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Galaxy Digital Announces Public Offering to Fund AI and Data Center Expansion
Galaxy Digital Announces Public Offering to Fund AI and Data Center Expansion
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Galaxy Digital Inc., a Nasdaq-listed digital asset and infrastructure firm, launched its first underwritten public offering of Class A common stock. The company plans to sell 29 million shares, with proceeds directed toward expanding its AI and high-performance computing capabilities at its Helios data center in West Texas.
The move signals institutional confidence in crypto infrastructure plays. Goldman Sachs, Jefferies, and Morgan Stanley are leading the offering, with several other firms participating. Notably, Galaxy will use the capital to purchase LP units from its operating subsidiary rather than direct treasury funding.
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