Galaxy Digital Announces 460 Million Private Placement Including Secondary Offering of Shares by Executives
Galaxy Digital Inc. has announced a $460 million strategic investment from one of the world's largest asset management firms. The private placement involves the purchase of 9,027,778 newly issued Class A common shares from Galaxy and 3,750,000 shares from certain executive officers, including Founder and CEO Michael Novogratz, at a price of $36 per share. Proceeds from the investment will be used for general corporate purposes and to support the buildout of Galaxy's Helios data center campus, which is scheduled 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 closing conditions, including approval by the Toronto Stock Exchange.Disclaimer: This news brief was created by Public Technologies using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as