Galaxy Digital Secures $460M Strategic Investment for AI Data Center Expansion
Galaxy Digital Holdings Ltd. has landed a $460 million private investment from an undisclosed major asset manager, signaling institutional confidence in its pivot toward AI infrastructure. The deal priced at $36 per share—an 8.5% discount to Friday's close—includes 9 million new shares and 3.75 million secondary shares sold by insiders including CEO Mike Novogratz.
Proceeds will accelerate development of the Helios data center campus in Texas, with Phase One projected to deliver 133 megawatts of computing capacity by mid-2026. The market responded favorably, pushing Galaxy's stock up 3% in after-hours trading despite the discounted placement.