Key Takeaways
- • Galaxy Digital (Nasdaq/TSX: GLXY) agreed to a $460 million private strategic investment in its Class A common stock from one of the world's largest asset managers, priced at $36 per share.
- • The deal comprises 9,027,778 newly issued shares sold by Galaxy and 3,750,000 shares sold by certain executive officers, including Founder and CEO Mike Novogratz.
- • Galaxy plans to use the proceeds for general corporate purposes and to fund buildout of its Helios data center campus, which is on schedule to deliver 133 MW of critical IT load in the first half of 2026.
- • The investment is expected to close on or about October 17, 2025, subject to customary conditions including Toronto Stock Exchange approval.
- • Galaxy will report third quarter 2025 results before the Nasdaq open on October 21, 2025, with a conference call the same day at 8:30 a.m. ET.
Summary
Galaxy Digital Inc. announced on October 10, 2025 that it entered into investment agreements with one of the world's largest and most respected asset managers for a $460 million private strategic investment in its Class A common stock, according to a company press release distributed via PR Newswire. The transaction follows an agreement reached earlier that week. The investor is buying 9,027,778 shares directly from Galaxy and 3,750,000 shares from certain executive officers, including Founder and CEO Mike Novogratz, at $36 per share.
Galaxy said it intends to use the proceeds for general corporate purposes and to power the buildout of its Helios data center campus in Texas. The company stated that the Helios project remains on schedule to deliver 133 MW of critical IT load in the first half of 2026 under its Phase One lease agreement. Its boilerplate describes Helios as an 800 MW campus with an additional 2.7 GW of power under study.
Novogratz said strengthening the balance sheet is essential to scaling Galaxy's data center business efficiently while maintaining financial flexibility. He added that having a large institutional investor make such an investment would support the company's ability to build businesses across digital assets and data centers.
The investment is expected to close on or about October 17, 2025, subject to customary closing conditions, including approval by the Toronto Stock Exchange. The securities were sold in a transaction not involving a public offering and have not been registered under the Securities Act of 1933. Galaxy has agreed to use commercially reasonable efforts to file a resale registration statement for the shares sold in the investment. The company also announced that it will report third quarter 2025 financial results before the Nasdaq opening on October 21, 2025.
Galaxy said it intends to use the proceeds for general corporate purposes and to power the buildout of its Helios data center campus in Texas. The company stated that the Helios project remains on schedule to deliver 133 MW of critical IT load in the first half of 2026 under its Phase One lease agreement. Its boilerplate describes Helios as an 800 MW campus with an additional 2.7 GW of power under study.
Novogratz said strengthening the balance sheet is essential to scaling Galaxy's data center business efficiently while maintaining financial flexibility. He added that having a large institutional investor make such an investment would support the company's ability to build businesses across digital assets and data centers.
The investment is expected to close on or about October 17, 2025, subject to customary closing conditions, including approval by the Toronto Stock Exchange. The securities were sold in a transaction not involving a public offering and have not been registered under the Securities Act of 1933. Galaxy has agreed to use commercially reasonable efforts to file a resale registration statement for the shares sold in the investment. The company also announced that it will report third quarter 2025 financial results before the Nasdaq opening on October 21, 2025.
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