10.13.2025

“Leading” Fund Manager Invests $460m in Galaxy Digital

10.13.2025
“Leading” Fund Manager Invests $460m in Galaxy Digital

Galaxy Digital Inc. is pleased to announce that, following an agreement reached earlier this week, it today entered into investment agreements with one of the world’s largest and most respected asset managers for a $460 million private strategic investment in Galaxy’s Class A common stock (the “Investment”), consisting of a purchase of 9,027,778 shares from Galaxy and 3,750,000 shares from certain executive officers of Galaxy, including its Founder and CEO, at $36 per share.

Galaxy intends to use the proceeds from the Investment for general corporate purposes and to power the buildout of its Helios data center campus, which remains on schedule to deliver 133 MW of critical IT load in the first half of 2026 as part of its Phase One lease agreement.

“Strengthening our balance sheet is essential to scaling Galaxy’s data center 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 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 offer and sale of the foregoing securities are being made in a transaction not involving a public offering and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements. Galaxy has agreed to use commercially reasonable efforts to file a resale registration statement with respect to the shares sold in the Investment.

In connection with this announcement, Galaxy also announced the date of its third quarter 2025 financial results, which will be reported before the opening of Nasdaq on Tuesday October 21, 2025.

Michael Novogratz, CEO and Founder of Galaxy, and members of management will host a conference call to provide an update to investors and analysts on the Company’s activities and results on the same day at 8:30 AM Eastern Time.

A live webcast will be available at https://investor.galaxy.com/ and on the Company’s YouTube channel. A replay of the webcast will be available and can be accessed in the same manner as the live webcast on the Company’s Investor Relations website.

Source: Galaxy Digital

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