Galaxy Digital (GLXY) Company Report

Galaxy Digital Inc. has secured approval from the Electric Reliability Council of Texas (ERCOT) for an additional 830 megawatts (MW) of computing demand at its Helios data center campus in West Texas.
This approval doubles the total ERCOT-approved and utility-contracted power capacity at Helios to over 1.6 gigawatts (GW).
The expansion is a significant step in the company's buildout of next-generation AI and high-performance computing (HPC) infrastructure.
Initial power delivery for the first phase of Helios is anticipated to begin in early 2026.

7 hours ago

8-K

Galaxy Digital Secures Approval for Additional 830 MW at Helios Data Center Campus

GLXY

New Projects/Investments

Galaxy Digital has received ERCOT approval for an additional 830 megawatts (MW) of computing demand at its Helios data center campus in West Texas.
This approval doubles the campus's total ERCOT-approved and utility-contracted power capacity to over 1.6 gigawatts (GW).
The company has executed a service agreement with AEP Texas Inc. for this additional capacity, significantly advancing its buildout of next-generation AI and high-performance computing (HPC) infrastructure.
Construction for the first phase of Helios is underway, with initial power delivery expected in early 2026 under a long-term lease agreement with CoreWeave.

7 hours ago

Press Release

Galaxy Digital announces initial closing of debut tokenized CLO

GLXY

Debt Issuance

New Projects/Investments

Product Launch

Galaxy Digital has successfully closed its debut tokenized collateralized loan obligation (CLO), Galaxy CLO 2025-1, which is tokenized on the Avalanche blockchain.
The CLO secured an approximately $50 million anchor allocation from Grove and has financed approximately $75 million in loans for Arch Lending to date, with a potential to scale up to $200 million.
The tokenized CLO's debt tranches carry a senior coupon of SOFR +570 bps and have an initial maturity of December 2026, with monthly distributions.

9 hours ago

Press Release

Galaxy Digital Inc. Reports Strong Q3 2025 Financial Results and Asset Growth

GLXY

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Galaxy Digital Inc. reported a net income of $505.1 million and diluted EPS of $1.01 for Q3 2025, a significant improvement from a net loss of ($33.3 million) and diluted EPS of ($0.10) in Q3 2024.
The company's total assets increased to $11,522.7 million as of September 30, 2025, from $7,119.9 million on December 31, 2024, with Assets on Platform reaching $17 billion.
For the nine months ending September 30, 2025, Galaxy reported YTD Net Income of $240 million, YTD Adjusted Gross Profit of $824 million, and YTD Adjusted EBITDA of $551 million.
In May 2025, Galaxy reorganized to a U.S./Delaware incorporated firm and is now dual-listed on the TSX and Nasdaq.
The Asset Management & Infrastructure Solutions segment reported ETFs AUM of $3,903 million, Alternatives AUM of $4,859 million, and Assets Under Stake of $6,610 million in Q3 2025.

Dec 11, 2025, 12:04 PM

8-K

Galaxy Digital Acquires Alluvial Finance, Becomes Development Company for Liquid Collective

GLXY

M&A

New Projects/Investments

Galaxy Digital has acquired Alluvial Finance, the former development company behind Liquid Collective, making Galaxy the new Development Company for the enterprise-grade liquid staking protocol.
This acquisition expands Galaxy's institutional staking infrastructure and gives the company full responsibility for developing and maintaining the Liquid Collective protocol.
Liquid Collective has significantly grown its assets on platform to approximately $1 billion in 2025.
As of September 30, 2025, Galaxy operates a staking platform with approximately $6.6 billion in assets under stake.

Dec 4, 2025, 12:00 PM

Press Release

Galaxy Digital Inc. Announces Q3 2025 Financial Results

GLXY

Earnings

Revenue Acceleration/Inflection

Galaxy Digital Inc. reported revenues and gains from operations of $29,218,853 thousand for the three months ended September 30, 2025.
The company posted a net income of $505,057 thousand for Q3 2025, a substantial increase from $30,691 thousand in Q2 2025.
Basic Earnings Per Share (EPS) for Q3 2025 was $1.19, significantly up from $0.10 in Q2 2025.
Adjusted EBITDA reached $629,352 thousand in Q3 2025, compared to $211,227 thousand in the previous quarter.

Nov 10, 2025, 10:14 PM

8-K

Galaxy Digital Prices Upsized $1.15 Billion Exchangeable Senior Notes Offering

GLXY

Debt Issuance

New Projects/Investments

On October 28, 2025, Galaxy Digital Holdings LP (the Issuer) priced an upsized offering of $1.15 billion aggregate principal amount of its 0.50% exchangeable senior notes due 2031.
The offering size was increased from the previously announced $1.0 billion, with an option for initial purchasers to buy an additional $150.0 million.
The sale settled on October 30, 2025, resulting in a total issuance of $1.3 billion aggregate principal amount of notes, including the full exercise of the additional purchase option.
The estimated net proceeds are $1,127.0 million (or $1,274.0 million if the option was fully exercised), intended for growth across core operating businesses and general corporate purposes, potentially including the repayment of existing notes due 2026.
The notes have an initial exchange price of approximately $55.76 per share, which represents a 37.5% premium over the common stock's last reported sale price of $40.55 on October 27, 2025.

Oct 30, 2025, 8:20 PM

8-K

Galaxy Digital Integrates with Coinbase Prime

GLXY

New Projects/Investments

Product Launch

Galaxy Digital announced its integration with Coinbase Prime, allowing Coinbase Prime clients to access Galaxy's high-performance staking infrastructure.
This collaboration positions Galaxy and Coinbase Prime as a custodial, staking, and liquidity solution for ETFs and ETPs.
As of September 30, 2025, Galaxy manages approximately $6.6 billion in assets under stake.
This integration with Coinbase is Galaxy's fourth custodial integration in 2025, following collaborations with Fireblocks, Zodia Custody, and BitGo earlier in the year.

Oct 29, 2025, 11:00 AM

Press Release

Galaxy Digital Prices Upsized Exchangeable Senior Notes Offering

GLXY

Debt Issuance

New Projects/Investments

Convertible Preferred Issuance

Galaxy Digital Holdings LP priced an offering of $1.15 billion aggregate principal amount of its 0.50% exchangeable senior notes due 2031, which was an increase from the previously announced $1.0 billion offering size.
The estimated net proceeds of $1,127.0 million (or $1,274.0 million if the initial purchasers fully exercise their option) are intended to support growth across Galaxy's core operating businesses and for general corporate purposes, potentially including the repayment of existing exchangeable senior notes due 2026.
The notes will mature on May 1, 2031, and will accrue interest at a rate of 0.50% per annum, payable semi-annually beginning May 1, 2026.
The initial exchange price is approximately $55.76 per share of common stock, which represents a 37.5% premium above the last reported sale price of $40.55 per share on October 27, 2025.
The sale of the notes is scheduled to settle on October 30, 2025, subject to customary closing conditions.

Oct 28, 2025, 11:00 AM

Press Release

Galaxy Digital Announces Private Offering of Exchangeable Senior Notes

GLXY

Debt Issuance

New Projects/Investments

Galaxy Digital Holdings LP intends to offer $1.0 billion aggregate principal amount of exchangeable senior notes due 2031 in a private offering.
The initial purchasers will have an option to purchase up to an additional $150.0 million aggregate principal amount of notes.
The net proceeds are intended to support growth across core operating businesses and for general corporate purposes, which may include the repayment of existing exchangeable senior notes due 2026.
The notes will not be redeemable prior to November 6, 2028, and the offering is subject to market conditions and Toronto Stock Exchange (TSX) approval.