:to="loc_glxy_ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableInterest_019fd2c8-7159-7687-b647-627dcfacaebc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-7159-71b9-be9a-04948bfc1d52" xlink:href="glxy-20260630.xsd#glxy_RevenuesAndGainsLossesFromOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_019fd2c8-7159-7cac-8529-93d2df3bdb64" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Revenues"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-7159-71b9-be9a-04948bfc1d52" xlink:to="loc_us-gaap_Revenues_019fd2c8-7159-7cac-8529-93d2df3bdb64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_GainsLossesFromOperations_019fd2c8-7159-71ef-9f19-e531470bca1a" xlink:href="glxy-20260630.xsd#glxy_GainsLossesFromOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-7159-71b9-be9a-04948bfc1d52" xlink:to="loc_glxy_GainsLossesFromOperations_019fd2c8-7159-71ef-9f19-e531470bca1a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_DataCenterLeasingRevenue_019fd2c8-7159-7bdd-857f-03c84838cf94" xlink:href="glxy-20260630.xsd#glxy_DataCenterLeasingRevenue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-7159-71b9-be9a-04948bfc1d52" xlink:to="loc_glxy_DataCenterLeasingRevenue_019fd2c8-7159-7bdd-857f-03c84838cf94" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/CondensedConsolidatedInterimStatementsofFinancialPosition" xlink:type="simple" xlink:href="glxy-20260630.xsd#CondensedConsolidatedInterimStatementsofFinancialPosition"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/CondensedConsolidatedInterimStatementsofFinancialPosition" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019fd2c8-7159-730c-8905-1aec7fa47236" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesNoncurrent_019fd2c8-7159-720d-8326-0e98101aea23" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesNoncurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019fd2c8-7159-730c-8905-1aec7fa47236" xlink:to="loc_us-gaap_LiabilitiesNoncurrent_019fd2c8-7159-720d-8326-0e98101aea23" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-77ce-9b5d-44f2fb3fbe72" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_019fd2c8-7159-730c-8905-1aec7fa47236" xlink:to="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-77ce-9b5d-44f2fb3fbe72" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_019fd2c8-7159-7fed-a16b-b011ced5a2c5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7dda-837c-8af996aa97a9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsNoncurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019fd2c8-7159-7fed-a16b-b011ced5a2c5" xlink:to="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7dda-837c-8af996aa97a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7036-8e96-eb22f44c3c07" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_019fd2c8-7159-7fed-a16b-b011ced5a2c5" xlink:to="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7036-8e96-eb22f44c3c07" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilitiesCurrent_019fd2c8-7159-7b42-92db-a01ac6973d10" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeLiabilitiesCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:to="loc_us-gaap_DerivativeLiabilitiesCurrent_019fd2c8-7159-7b42-92db-a01ac6973d10" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_019fd2c8-7159-7107-bcc0-85ee32a13e06" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_019fd2c8-7159-7107-bcc0-85ee32a13e06" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetPayableCurrent_019fd2c8-7159-75fb-9f29-bcba25457e89" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetPayableCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:to="loc_glxy_CryptoAssetPayableCurrent_019fd2c8-7159-75fb-9f29-bcba25457e89" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_PayableToCustomersCash_019fd2c8-7159-7685-910e-ef474d7052ee" xlink:href="glxy-20260630.xsd#glxy_PayableToCustomersCash"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:to="loc_glxy_PayableToCustomersCash_019fd2c8-7159-7685-910e-ef474d7052ee" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPayableCurrent_019fd2c8-7159-7c99-944f-0a50a1adff0f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LoansPayableCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:to="loc_us-gaap_LoansPayableCurrent_019fd2c8-7159-7c99-944f-0a50a1adff0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CollateralPayableCurrent_019fd2c8-7159-7e1e-b898-93eb17f2394f" xlink:href="glxy-20260630.xsd#glxy_CollateralPayableCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:to="loc_glxy_CollateralPayableCurrent_019fd2c8-7159-7e1e-b898-93eb17f2394f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesPayableCurrent_019fd2c8-7159-778e-9146-2d668f12246e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NotesPayableCurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:to="loc_us-gaap_NotesPayableCurrent_019fd2c8-7159-778e-9146-2d668f12246e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesCurrent_019fd2c8-7159-75ef-a94c-c7694ce0ce4b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesCurrent"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesCurrent_019fd2c8-7159-783a-b2fb-0c409441d33c" xlink:to="loc_us-gaap_OtherLiabilitiesCurrent_019fd2c8-7159-75ef-a94c-c7694ce0ce4b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsCurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019fd2c8-7159-71db-9502-fb262e30418c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_019fd2c8-7159-71db-9502-fb262e30418c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesAndLoansReceivableNetCurrent_019fd2c8-7159-7502-a62c-d1993c861e69" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NotesAndLoansReceivableNetCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_us-gaap_NotesAndLoansReceivableNetCurrent_019fd2c8-7159-7502-a62c-d1993c861e69" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019fd2c8-7159-763c-afe1-34fef0ea39a7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_us-gaap_PrepaidExpenseAndOtherAssetsCurrent_019fd2c8-7159-763c-afe1-34fef0ea39a7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetsCurrent_019fd2c8-7159-727f-9713-3cabe8b3c0eb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DerivativeAssetsCurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_us-gaap_DerivativeAssetsCurrent_019fd2c8-7159-727f-9713-3cabe8b3c0eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_019fd2c8-7159-72e5-a7e8-81b5dc302aa9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsReceivableNetCurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_us-gaap_AccountsReceivableNetCurrent_019fd2c8-7159-72e5-a7e8-81b5dc302aa9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetFinancialAssetCurrent_019fd2c8-7159-7d5f-a9d7-607e39af0495" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetFinancialAssetCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_glxy_CryptoAssetFinancialAssetCurrent_019fd2c8-7159-7d5f-a9d7-607e39af0495" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetReceivableRestrictedCurrent_019fd2c8-7159-702a-a175-db242c742754" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetReceivableRestrictedCurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_glxy_CryptoAssetReceivableRestrictedCurrent_019fd2c8-7159-702a-a175-db242c742754" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShortTermInvestments_019fd2c8-7159-765d-86b5-8c22ba7ea9db" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ShortTermInvestments"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_us-gaap_ShortTermInvestments_019fd2c8-7159-765d-86b5-8c22ba7ea9db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_AssetsPostedAsCollateralCurrent_019fd2c8-7159-7c4b-880a-428f8c86c5c0" xlink:href="glxy-20260630.xsd#glxy_AssetsPostedAsCollateralCurrent"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_glxy_AssetsPostedAsCollateralCurrent_019fd2c8-7159-7c4b-880a-428f8c86c5c0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossCurrent_019fd2c8-7159-7bb8-a486-fbf0de892435" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossCurrent"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossCurrent_019fd2c8-7159-7bb8-a486-fbf0de892435" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetIntangibleAssetsCurrent_019fd2c8-7159-7bed-90ee-008fe8834e9f" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetIntangibleAssetsCurrent"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsCurrent_019fd2c8-7159-7cad-9c84-4457635effe4" xlink:to="loc_glxy_CryptoAssetIntangibleAssetsCurrent_019fd2c8-7159-7bed-90ee-008fe8834e9f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019fd2c8-7159-75bc-9a8d-b1f7bfdea6e3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019fd2c8-7159-7b45-b8ed-5747a82b7fcc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019fd2c8-7159-75bc-9a8d-b1f7bfdea6e3" xlink:to="loc_us-gaap_Liabilities_019fd2c8-7159-7b45-b8ed-5747a82b7fcc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_019fd2c8-7159-7944-9dec-e62507ffd3f8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019fd2c8-7159-75bc-9a8d-b1f7bfdea6e3" xlink:to="loc_us-gaap_CommitmentsAndContingencies_019fd2c8-7159-7944-9dec-e62507ffd3f8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019fd2c8-7159-77e5-adb5-e80ad54f01a0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019fd2c8-7159-75bc-9a8d-b1f7bfdea6e3" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019fd2c8