Galaxy Digital Secures $460 Million Investment

Galaxy Digital this week 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.

Galaxy intends to use the proceeds from the investment for general corporate purposes and to power the build-out of its 800MW Helios data center campus – which is set to be fully leased to AI cloud firm CoreWeave. The investment is expected to close on or about October 17, 2025, subject to customary closing conditions, including approval by the Toronto Stock Exchange.

"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."