Galaxy Digital Secures $460M Investment to Expand AI and HPC Data Centers

Galaxy Digital has secured a $460 million investment from a major undisclosed asset manager, signaling strong institutional confidence in AI and high-performance computing infrastructure. The capital infusion will accelerate expansion of the firm's Helios data centers, with 133 megawatts of capacity expected by mid-2026.

The deal structure reveals strategic positioning: 9 million new shares issued alongside a 3.75 million share sell-off by insiders at $36 per share—an 8.5% discount to market price. CEO Mike Novogratz positioned the October 17 closing date as a pivot point for scaling operations in these high-growth sectors.

This transaction underscores a broader trend of capital migration toward AI-focused digital infrastructure plays. The undisclosed counterparty's participation at this scale suggests institutional investors are increasingly comfortable with convergence plays between digital assets and enterprise computing.