-7159-77e5-adb5-e80ad54f01a0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsNoncurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_019fd2c8-7159-725c-8c95-2f38670fefdf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:to="loc_us-gaap_Goodwill_019fd2c8-7159-725c-8c95-2f38670fefdf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermInvestments_019fd2c8-7159-7410-9074-1bd68a809a0b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermInvestments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:to="loc_us-gaap_LongTermInvestments_019fd2c8-7159-7410-9074-1bd68a809a0b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019fd2c8-7159-7713-a705-fce4dd1490e0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_019fd2c8-7159-7713-a705-fce4dd1490e0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetLoanReceivableRestrictedNoncurrent_019fd2c8-7159-79b3-8f89-2c7a6d4012d4" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetLoanReceivableRestrictedNoncurrent"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:to="loc_glxy_CryptoAssetLoanReceivableRestrictedNoncurrent_019fd2c8-7159-79b3-8f89-2c7a6d4012d4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetsNoncurrent_019fd2c8-7159-788a-88fd-408e0bbf4986" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAssetsNoncurrent"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:to="loc_us-gaap_OtherAssetsNoncurrent_019fd2c8-7159-788a-88fd-408e0bbf4986" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetReceivableRestrictedNoncurrent_019fd2c8-7159-731e-a6ee-59e87431ca37" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetReceivableRestrictedNoncurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:to="loc_glxy_CryptoAssetReceivableRestrictedNoncurrent_019fd2c8-7159-731e-a6ee-59e87431ca37" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetIntangibleAssetNoncurrent_019fd2c8-7159-71e8-8ae9-af443feb34ab" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetIntangibleAssetNoncurrent"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:to="loc_glxy_CryptoAssetIntangibleAssetNoncurrent_019fd2c8-7159-71e8-8ae9-af443feb34ab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent_019fd2c8-7159-7421-ae19-d97445b5ba0c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_AssetsNoncurrent_019fd2c8-7159-7fbe-b7ec-107e1990a9bc" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent_019fd2c8-7159-7421-ae19-d97445b5ba0c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019fd2c8-7159-7fb3-8f2e-e0816e8d5f1b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_019fd2c8-7159-75d2-afbd-59cb7220004c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019fd2c8-7159-7fb3-8f2e-e0816e8d5f1b" xlink:to="loc_us-gaap_CommonStockValue_019fd2c8-7159-75d2-afbd-59cb7220004c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdditionalPaidInCapital_019fd2c8-7159-70fa-a2cb-dc703775c3ac" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AdditionalPaidInCapital"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019fd2c8-7159-7fb3-8f2e-e0816e8d5f1b" xlink:to="loc_us-gaap_AdditionalPaidInCapital_019fd2c8-7159-70fa-a2cb-dc703775c3ac" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019fd2c8-7159-7362-bce2-115fccb788ae" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019fd2c8-7159-7fb3-8f2e-e0816e8d5f1b" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_019fd2c8-7159-7362-bce2-115fccb788ae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_019fd2c8-7159-7021-b9c6-a011665518e6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_019fd2c8-7159-7fb3-8f2e-e0816e8d5f1b" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_019fd2c8-7159-7021-b9c6-a011665518e6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019fd2c8-7159-7319-86dc-e335dbd1250a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_019fd2c8-7159-7e43-b991-fa533caac3ce" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_StockholdersEquity"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019fd2c8-7159-7319-86dc-e335dbd1250a" xlink:to="loc_us-gaap_StockholdersEquity_019fd2c8-7159-7e43-b991-fa533caac3ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterest_019fd2c8-7159-7667-b699-003564ac6716" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_MinorityInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_019fd2c8-7159-7319-86dc-e335dbd1250a" xlink:to="loc_us-gaap_MinorityInterest_019fd2c8-7159-7667-b699-003564ac6716" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesNoncurrent_019fd2c8-7159-7a05-8e91-203cc5008498" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesNoncurrent"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherLiabilitiesNoncurrent_019fd2c8-7159-7b59-ad3a-a06c86ee003d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherLiabilitiesNoncurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesNoncurrent_019fd2c8-7159-7a05-8e91-203cc5008498" xlink:to="loc_us-gaap_OtherLiabilitiesNoncurrent_019fd2c8-7159-7b59-ad3a-a06c86ee003d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetPayableNoncurrent_019fd2c8-7159-7fab-a894-d82490df9da2" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetPayableNoncurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesNoncurrent_019fd2c8-7159-7a05-8e91-203cc5008498" xlink:to="loc_glxy_CryptoAssetPayableNoncurrent_019fd2c8-7159-7fab-a894-d82490df9da2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermNotesPayable_019fd2c8-7159-7128-b769-18a331b7bf1d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermNotesPayable"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesNoncurrent_019fd2c8-7159-7a05-8e91-203cc5008498" xlink:to="loc_us-gaap_LongTermNotesPayable_019fd2c8-7159-7128-b769-18a331b7bf1d" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/CondensedConsolidatedInterimStatementsofCashFlows" xlink:type="simple" xlink:href="glxy-20260630.xsd#CondensedConsolidatedInterimStatementsofCashFlows"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/CondensedConsolidatedInterimStatementsofCashFlows" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019fd2c8-7159-7fab-92f8-40e8a28d016a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-78d9-a936-925b99b2d317" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019fd2c8-7159-7fab-92f8-40e8a28d016a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-78d9-a936-925b99b2d317" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-7bce-822c-4e5999c554bd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019fd2c8-7159-7fab-92f8-40e8a28d016a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-7bce-822c-4e5999c554bd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7d3b-9ed9-15f8a757b767" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_019fd2c8-7159-7fab-92f8-40e8a28d016a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7d3b-9ed9-15f8a757b767" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019fd2c8-7159-7330-8658-1564f1830d31" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_NetIncomeLoss_019fd2c8-7159-7330-8658-1564f1830d31" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_GainsOnSaleOfCryptoAssets_019fd2c8-7159-7f93-8f85-91997dd3a382" xlink:href="glxy-20260630.xsd#glxy_GainsOnSaleOfCryptoAssets"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_GainsOnSaleOfCryptoAssets_019fd2c8-7159-7f93-8f85-91997dd3a382" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_LossOnSaleOfCryptoAssets_019fd2c8-7159-7da8-b80e-10eddc0db6d5" xlink:href="glxy-20260630.xsd#glxy_LossOnSaleOfCryptoAssets"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_LossOnSaleOfCryptoAssets_019fd2c8-7159-7da8-b80e-10eddc0db6d5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetImpairmentCharges_019fd2c8-7159-755e-b50a-772dd229bb8b" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetImpairmentCharges"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_CryptoAssetImpairmentCharges_019fd2c8-7159-755e-b50a-772dd229bb8b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019fd2c8-7159-7386-aefe-12c5a66daa2e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019fd2c8-7159-7386-aefe-12c5a66daa2e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssetImpairmentCharges_019fd2c8-7159-771b-b551-c3c21026c424" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherAssetImpairmentCharges"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_OtherAssetImpairmentCharges_019fd2c8-7159-771b-b551-c3c21026c424" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_019fd2c8-7159-7a5d-930a-f02a64086f9a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ShareBasedCompensation"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_ShareBasedCompensation_019fd2c8-7159-7a5d-930a-f02a64086f9a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_BorrowingsNoncashExpense_019fd2c8-7159-72cb-b358-0f0e694c79f1" xlink:href="glxy-20260630.xsd#glxy_BorrowingsNoncashExpense"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_BorrowingsNoncashExpense_019fd2c8-7159-72cb-b358-0f0e694c79f1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_LendingAndNetStakingNoncashIncome_019fd2c8-7159-751e-bd8a-31d2ce616219" xlink:href="glxy-20260630.xsd#glxy_LendingAndNetStakingNoncashIncome"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_LendingAndNetStakingNoncashIncome_019fd2c8-7159-751e-bd8a-31d2ce616219" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_NetGainsLossesFromOperations_019fd2c8-7159-75c6-add4-83238ea08b8f" xlink:href="glxy-20260630.xsd#glxy_NetGainsLossesFromOperations"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_NetGainsLossesFromOperations_019fd2c8-7159-75c6-add4-83238ea08b8f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_019fd2c8-7159-7a62-ba41-6fca8ed75461" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_UnrealizedGainLossOnDerivatives"/>
