Galaxy Digital Secures $460M Investment From Major Asset Manager for AI and HPC Data Center Expansion

Digital asset firm Galaxy Digital (GLXY) has announced a landmark $460 million private investment from one of the world's largest institutional asset managers. The capital infusion will accelerate Galaxy's strategic pivot from bitcoin mining to high-performance computing (HPC) and artificial intelligence (AI) data center operations. The investment structure includes 9 million new Class A shares issued by Galaxy alongside 3.75 million shares sold by company executives including CEO Mike Novogratz at $36 per share, representing an 8.5% discount to Friday's closing price. Novogratz emphasized this strengthens Galaxy's balance sheet for scaling their data center business while maintaining financial flexibility. Galaxy will deploy the capital to expand its Helios data center campus, scheduled to deliver 133 megawatts of critical IT capacity by H1 2026. This follows Galaxy's strategic transformation from bitcoin mining to AI/HPC hosting, highlighted by their recent $1.4 billion funding round and full capacity lease agreement with AI cloud provider CoreWeave. Market response was immediately positive with Galaxy shares rising 3% in post-market trading, reflecting investor confidence in the company's AI infrastructure strategy.