Galaxy Digital Secures $460M Investment from Major Asset Manager for Data Center Expansion

Galaxy Digital (GLXY) has secured a $460 million private investment from an undisclosed global asset manager, marking a significant vote of confidence in its data center and digital asset strategy. The deal includes 9 million new Class A shares and 3.75 million shares sold by insiders at $36 apiece—an 8.5% discount to market.

"This capital strengthens our ability to scale Helios, our Texas data center project, while maintaining flexibility for future growth," said CEO Mike Novogratz. The Phase One buildout aims to deliver 133 megawatts of capacity by 2026, positioning Galaxy at the intersection of Bitcoin mining and AI infrastructure demands.

The transaction reflects growing institutional appetite for crypto-adjacent infrastructure plays, with Galaxy's pivot from mining operator to diversified tech provider mirroring broader industry trends. Closing is expected by mid-October pending TSX approval.