    <link:calculationArc order="11" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_UnrealizedGainLossOnDerivatives_019fd2c8-7159-7a62-ba41-6fca8ed75461" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_InterestExpenseNoncash_019fd2c8-7159-73bb-b9ab-5e0dda4fbc8f" xlink:href="glxy-20260630.xsd#glxy_InterestExpenseNoncash"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_InterestExpenseNoncash_019fd2c8-7159-73bb-b9ab-5e0dda4fbc8f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_019fd2c8-7159-7998-b72b-f0e05172bbda" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_019fd2c8-7159-7998-b72b-f0e05172bbda" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_019fd2c8-7159-724a-acea-51a8e610446f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherNoncashIncomeExpense"/>
    <link:calculationArc order="14" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_019fd2c8-7159-724a-acea-51a8e610446f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_IncreaseDecreaseInCryptoAssets_019fd2c8-7159-72ed-ae9e-ad39b9f46fa6" xlink:href="glxy-20260630.xsd#glxy_IncreaseDecreaseInCryptoAssets"/>
    <link:calculationArc order="15" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_IncreaseDecreaseInCryptoAssets_019fd2c8-7159-72ed-ae9e-ad39b9f46fa6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_IncreaseDecreaseInCryptoAssetsReceivablesRestricted_019fd2c8-7159-7389-a35a-1e17794c7a12" xlink:href="glxy-20260630.xsd#glxy_IncreaseDecreaseInCryptoAssetsReceivablesRestricted"/>
    <link:calculationArc order="16" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_IncreaseDecreaseInCryptoAssetsReceivablesRestricted_019fd2c8-7159-7389-a35a-1e17794c7a12" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities_019fd2c8-7159-7f8a-8f1c-266465a1b2a3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities"/>
    <link:calculationArc order="17" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities_019fd2c8-7159-7f8a-8f1c-266465a1b2a3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019fd2c8-7159-7862-9d52-93f965099955" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable"/>
    <link:calculationArc order="18" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_019fd2c8-7159-7862-9d52-93f965099955" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019fd2c8-7159-770f-bd23-06375a4b1f64" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets"/>
    <link:calculationArc order="19" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_019fd2c8-7159-770f-bd23-06375a4b1f64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_IncreaseDecreaseInCollateralReceivablePayable_019fd2c8-7159-7c9f-b2fc-15aa07c2ff50" xlink:href="glxy-20260630.xsd#glxy_IncreaseDecreaseInCollateralReceivablePayable"/>
    <link:calculationArc order="20" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_IncreaseDecreaseInCollateralReceivablePayable_019fd2c8-7159-7c9f-b2fc-15aa07c2ff50" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_019fd2c8-7159-7b46-8fa5-99c690153ff9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:calculationArc order="21" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_019fd2c8-7159-7b46-8fa5-99c690153ff9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_019fd2c8-7159-70dc-be6a-3de66a6b65b6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInOtherCurrentLiabilities"/>
    <link:calculationArc order="22" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_019fd2c8-7159-70dc-be6a-3de66a6b65b6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities_019fd2c8-7159-7081-b2ab-824b1092ebec" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities"/>
    <link:calculationArc order="23" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities_019fd2c8-7159-7081-b2ab-824b1092ebec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_IncreaseDecreaseInShortTermInvestments_019fd2c8-7159-76bc-857c-6276c4136f9c" xlink:href="glxy-20260630.xsd#glxy_IncreaseDecreaseInShortTermInvestments"/>
    <link:calculationArc order="24" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_glxy_IncreaseDecreaseInShortTermInvestments_019fd2c8-7159-76bc-857c-6276c4136f9c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherNoncurrentAssets_019fd2c8-7159-75d3-bbab-df08b95160ae" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncreaseDecreaseInOtherNoncurrentAssets"/>
    <link:calculationArc order="25" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_019fd2c8-7159-7afb-bdca-bccbdfe70cae" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherNoncurrentAssets_019fd2c8-7159-75d3-bbab-df08b95160ae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-7b50-8035-17d83f7fa83d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables_019fd2c8-7159-7c24-99c7-42d665099589" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromCollectionOfFinanceReceivables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-7b50-8035-17d83f7fa83d" xlink:to="loc_us-gaap_ProceedsFromCollectionOfFinanceReceivables_019fd2c8-7159-7c24-99c7-42d665099589" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireFinanceReceivables_019fd2c8-7159-76ad-b9bf-02a8e17ee68d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToAcquireFinanceReceivables"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-7b50-8035-17d83f7fa83d" xlink:to="loc_us-gaap_PaymentsToAcquireFinanceReceivables_019fd2c8-7159-76ad-b9bf-02a8e17ee68d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_019fd2c8-7159-7368-a0ca-0a273edf8779" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToAcquireProductiveAssets"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-7b50-8035-17d83f7fa83d" xlink:to="loc_us-gaap_PaymentsToAcquireProductiveAssets_019fd2c8-7159-7368-a0ca-0a273edf8779" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_019fd2c8-7159-7519-a943-e3666c1c88b7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToAcquireBusinessesGross"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-7b50-8035-17d83f7fa83d" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesGross_019fd2c8-7159-7519-a943-e3666c1c88b7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_019fd2c8-7159-777e-994d-8df1f2d074f9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-7b50-8035-17d83f7fa83d" xlink:to="loc_us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment_019fd2c8-7159-777e-994d-8df1f2d074f9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireEquitySecuritiesFvNi_019fd2c8-7159-7af2-9d9f-e7043c798916" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PaymentsToAcquireEquitySecuritiesFvNi"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-7b50-8035-17d83f7fa83d" xlink:to="loc_us-gaap_PaymentsToAcquireEquitySecuritiesFvNi_019fd2c8-7159-7af2-9d9f-e7043c798916" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityMethodInvestmentDividendsOrDistributions_019fd2c8-7159-75d0-aab3-258d8c99e84b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_019fd2c8-7159-7b50-8035-17d83f7fa83d" xlink:to="loc_us-gaap_EquityMethodInvestmentDividendsOrDistributions_019fd2c8-7159-75d0-aab3-258d8c99e84b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_ProceedsFromPaymentsForCustomerPayables_019fd2c8-7159-7f48-952a-ac5f4c7e8676" xlink:href="glxy-20260630.xsd#glxy_ProceedsFromPaymentsForCustomerPayables"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:to="loc_glxy_ProceedsFromPaymentsForCustomerPayables_019fd2c8-7159-7f48-952a-ac5f4c7e8676" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromNotesPayable_019fd2c8-7159-7f6b-92dc-eb1479c91c0f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromNotesPayable"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:to="loc_us-gaap_ProceedsFromNotesPayable_019fd2c8-7159-7f6b-92dc-eb1479c91c0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable_019fd2c8-7159-7886-85fe-b0c36d9e0bf6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RepaymentsOfNotesPayable"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:to="loc_us-gaap_RepaymentsOfNotesPayable_019fd2c8-7159-7886-85fe-b0c36d9e0bf6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_ProceedsFromPaymentsForMarginLoansPayable_019fd2c8-7159-75f7-9737-8fbf8769fb6e" xlink:href="glxy-20260630.xsd#glxy_ProceedsFromPaymentsForMarginLoansPayable"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:to="loc_glxy_ProceedsFromPaymentsForMarginLoansPayable_019fd2c8-7159-75f7-9737-8fbf8769fb6e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromRepaymentsOfNotesPayable_019fd2c8-7159-707e-8985-7ce26781161d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromRepaymentsOfNotesPayable"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:to="loc_us-gaap_ProceedsFromRepaymentsOfNotesPayable_019fd2c8-7159-707e-8985-7ce26781161d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOrSaleOfEquity_019fd2c8-7159-7530-a081-11f4b10dee5c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromIssuanceOrSaleOfEquity"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:to="loc_us-gaap_ProceedsFromIssuanceOrSaleOfEquity_019fd2c8-7159-7530-a081-11f4b10dee5c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_PaymentsForDistributionsToLimitedPartners_019fd2c8-7159-7e29-868e-37e56d4ec877" xlink:href="glxy-20260630.xsd#glxy_PaymentsForDistributionsToLimitedPartners"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:to="loc_glxy_PaymentsForDistributionsToLimitedPartners_019fd2c8-7159-7e29-868e-37e56d4ec877" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_PaymentsForCancellationOfPartnerUnits_019fd2c8-7159-7cbf-aa00-cef927562f25" xlink:href="glxy-20260630.xsd#glxy_PaymentsForCancellationOfPartnerUnits"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_019fd2c8-7159-729e-a6fc-c6f3df5665a0" xlink:to="loc_glxy_PaymentsForCancellationOfPartnerUnits_019fd2c8-7159-7cbf-aa00-cef927562f25" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/BUSINESSCOMBINATIONSScheduleofAssetsandLiabilitiesRecognizedinRelationtoAcquisitionDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#BUSINESSCOMBINATIONSScheduleofAssetsandLiabilitiesRecognizedinRelationtoAcquisitionDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/BUSINESSCOMBINATIONSScheduleofAssetsandLiabilitiesRecognizedinRelationtoAcquisitionDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_glxy_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAcquiredIncludingGoodwill_019fd2c8-7159-76cd-bc2c-818d53f7b1cf" xlink:href="glxy-20260630.xsd#glxy_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAcquiredIncludingGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_019fd2c8-7159-7512-82f1-ead098e9260f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAcquiredIncludingGoodwill_019fd2c8-7159-76cd-bc2c-818d53f7b1cf" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents_019fd2c8-7159-7512-82f1-ead098e9260f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_BusinessCombinationRecognizedAssetAcquiredOtherAssets_019fd2c8-7159-7036-8210-ed932d74f318" xlink:href="glxy-20260630.xsd#glxy_BusinessCombinationRecognizedAssetAcquiredOtherAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAcquiredIncludingGoodwill_019fd2c8-7159-76cd-bc2c-818d53f7b1cf" xlink:to="loc_glxy_BusinessCombinationRecognizedAssetAcquiredOtherAssets_019fd2c8-7159-7036-8210-ed932d74f318" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_019fd2c8-7159-7998-9d51-de605595d041" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAcquiredIncludingGoodwill_019fd2c8-7159-76cd-bc2c-818d53f7b1cf" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_019fd2c8-7159-7998-9d51-de605595d041" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Goodwill_019fd2c8-7159-7811-ba33-0462585a9385" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Goodwill"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAcquiredIncludingGoodwill_019fd2c8-7159-76cd-bc2c-818d53f7b1cf" xlink:to="loc_us-gaap_Goodwill_019fd2c8-7159-7811-ba33-0462585a9385" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/DIGITALASSETSScheduleofAdditionalDetailRelatedtotheDigitalAssetsDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#DIGITALASSETSScheduleofAdditionalDetailRelatedtotheDigitalAssetsDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/DIGITALASSETSScheduleofAdditionalDetailRelatedtotheDigitalAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetFinancialAsset_019fd2c8-7159-7e6a-a418-07f8d5d6ef1a" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetFinancialAsset"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetFinancialAssetCurrent_019fd2c8-7159-7bbb-9f0a-4e725f741e09" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetFinancialAssetCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_CryptoAssetFinancialAsset_019fd2c8-7159-7e6a-a418-07f8d5d6ef1a" xlink:to="loc_glxy_CryptoAssetFinancialAssetCurrent_019fd2c8-7159-7bbb-9f0a-4e725f741e09" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetFairValueAndCost_019fd2c8-7159-7727-9128-36d9945ebbb8" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetFairValueAndCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetIntangibleAssetsCurrent_019fd2c8-7159-737a-ae07-c83c5586105f" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetIntangibleAssetsCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_CryptoAssetFairValueAndCost_019fd2c8-7159-7727-9128-36d9945ebbb8" xlink:to="loc_glxy_CryptoAssetIntangibleAssetsCurrent_019fd2c8-7159-737a-ae07-c83c5586105f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetFinancialAssetCurrent_019fd2c8-7159-7a7e-87a9-509bf19096cb" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetFinancialAssetCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_CryptoAssetFairValueAndCost_019fd2c8-7159-7727-9128-36d9945ebbb8" xlink:to="loc_glxy_CryptoAssetFinancialAssetCurrent_019fd2c8-7159-7a7e-87a9-509bf19096cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetIntangibleAssetNoncurrent_019fd2c8-7159-73b1-8ece-d6a2a9730522" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetIntangibleAssetNoncurrent"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_CryptoAssetFairValueAndCost_019fd2c8-7159-7727-9128-36d9945ebbb8" xlink:to="loc_glxy_CryptoAssetIntangibleAssetNoncurrent_019fd2c8-7159-73b1-8ece-d6a2a9730522" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetIntangibleAssets_019fd2c8-7159-7ff8-9542-e94a165349f1" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetIntangibleAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetIntangibleAssetNoncurrent_019fd2c8-7159-7545-8db6-f983aa1608c2" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetIntangibleAssetNoncurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_CryptoAssetIntangibleAssets_019fd2c8-7159-7ff8-9542-e94a165349f1" xlink:to="loc_glxy_CryptoAssetIntangibleAssetNoncurrent_019fd2c8-7159-7545-8db6-f983aa1608c2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetIntangibleAssetsCurrent_019fd2c8-7159-75f5-8edc-f6921238cfe4" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetIntangibleAssetsCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_CryptoAssetIntangibleAssets_019fd2c8-7159-7ff8-9542-e94a165349f1" xlink:to="loc_glxy_CryptoAssetIntangibleAssetsCurrent_019fd2c8-7159-75f5-8edc-f6921238cfe4" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofDigitalAssetsLoanReceivableNetofAllowanceDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofDigitalAssetsLoanReceivableNetofAllowanceDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofDigitalAssetsLoanReceivableNetofAllowanceDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNet_019fd2c8-7159-7497-ab44-383b2036fff9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NotesReceivableNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableGross_019fd2c8-7159-78a2-894e-f6ef8af8a57d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NotesReceivableGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NotesReceivableNet_019fd2c8-7159-7497-ab44-383b2036fff9" xlink:to="loc_us-gaap_NotesReceivableGross_019fd2c8-7159-78a2-894e-f6ef8af8a57d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermAccountsNotesAndLoansReceivableNetNoncurrent_019fd2c8-7159-7967-80ba-d3fc041e08d1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermAccountsNotesAndLoansReceivableNetNoncurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NotesReceivableNet_019fd2c8-7159-7497-ab44-383b2036fff9" xlink:to="loc_us-gaap_LongTermAccountsNotesAndLoansReceivableNetNoncurrent_019fd2c8-7159-7967-80ba-d3fc041e08d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLosses_019fd2c8-7159-76d6-aa9c-41bf6d6a0bd2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableAllowanceForCreditLosses"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NotesReceivableNet_019fd2c8-7159-7497-ab44-383b2036fff9" xlink:to="loc_us-gaap_FinancingReceivableAllowanceForCreditLosses_019fd2c8-7159-76d6-aa9c-41bf6d6a0bd2" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofDigitalAssetsBorrowedDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofDigitalAssetsBorrowedDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofDigitalAssetsBorrowedDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetPayable_019fd2c8-7159-7f75-8d99-45c33c00986c" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetPayable"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetPayableCurrent_019fd2c8-7159-784f-bd04-7d99f725d051" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetPayableCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_CryptoAssetPayable_019fd2c8-7159-7f75-8d99-45c33c00986c" xlink:to="loc_glxy_CryptoAssetPayableCurrent_019fd2c8-7159-784f-bd04-7d99f725d051" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetPayableNoncurrent_019fd2c8-7159-7f83-aca0-2b6727ba2cf6" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetPayableNoncurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_CryptoAssetPayable_019fd2c8-7159-7f75-8d99-45c33c00986c" xlink:to="loc_glxy_CryptoAssetPayableNoncurrent_019fd2c8-7159-7f83-aca0-2b6727ba2cf6" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofAssetsPostedasCollateralAssociatedwithDigitalAssetsBorrowedDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofAssetsPostedasCollateralAssociatedwithDigitalAssetsBorrowedDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDScheduleofAssetsPostedasCollateralAssociatedwithDigitalAssetsBorrowedDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableAfterAllowanceForCreditLossDigitalAssetsPostedAsCollateral_019fd2c8-7159-7f8c-8209-c0f72acedd54" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableAfterAllowanceForCreditLossDigitalAssetsPostedAsCollateral"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableBeforeAllowanceForCreditLossDigitalAssetsPostedAsCollateral_019fd2c8-7159-73e2-8f9b-3dfe229129c2" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableBeforeAllowanceForCreditLossDigitalAssetsPostedAsCollateral"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_FinancingReceivableAfterAllowanceForCreditLossDigitalAssetsPostedAsCollateral_019fd2c8-7159-7f8c-8209-c0f72acedd54" xlink:to="loc_glxy_FinancingReceivableBeforeAllowanceForCreditLossDigitalAssetsPostedAsCollateral_019fd2c8-7159-73e2-8f9b-3dfe229129c2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableAllowanceForCreditLossDigitalAssetsPostedAsCollateral_019fd2c8-7159-73c8-baf4-5650cb65020d" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableAllowanceForCreditLossDigitalAssetsPostedAsCollateral"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_FinancingReceivableAfterAllowanceForCreditLossDigitalAssetsPostedAsCollateral_019fd2c8-7159-7f8c-8209-c0f72acedd54" xlink:to="loc_glxy_FinancingReceivableAllowanceForCreditLossDigitalAssetsPostedAsCollateral_019fd2c8-7159-73c8-baf4-5650cb65020d" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/VARIABLEINTERESTENTITIESDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#VARIABLEINTERESTENTITIESDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/VARIABLEINTERESTENTITIESDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_019fd2c8-7224-7cbd-ad5a-dbfa35854aee" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_VariableInterestEntityFairValueOfInvestment_019fd2c8-7224-7a8b-89c6-b4bd42527b51" xlink:href="glxy-20260630.xsd#glxy_VariableInterestEntityFairValueOfInvestment"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_019fd2c8-7224-7cbd-ad5a-dbfa35854aee" xlink:to="loc_glxy_VariableInterestEntityFairValueOfInvestment_019fd2c8-7224-7a8b-89c6-b4bd42527b51" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_VariableInterestEntityUnfundedCommitments_019fd2c8-7224-7816-88b9-51c873e10336" xlink:href="glxy-20260630.xsd#glxy_VariableInterestEntityUnfundedCommitments"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_019fd2c8-7224-7cbd-ad5a-dbfa35854aee" xlink:to="loc_glxy_VariableInterestEntityUnfundedCommitments_019fd2c8-7224-7816-88b9-51c873e10336" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/FAIRVALUEMEASUREMENTSScheduleofFinancialInstrumentsnotMeasuredatFairValueDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#FAIRVALUEMEASUREMENTSScheduleofFinancialInstrumentsnotMeasuredatFairValueDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/FAIRVALUEMEASUREMENTSScheduleofFinancialInstrumentsnotMeasuredatFairValueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_glxy_AssetsFairValueDisclosureExcludingNonFinancialAssets_019fd2c8-7225-7d7c-a088-f1a6665f60db" xlink:href="glxy-20260630.xsd#glxy_AssetsFairValueDisclosureExcludingNonFinancialAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_019fd2c8-7225-77e6-8fb2-fe4b66f847fe" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_AssetsFairValueDisclosureExcludingNonFinancialAssets_019fd2c8-7225-7d7c-a088-f1a6665f60db" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_019fd2c8-7225-77e6-8fb2-fe4b66f847fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_AssetsPostedAsCollateralCash_019fd2c8-7225-7ece-8063-406d185b0883" xlink:href="glxy-20260630.xsd#glxy_AssetsPostedAsCollateralCash"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_AssetsFairValueDisclosureExcludingNonFinancialAssets_019fd2c8-7225-7d7c-a088-f1a6665f60db" xlink:to="loc_glxy_AssetsPostedAsCollateralCash_019fd2c8-7225-7ece-8063-406d185b0883" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsReceivableFairValueDisclosure_019fd2c8-7225-7173-8dc9-df0ecedb9561" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsReceivableFairValueDisclosure"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_AssetsFairValueDisclosureExcludingNonFinancialAssets_019fd2c8-7225-7d7c-a088-f1a6665f60db" xlink:to="loc_us-gaap_AccountsReceivableFairValueDisclosure_019fd2c8-7225-7173-8dc9-df0ecedb9561" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansReceivableFairValueDisclosure_019fd2c8-7225-739d-b537-b29baa300069" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LoansReceivableFairValueDisclosure"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_AssetsFairValueDisclosureExcludingNonFinancialAssets_019fd2c8-7225-7d7c-a088-f1a6665f60db" xlink:to="loc_us-gaap_LoansReceivableFairValueDisclosure_019fd2c8-7225-739d-b537-b29baa300069" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_LiabilitiesFairValueDisclosureExcludingNonFinancialLiabilities_019fd2c8-7225-7beb-bfb0-7de8d63b4ed6" xlink:href="glxy-20260630.xsd#glxy_LiabilitiesFairValueDisclosureExcludingNonFinancialLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_019fd2c8-7225-778f-9d34-d38692f8c042" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_LiabilitiesFairValueDisclosureExcludingNonFinancialLiabilities_019fd2c8-7225-7beb-bfb0-7de8d63b4ed6" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_019fd2c8-7225-778f-9d34-d38692f8c042" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesPayableFairValueDisclosure_019fd2c8-7225-75fb-8c89-3313fc4b308e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NotesPayableFairValueDisclosure"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_LiabilitiesFairValueDisclosureExcludingNonFinancialLiabilities_019fd2c8-7225-7beb-bfb0-7de8d63b4ed6" xlink:to="loc_us-gaap_NotesPayableFairValueDisclosure_019fd2c8-7225-75fb-8c89-3313fc4b308e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CollateralPayableCash_019fd2c8-7225-7b78-a981-a106c648dac2" xlink:href="glxy-20260630.xsd#glxy_CollateralPayableCash"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_LiabilitiesFairValueDisclosureExcludingNonFinancialLiabilities_019fd2c8-7225-7beb-bfb0-7de8d63b4ed6" xlink:to="loc_glxy_CollateralPayableCash_019fd2c8-7225-7b78-a981-a106c648dac2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_PayableToCustomersCash_019fd2c8-7225-74bb-a688-1a0bae1263b1" xlink:href="glxy-20260630.xsd#glxy_PayableToCustomersCash"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_LiabilitiesFairValueDisclosureExcludingNonFinancialLiabilities_019fd2c8-7225-7beb-bfb0-7de8d63b4ed6" xlink:to="loc_glxy_PayableToCustomersCash_019fd2c8-7225-74bb-a688-1a0bae1263b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LoansPayableFairValueDisclosure_019fd2c8-7225-7e46-aac2-8954db78aed2" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LoansPayableFairValueDisclosure"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_LiabilitiesFairValueDisclosureExcludingNonFinancialLiabilities_019fd2c8-7225-7beb-bfb0-7de8d63b4ed6" xlink:to="loc_us-gaap_LoansPayableFairValueDisclosure_019fd2c8-7225-7e46-aac2-8954db78aed2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SettlementLiabilitiesCurrent_019fd2c8-7225-7a84-b7a3-856ee4f1187a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SettlementLiabilitiesCurrent"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_LiabilitiesFairValueDisclosureExcludingNonFinancialLiabilities_019fd2c8-7225-7beb-bfb0-7de8d63b4ed6" xlink:to="loc_us-gaap_SettlementLiabilitiesCurrent_019fd2c8-7225-7a84-b7a3-856ee4f1187a" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/LOANSRECEIVABLEScheduleofLoansReceivableCurrentAndNonCurrentDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#LOANSRECEIVABLEScheduleofLoansReceivableCurrentAndNonCurrentDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/LOANSRECEIVABLEScheduleofLoansReceivableCurrentAndNonCurrentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss_019fd2c8-7225-7aff-a616-d1020a67a2e1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossNoncurrent_019fd2c8-7225-7596-8953-096f31a152f8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossNoncurrent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss_019fd2c8-7225-7aff-a616-d1020a67a2e1" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossNoncurrent_019fd2c8-7225-7596-8953-096f31a152f8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossCurrent_019fd2c8-7225-7705-a7be-558873af637c" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossCurrent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss_019fd2c8-7225-7aff-a616-d1020a67a2e1" xlink:to="loc_us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossCurrent_019fd2c8-7225-7705-a7be-558873af637c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_019fd2c8-7225-76e0-bce3-7e2c69454b83" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss_019fd2c8-7225-7aff-a616-d1020a67a2e1" xlink:to="loc_us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest_019fd2c8-7225-76e0-bce3-7e2c69454b83" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/LOANSRECEIVABLEScheduleofOutstandingLoansReceivabletobeRepaidDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#LOANSRECEIVABLEScheduleofOutstandingLoansReceivabletobeRepaidDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/LOANSRECEIVABLEScheduleofOutstandingLoansReceivabletobeRepaidDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_019fd2c8-7225-789e-8a50-c004371643cd