TechFlow news, October 11 — Galaxy Digital Inc. (Nasdaq: GLXY) announced a $460 million strategic investment from a leading global asset management company. The investment involves purchasing Class A ordinary shares of Galaxy at $36 per share, including approximately 9.028 million shares from the company and 3.75 million shares from executives, including the founder and CEO.
Galaxy plans to use the proceeds to advance the construction of its Helios data center campus, with the first phase expected to be completed in the first half of 2026, delivering 133MW of critical IT load capacity. The transaction is expected to close on October 17, 2025, subject to customary conditions, including approval from the Toronto Stock Exchange.
Mike Novogratz, Founder and CEO of Galaxy Digital, said: "Strengthening our balance sheet is critical to efficiently scale Galaxy's data center business while maintaining financial flexibility to support future growth."
