Galaxy Digital initiates public sale of common shares
Galaxy Digital Announces Landmark Underwritten Public Offering
NEW YORK, NY, May 27, 2025 - Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY), a pioneering digital assets and data center infrastructure company, unveiled plans for an underwritten public offering of Class A common stock. The offering marks Galaxy's first such initiative since transitioning to a listed company on the Nasdaq Global Select Market.
The proposed offering involves 31.6 million shares of Class A common stock, with 26.4 million shares offered by Galaxy and 5.2 million shares offered by existing stockholders. At a projected price of $19 per share, Galaxy aims to raise approximately $501.6 million, excluding the over-allotment option. Underwriters have a 30-day option to purchase an additional 4.74 million shares. If exercised, this option would bring the offering total to about 36.34 million shares.
Proceeds from the offering will be used to purchase newly issued limited partnership units (LP Units) from Galaxy Digital Holdings LP, a subsidiary of the company. The LP Units will help finance the expansion of Galaxy's artificial intelligence and high-performance computing infrastructure at its Helios data center campus in the West Texas panhandle. The remainder of the funds will be allocated for general corporate purposes.
Goldman Sachs, Jefferies, and Morgan Stanley are serving as active joint book-running managers for the offering, alongside additional book-running managers. A definitive list of participating banks remains to be disclosed.
Galaxy has filed a prospectus regarding the offering with the Securities and Exchange Commission (SEC), but the registration has not yet become effective. Investors are advised to read the registration statement and related documents before making investment decisions, available on the SEC's EDGAR platform (
The offering is not qualified for distribution by a prospectus in Canada, and the shares issued within the offering will be subject to resale restrictions for a period of four months and one day in accordance with applicable Canadian securities law. The TSX has neither approved nor disapproved the contents of this news release.
Galaxy Digital Inc. is a trailblazing firm in digital assets and data center infrastructure, offering comprehensive solutions in trading, advisory, asset management, staking, self-custody, and tokenization technology. For more information about the company, visit Galaxy Digital Inc.'s official website.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any shares of Class A common stock, nor shall there be any sale of shares in any state or jurisdiction prior to registration or qualification under the securities laws of such state or jurisdiction.
About Galaxy Digital Inc.
Founded in 2018, Galaxy Digital Inc. (NASDAQ/TSX: GLXY) is a groundbreaking company specializing in digital asset management and cutting-edge data center infrastructure. The firm delivers solutions designed to expedite advancements in finance and artificial intelligence. In addition to its digital assets platform, it offers global institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology, while also investing in and operating world-class data center infrastructure to support AI and high-performance computing acceleration in the United States. The company's headquarters are located in New York City, with offices across North America, Europe, the Middle East, and Asia.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, which are subject to various risks and uncertainties. These forward-looking statements are based on current expectations and projections about future events and are subject to significant uncertainties and changes in conditions. Galaxy Digital cautions investors that any forward-looking statements are not guarantees of future performance and that there can be no assurance that the actual results or developments will be those anticipated by such forward-looking statements. Please consult Galaxy Digital's official prospectus and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC, for more information on risks and uncertainties that may affect the company's future performance.
- Galaxy Digital's underwritten public offering of Class A common stock includes 31.6 million shares, with the proceeds aimed at purchasing LP Units for their data center infrastructure expansion and other general corporate purposes.
- The technology sector is being backed by Galaxy Digital as they invest in data center infrastructure, not only for digital assets management but also for artificial intelligence and high-performance computing acceleration.
- The industry is looking towards innovative finance solutions in the digital assets sector, with Galaxy Digital being one of the leading firms in this space, offering trading, advisory, asset management, staking, self-custody, and tokenization technology.
- The cloud infrastructure market is expected to grow significantly, as companies like Galaxy Digital invest in world-class facilities, such as their Helios data center campus, to support AI and high-performance computing needs.