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedRemainderOfFiscalYear_019fd2c8-7225-7ae7-8fb0-74a94429754c" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_019fd2c8-7225-789e-8a50-c004371643cd" xlink:to="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedRemainderOfFiscalYear_019fd2c8-7225-7ae7-8fb0-74a94429754c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearOne_019fd2c8-7225-7c27-a116-c4fe5269676a" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearOne"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_019fd2c8-7225-789e-8a50-c004371643cd" xlink:to="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearOne_019fd2c8-7225-7c27-a116-c4fe5269676a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearTwo_019fd2c8-7225-7e6c-929b-968f64834b27" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_019fd2c8-7225-789e-8a50-c004371643cd" xlink:to="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearTwo_019fd2c8-7225-7e6c-929b-968f64834b27" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearThree_019fd2c8-7225-757a-86db-3be4cb263dcf" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_019fd2c8-7225-789e-8a50-c004371643cd" xlink:to="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearThree_019fd2c8-7225-757a-86db-3be4cb263dcf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearFour_019fd2c8-7225-7daa-ba84-3b5c3746b9bb" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_019fd2c8-7225-789e-8a50-c004371643cd" xlink:to="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearFour_019fd2c8-7225-7daa-ba84-3b5c3746b9bb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearFive_019fd2c8-7225-7f5b-9e23-b2709dc2ebb5" xlink:href="glxy-20260630.xsd#glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearFive"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_019fd2c8-7225-789e-8a50-c004371643cd" xlink:to="loc_glxy_FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossToBeReceivedYearFive_019fd2c8-7225-7f5b-9e23-b2709dc2ebb5" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/PROPERTYANDEQUIPMENTScheduleofPropertyandEquipmentDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#PROPERTYANDEQUIPMENTScheduleofPropertyandEquipmentDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/PROPERTYANDEQUIPMENTScheduleofPropertyandEquipmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_019fd2c8-7225-7e04-be44-280a557ebca8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_019fd2c8-7225-759c-9ebc-321d6d584fb7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PropertyPlantAndEquipmentGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019fd2c8-7225-7e04-be44-280a557ebca8" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentGross_019fd2c8-7225-759c-9ebc-321d6d584fb7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfLoss_019fd2c8-7225-7f17-b560-68ca376313d0" xlink:href="glxy-20260630.xsd#glxy_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfLoss"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019fd2c8-7225-7e04-be44-280a557ebca8" xlink:to="loc_glxy_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfLoss_019fd2c8-7225-7f17-b560-68ca376313d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_019fd2c8-7225-7e0b-8cb2-4574cf1ee121" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentNet_019fd2c8-7225-7e04-be44-280a557ebca8" xlink:to="loc_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_019fd2c8-7225-7e0b-8cb2-4574cf1ee121" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019fd2c8-7225-7914-88c8-ff8505c7ae65" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceived"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_019fd2c8-7225-7376-8079-e1f09e980f21" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019fd2c8-7225-7914-88c8-ff8505c7ae65" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_019fd2c8-7225-7376-8079-e1f09e980f21" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_019fd2c8-7225-7a25-8b8b-c82e3b641e62" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019fd2c8-7225-7914-88c8-ff8505c7ae65" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_019fd2c8-7225-7a25-8b8b-c82e3b641e62" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_019fd2c8-7225-7842-9f4d-db0e84171465" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019fd2c8-7225-7914-88c8-ff8505c7ae65" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_019fd2c8-7225-7842-9f4d-db0e84171465" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_019fd2c8-7225-73d1-aa95-51bb4c987179" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019fd2c8-7225-7914-88c8-ff8505c7ae65" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_019fd2c8-7225-73d1-aa95-51bb4c987179" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_LessorOperatingLeasePaymentToBeReceivedAfterYearThree_019fd2c8-7225-7764-93d7-709b5f2251a2" xlink:href="glxy-20260630.xsd#glxy_LessorOperatingLeasePaymentToBeReceivedAfterYearThree"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_019fd2c8-7225-7914-88c8-ff8505c7ae65" xlink:to="loc_glxy_LessorOperatingLeasePaymentToBeReceivedAfterYearThree_019fd2c8-7225-7764-93d7-709b5f2251a2" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesLiabilitiesDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesLiabilitiesDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesLiabilitiesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019fd2c8-7225-755c-ae9a-9f969f9ef6c6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_019fd2c8-7225-7ae4-987d-48789a89e567" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019fd2c8-7225-755c-ae9a-9f969f9ef6c6" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_019fd2c8-7225-7ae4-987d-48789a89e567" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLiability_019fd2c8-7225-7534-9d32-e3d56e24b945" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingLeaseLiability"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019fd2c8-7225-755c-ae9a-9f969f9ef6c6" xlink:to="loc_us-gaap_OperatingLeaseLiability_019fd2c8-7225-7534-9d32-e3d56e24b945" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesLiabilitiesDetails_1" xlink:type="simple" xlink:href="glxy-20260630.xsd#LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesLiabilitiesDetails_1"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/LEASESScheduleofFutureMinimumLeasePaymentsOperatingLeasesLiabilitiesDetails_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019fd2c8-7225-72ed-bcf4-5be2f0036523" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_019fd2c8-7225-7eda-9e33-b71d40dbc5b1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019fd2c8-7225-72ed-bcf4-5be2f0036523" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_019fd2c8-7225-7eda-9e33-b71d40dbc5b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_019fd2c8-7225-7402-bef3-7ad6567eae41" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019fd2c8-7225-72ed-bcf4-5be2f0036523" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_019fd2c8-7225-7402-bef3-7ad6567eae41" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_019fd2c8-7225-7da9-bb4d-e365cbc5a931" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019fd2c8-7225-72ed-bcf4-5be2f0036523" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_019fd2c8-7225-7da9-bb4d-e365cbc5a931" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_019fd2c8-7225-7441-85f5-23600be206e8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue_019fd2c8-7225-72ed-bcf4-5be2f0036523" xlink:to="loc_us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree_019fd2c8-7225-7441-85f5-23600be206e8" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/GOODWILLANDOTHERINTANGIBLEASSETSScheduleofIntangibleAssetsDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#GOODWILLANDOTHERINTANGIBLEASSETSScheduleofIntangibleAssetsDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/GOODWILLANDOTHERINTANGIBLEASSETSScheduleofIntangibleAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019fd2c8-7225-7232-a306-a254ab56cf7b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsGrossExcludingGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019fd2c8-7225-77ff-94e7-5e1b64026054" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsGross"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019fd2c8-7225-7232-a306-a254ab56cf7b" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsGross_019fd2c8-7225-77ff-94e7-5e1b64026054" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_019fd2c8-7225-71e7-aefd-0bb86e2b64fb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019fd2c8-7225-7232-a306-a254ab56cf7b" xlink:to="loc_us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill_019fd2c8-7225-71e7-aefd-0bb86e2b64fb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019fd2c8-7225-7380-892c-3329b88f667e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019fd2c8-7225-7197-a7eb-7a670309de4e" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019fd2c8-7225-7380-892c-3329b88f667e" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_019fd2c8-7225-7197-a7eb-7a670309de4e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019fd2c8-7225-782c-af28-6c60c7c6408f" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IntangibleAssetsGrossExcludingGoodwill"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_019fd2c8-7225-7380-892c-3329b88f667e" xlink:to="loc_us-gaap_IntangibleAssetsGrossExcludingGoodwill_019fd2c8-7225