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Galaxy Announces $460 Million Strategic Investment from a Leading Asset Management Firm
Prnewswireยท 2025-10-10 20:01
Core Viewpoint - Galaxy Digital Inc. has entered into investment agreements for a $460 million private strategic investment from a major asset manager, which will enhance its balance sheet and support its data center business growth [1][3]. Investment Details - The investment consists of the purchase of 9,027,778 shares from Galaxy and 3,750,000 shares from certain executive officers at a price of $36 per share [1]. - The expected closing date for the investment is around October 17, 2025, pending customary closing conditions [3]. Use of Proceeds - Galaxy intends to utilize the proceeds from the investment for general corporate purposes and to support the development of its Helios data center campus, which is projected to deliver 133 MW of critical IT load in the first half of 2026 [2]. Company Overview - Galaxy Digital Inc. is a leader in digital assets and data center infrastructure, providing solutions that enhance finance and artificial intelligence [7]. - The company operates an 800 MW Helios campus in Texas, with an additional 2.7 GW of power under study, positioning it among the largest data center developments in North America [7].