Galaxy Digital (GLXY) announced in a press release that it has entered agreements with a leading global asset manager for a $460 million private placement of its Class A common stock, comprising 9,027,778 shares from the company and 3,750,000 shares from executives, including Founder and CEO Mike Novogratz, at $36 per share.
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The transaction, expected to close on or about October 17, is subject to customary conditions and approval by the Toronto Stock Exchange. Galaxy intends to use the proceeds to fund the build-out of its Helios data center campus. The company said Helios is on track to deliver 133 MW of critical IT load in the first half of 2026 under its Phase One lease agreement.
In conjunction with the investment announcement, Galaxy set October 21, 2025, before market open, for its Q3 financial results and will host a conference call and webcast at 8:30 AM Eastern to update investors on its progress and strategic initiatives.
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GLXY closed at $39.38 on Friday, down 6.7% from Thursday’s close. At time of publication and after the press release, GLXY shares traded up 2.5% during after-market hours.