-782c-af28-6c60c7c6408f" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/GOODWILLANDOTHERINTANGIBLEASSETSScheduleofFutureAmortizationExpenseDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#GOODWILLANDOTHERINTANGIBLEASSETSScheduleofFutureAmortizationExpenseDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/GOODWILLANDOTHERINTANGIBLEASSETSScheduleofFutureAmortizationExpenseDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019fd2c8-7225-7028-9bae-6b59e0b0d804" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019fd2c8-7225-7a54-a96c-61a3de840844" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019fd2c8-7225-7028-9bae-6b59e0b0d804" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear_019fd2c8-7225-7a54-a96c-61a3de840844" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019fd2c8-7225-76ee-b459-70dad95a63f0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019fd2c8-7225-7028-9bae-6b59e0b0d804" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_019fd2c8-7225-76ee-b459-70dad95a63f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019fd2c8-7225-77bc-97e5-cf33443ca079" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019fd2c8-7225-7028-9bae-6b59e0b0d804" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_019fd2c8-7225-77bc-97e5-cf33443ca079" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019fd2c8-7225-7c25-b2f5-77d499a0a864" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019fd2c8-7225-7028-9bae-6b59e0b0d804" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_019fd2c8-7225-7c25-b2f5-77d499a0a864" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019fd2c8-7225-718b-bf27-a08da48fbeb7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_019fd2c8-7225-7028-9bae-6b59e0b0d804" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_019fd2c8-7225-718b-bf27-a08da48fbeb7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/LOANSANDNOTESPAYABLEScheduleofAssetsPostedasCollateralDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#LOANSANDNOTESPAYABLEScheduleofAssetsPostedasCollateralDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/LOANSANDNOTESPAYABLEScheduleofAssetsPostedasCollateralDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_glxy_NotesPayableAssetAfterAllowanceForCreditLosses_019fd2c8-7225-78fb-9dc1-4a2d0b1ddd7c" xlink:href="glxy-20260630.xsd#glxy_NotesPayableAssetAfterAllowanceForCreditLosses"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_NotesPayableAssetAllowanceForCreditLosses_019fd2c8-7225-746e-860a-db2f1bb2bb24" xlink:href="glxy-20260630.xsd#glxy_NotesPayableAssetAllowanceForCreditLosses"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_NotesPayableAssetAfterAllowanceForCreditLosses_019fd2c8-7225-78fb-9dc1-4a2d0b1ddd7c" xlink:to="loc_glxy_NotesPayableAssetAllowanceForCreditLosses_019fd2c8-7225-746e-860a-db2f1bb2bb24" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_NotesPayableAssetBeforeAllowanceForCreditLosses_019fd2c8-7225-7fec-b9a9-3034cc732104" xlink:href="glxy-20260630.xsd#glxy_NotesPayableAssetBeforeAllowanceForCreditLosses"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_NotesPayableAssetAfterAllowanceForCreditLosses_019fd2c8-7225-78fb-9dc1-4a2d0b1ddd7c" xlink:to="loc_glxy_NotesPayableAssetBeforeAllowanceForCreditLosses_019fd2c8-7225-7fec-b9a9-3034cc732104" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/LOANSANDNOTESPAYABLEScheduleofRepaymentObligationDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#LOANSANDNOTESPAYABLEScheduleofRepaymentObligationDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/LOANSANDNOTESPAYABLEScheduleofRepaymentObligationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_019fd2c8-7225-7f97-860a-d996d2f42880" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebt"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019fd2c8-7225-755e-875c-16771238a5e1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019fd2c8-7225-7f97-860a-d996d2f42880" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_019fd2c8-7225-755e-875c-16771238a5e1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019fd2c8-7225-7e03-beec-670dee5ce305" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019fd2c8-7225-7f97-860a-d996d2f42880" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_019fd2c8-7225-7e03-beec-670dee5ce305" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019fd2c8-7225-726d-830b-2648a91bf079" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019fd2c8-7225-7f97-860a-d996d2f42880" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_019fd2c8-7225-726d-830b-2648a91bf079" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019fd2c8-7225-79b9-9965-8a4624992867" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019fd2c8-7225-7f97-860a-d996d2f42880" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_019fd2c8-7225-79b9-9965-8a4624992867" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019fd2c8-7225-7cdd-a3ec-140b27663ce1" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019fd2c8-7225-7f97-860a-d996d2f42880" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_019fd2c8-7225-7cdd-a3ec-140b27663ce1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_019fd2c8-7225-7af7-a4d5-92806e233768" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_019fd2c8-7225-7f97-860a-d996d2f42880" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_019fd2c8-7225-7af7-a4d5-92806e233768" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/EARNINGSPERSHAREScheduleofAdjustmentsBasicIncomeLossperShareDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#EARNINGSPERSHAREScheduleofAdjustmentsBasicIncomeLossperShareDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/EARNINGSPERSHAREScheduleofAdjustmentsBasicIncomeLossperShareDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019fd2c8-7226-7597-be7c-a923355bbb75" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019fd2c8-7226-7ddc-a7de-6a66591dd3c3" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019fd2c8-7226-7597-be7c-a923355bbb75" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_019fd2c8-7226-7ddc-a7de-6a66591dd3c3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_019fd2c8-7226-77c2-a2a9-9c2318448a88" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_019fd2c8-7226-7597-be7c-a923355bbb75" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_019fd2c8-7226-77c2-a2a9-9c2318448a88" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019fd2c8-7226-7363-96e7-52683c9251ba" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019fd2c8-7226-7965-802e-d144b7fc0bc0" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019fd2c8-7226-7363-96e7-52683c9251ba" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_019fd2c8-7226-7965-802e-d144b7fc0bc0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019fd2c8-7226-7cb8-b269-28bb934e58eb" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_019fd2c8-7226-7363-96e7-52683c9251ba" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_019fd2c8-7226-7cb8-b269-28bb934e58eb" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/REPORTABLESEGMENTSScheduleIncomeandExpensesbyReportableSegmentDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#REPORTABLESEGMENTSScheduleIncomeandExpensesbyReportableSegmentDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/REPORTABLESEGMENTSScheduleIncomeandExpensesbyReportableSegmentDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_glxy_TransactionExpenses_019fd2c8-72f3-7092-b63b-122006d6e74d" xlink:href="glxy-20260630.xsd#glxy_TransactionExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SellingExpense_019fd2c8-72f3-7677-9fe3-4a79a2efe175" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SellingExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_TransactionExpenses_019fd2c8-72f3-7092-b63b-122006d6e74d" xlink:to="loc_us-gaap_SellingExpense_019fd2c8-72f3-7677-9fe3-4a79a2efe175" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetBlockchainRewardDistributionsExpense_019fd2c8-72f3-74a5-b669-9e8ac54fa401" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetBlockchainRewardDistributionsExpense"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_TransactionExpenses_019fd2c8-72f3-7092-b63b-122006d6e74d" xlink:to="loc_glxy_CryptoAssetBlockchainRewardDistributionsExpense_019fd2c8-72f3-74a5-b669-9e8ac54fa401" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_BorrowingCosts_019fd2c8-72f3-7c2c-99a0-2f321890eb4f" xlink:href="glxy-20260630.xsd#glxy_BorrowingCosts"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_TransactionExpenses_019fd2c8-72f3-7092-b63b-122006d6e74d" xlink:to="loc_glxy_BorrowingCosts_019fd2c8-72f3-7c2c-99a0-2f321890eb4f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_CryptoAssetsMiningAndHostingCosts_019fd2c8-72f3-79c3-9f60-ebcc7518f93a" xlink:href="glxy-20260630.xsd#glxy_CryptoAssetsMiningAndHostingCosts"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_TransactionExpenses_019fd2c8-72f3-7092-b63b-122006d6e74d" xlink:to="loc_glxy_CryptoAssetsMiningAndHostingCosts_019fd2c8-72f3-79c3-9f60-ebcc7518f93a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_OtherTransactionExpenses_019fd2c8-72f3-79cd-9b71-3cb058671825" xlink:href="glxy-20260630.xsd#glxy_OtherTransactionExpenses"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_TransactionExpenses_019fd2c8-72f3-7092-b63b-122006d6e74d" xlink:to="loc_glxy_OtherTransactionExpenses