Galaxy Digital formalizes $460-million investment

Executive Summary

• Galaxy Digital Inc. entered into agreements for a $460 million private strategic investment in its Class A common stock with a leading global asset manager.
• The transaction includes the purchase of 9,027,778 shares from Galaxy and an additional 3.75 million shares from certain executive officers at $36 per share.
• Proceeds will be used for general corporate purposes and to fund the build‑out of Galaxy’s Helios data‑centre campus, slated to deliver 133 MW of critical IT load in H1 2026.

Key Details

• Investment amount: $460 million total.
• Share purchase price: $36 per share.
• Shares purchased from Galaxy: 9,027,778 shares.
• Shares purchased from executives (including founder/CEO): 3,750,000 shares.
• Use of proceeds: General corporate purposes and construction of the Helios data‑centre campus (phase 1 lease agreement).
• Helios data centre target capacity: 133 MW of critical IT load to be operational in the first half of 2026.
• Closing date: Expected on or about October 17, 2025, subject to customary conditions and TSX approval.
• Financial results announcement: Galaxy will release its Q3 2025 financial results before Nasdaq opens on Tuesday, October 21, 2025.
• Conference call/webcast: Management will host a conference call on the same day (Oct 21) at 8:30 a.m. ET; live webcast available via investor website and YouTube, with replay thereafter.

Notable Quotes

“Strengthening our balance sheet is essential to scaling Galaxy's data centre business efficiently while maintaining the financial flexibility to support future growth,” said Mike Novogratz, founder and CEO of Galaxy.
“Having one of the world's largest and most sophisticated institutional investors make such a significant investment in our company will support our strategic vision and our ability to build leading businesses across digital assets and data centres.”