_019fd2c8-72f3-79cd-9b71-3cb058671825" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_DataCentersOperatingCost_019fd2c8-72f3-7cdf-8df2-0a7e71da2147" xlink:href="glxy-20260630.xsd#glxy_DataCentersOperatingCost"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_TransactionExpenses_019fd2c8-72f3-7092-b63b-122006d6e74d" xlink:to="loc_glxy_DataCentersOperatingCost_019fd2c8-72f3-7cdf-8df2-0a7e71da2147" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-72f3-7e38-8d8e-30d6ef4aae48" xlink:href="glxy-20260630.xsd#glxy_RevenuesAndGainsLossesFromOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_019fd2c8-72f3-7f85-89ce-60c97020b1cf" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Revenues"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-72f3-7e38-8d8e-30d6ef4aae48" xlink:to="loc_us-gaap_Revenues_019fd2c8-72f3-7f85-89ce-60c97020b1cf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_GainsLossesFromOperations_019fd2c8-72f3-7d51-ae44-771d1982517d" xlink:href="glxy-20260630.xsd#glxy_GainsLossesFromOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-72f3-7e38-8d8e-30d6ef4aae48" xlink:to="loc_glxy_GainsLossesFromOperations_019fd2c8-72f3-7d51-ae44-771d1982517d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_DataCentersLeasingRevenue_019fd2c8-72f3-79df-8f0f-4ac5d83dddf8" xlink:href="glxy-20260630.xsd#glxy_DataCentersLeasingRevenue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_glxy_RevenuesAndGainsLossesFromOperations_019fd2c8-72f3-7e38-8d8e-30d6ef4aae48" xlink:to="loc_glxy_DataCentersLeasingRevenue_019fd2c8-72f3-79df-8f0f-4ac5d83dddf8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019fd2c8-72f3-7ddb-bd86-4f13630de156" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019fd2c8-72f3-7ab3-b082-54a07c4d2131" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019fd2c8-72f3-7ddb-bd86-4f13630de156" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_019fd2c8-72f3-7ab3-b082-54a07c4d2131" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_019fd2c8-72f3-7d5b-b1b6-db7f7adbab12" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_IncomeTaxExpenseBenefit"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLoss_019fd2c8-72f3-7ddb-bd86-4f13630de156" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_019fd2c8-72f3-7d5b-b1b6-db7f7adbab12" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7d56-b8e9-af32e7962ce7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_TransactionExpenses_019fd2c8-72f3-784e-b33b-682f217ae57e" xlink:href="glxy-20260630.xsd#glxy_TransactionExpenses"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7d56-b8e9-af32e7962ce7" xlink:to="loc_glxy_TransactionExpenses_019fd2c8-72f3-784e-b33b-682f217ae57e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetImpairmentCharges_019fd2c8-72f3-75c3-a380-dfbaa5c8fa58" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetImpairmentCharges"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7d56-b8e9-af32e7962ce7" xlink:to="loc_us-gaap_AssetImpairmentCharges_019fd2c8-72f3-75c3-a380-dfbaa5c8fa58" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LaborAndRelatedExpense_019fd2c8-72f3-7b11-abb1-ac201597e305" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LaborAndRelatedExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7d56-b8e9-af32e7962ce7" xlink:to="loc_us-gaap_LaborAndRelatedExpense_019fd2c8-72f3-7b11-abb1-ac201597e305" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseMediumTermNotes_019fd2c8-72f3-72c7-a586-df6b13ab52d5" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestExpenseMediumTermNotes"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7d56-b8e9-af32e7962ce7" xlink:to="loc_us-gaap_InterestExpenseMediumTermNotes_019fd2c8-72f3-72c7-a586-df6b13ab52d5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_019fd2c8-72f3-77eb-9526-f9356b448ebd" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7d56-b8e9-af32e7962ce7" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_019fd2c8-72f3-77eb-9526-f9356b448ebd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingOtherItemAmount_019fd2c8-72f3-766f-808a-0aadc90d1dc6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_SegmentReportingOtherItemAmount"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7d56-b8e9-af32e7962ce7" xlink:to="loc_us-gaap_SegmentReportingOtherItemAmount_019fd2c8-72f3-766f-808a-0aadc90d1dc6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_019fd2c8-72f3-7087-b049-a7de2bdac242" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Revenues"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019fd2c8-72f3-7f95-bbea-9688ab15164d" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019fd2c8-72f3-7087-b049-a7de2bdac242" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_019fd2c8-72f3-7f95-bbea-9688ab15164d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueNotFromContractWithCustomer_019fd2c8-72f3-7cd8-b1c8-2579d8a61ef4" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_RevenueNotFromContractWithCustomer"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019fd2c8-72f3-7087-b049-a7de2bdac242" xlink:to="loc_us-gaap_RevenueNotFromContractWithCustomer_019fd2c8-72f3-7cd8-b1c8-2579d8a61ef4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentIncomeInterest_019fd2c8-72f3-754b-a12d-c5ff08617333" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InvestmentIncomeInterest"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019fd2c8-72f3-7087-b049-a7de2bdac242" xlink:to="loc_us-gaap_InvestmentIncomeInterest_019fd2c8-72f3-754b-a12d-c5ff08617333" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_DataCentersOperatorRevenue_019fd2c8-72f3-7ba4-9be5-7304edb8f3a3" xlink:href="glxy-20260630.xsd#glxy_DataCentersOperatorRevenue"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_Revenues_019fd2c8-72f3-7087-b049-a7de2bdac242" xlink:to="loc_glxy_DataCentersOperatorRevenue_019fd2c8-72f3-7ba4-9be5-7304edb8f3a3" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/OPERATINGPARTNERSHIPFINANCIALINFORMATIONScheduleofConsolidatedInterimStatementsofIncomeLossDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#OPERATINGPARTNERSHIPFINANCIALINFORMATIONScheduleofConsolidatedInterimStatementsofIncomeLossDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/OPERATINGPARTNERSHIPFINANCIALINFORMATIONScheduleofConsolidatedInterimStatementsofIncomeLossDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7c32-b4b2-17af1af0fcb7" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpenses"/>
    <link:loc xlink:type="locator" xlink:label="loc_glxy_TransactionExpenses_019fd2c8-72f3-76c6-83b1-bfef6aabc0eb" xlink:href="glxy-20260630.xsd#glxy_TransactionExpenses"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7c32-b4b2-17af1af0fcb7" xlink:to="loc_glxy_TransactionExpenses_019fd2c8-72f3-76c6-83b1-bfef6aabc0eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetImpairmentCharges_019fd2c8-72f3-7010-bd05-60b693ee92e8" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetImpairmentCharges"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7c32-b4b2-17af1af0fcb7" xlink:to="loc_us-gaap_AssetImpairmentCharges_019fd2c8-72f3-7010-bd05-60b693ee92e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherCostAndExpenseOperating_019fd2c8-72f3-7692-bd10-84c31ff22935" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherCostAndExpenseOperating"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingExpenses_019fd2c8-72f3-7c32-b4b2-17af1af0fcb7" xlink:to="loc_us-gaap_OtherCostAndExpenseOperating_019fd2c8-72f3-7692-bd10-84c31ff22935" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_019fd2c8-72f3-7d36-a90c-db379cd0bf5a" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_019fd2c8-72f3-7a09-aeee-8cd59127d283" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019fd2c8-72f3-7d36-a90c-db379cd0bf5a" xlink:to="loc_us-gaap_NetIncomeLoss_019fd2c8-72f3-7a09-aeee-8cd59127d283" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_019fd2c8-72f3-7e94-8541-c56ca92b5951" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_019fd2c8-72f3-7d36-a90c-db379cd0bf5a" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent_019fd2c8-72f3-7e94-8541-c56ca92b5951" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.galaxy.com/role/OPERATINGPARTNERSHIPFINANCIALINFORMATIONScheduleofConsolidatedInterimStatementsofFinancialPositionDetails" xlink:type="simple" xlink:href="glxy-20260630.xsd#OPERATINGPARTNERSHIPFINANCIALINFORMATIONScheduleofConsolidatedInterimStatementsofFinancialPositionDetails"/>
  <link:calculationLink xlink:role="http://www.galaxy.com/role/OPERATINGPARTNERSHIPFINANCIALINFORMATIONScheduleofConsolidatedInterimStatementsofFinancialPositionDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_019fd2c8-72f3-7ff0-a3be-3f09fd1aac6b" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_019fd2c8-72f3-7f8d-9ed5-9409837e81d6" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019fd2c8-72f3-7ff0-a3be-3f09fd1aac6b" xlink:to="loc_us-gaap_Liabilities_019fd2c8-72f3-7f8d-9ed5-9409837e81d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnersCapital_019fd2c8-72f3-7acd-9f3e-707b9f0bbdf9" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_PartnersCapital"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_019fd2c8-72f3-7ff0-a3be-3f09fd1aac6b" xlink:to="loc_us-gaap_PartnersCapital_019fd2c8-72f3-7acd-9f3e-707b9f0bbdf9" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
