#United States #New York #Digital Assets #stock offering #Galaxy Digital

Galaxy Digital Inc. Unveils Pricing for Expanded Stock Offering

Galaxy Digital Inc. (NASDAQ: GLXY, TSX: GLXY), a preeminent player in the realms of digital assets and data center infrastructure, recently made headlines by announcing the pricing details of its underwritten public offering, significantly increasing its share count to 31,600,000. This is a pivotal moment for the company, marking its first public offering of Class A common stock since becoming a listed entity on the Nasdaq Global Select Market.

Scheduled to close on June 3, 2025, contingent upon customary conditions, Galaxy priced its shares at $19.00 each. Out of the total offering, Galaxy itself offers 26,400,000 shares, while stockholders are contributing 5,200,000 shares. Additionally, the underwriters retain a 30-day option for up to 4,740,000 secondary shares, further expanding the offering’s potential.

The funds raised will be earmarked for acquiring newly issued limited partnership units from Galaxy Digital Holdings LP (GDH LP), its operational subsidiary. GDH LP plans to channel these proceeds into enhancing its artificial intelligence (AI) and high-performance computing capacities at the Helios data center campus situated in the panhandle of West Texas. This initiative signifies Galaxy’s commitment to advancing its technological infrastructure in response to escalating demands for scalable energy solutions in the United States.

Funding the expansion is crucial, as the rapid evolution of AI and digital assets continues to reshape the financial landscape. The substantial need to upgrade facilities like the Helios campus underlines Galaxy's strategic foresight in the tech-driven market.

Prominent investment banks including Goldman Sachs & Co. LLC, Jefferies, and Morgan Stanley have stepped in as the active joint book-running managers of this offering. Support comes from additional co-managers such as Canaccord Genuity and BTIG. Galaxy Digital Partners, noted for its advisory services, also played a vital role in this financial maneuver.

It’s important for potential investors to note that this offering is exclusively being conducted through a structured prospectus, consistent with regulations stipulated by the Securities and Exchange Commission (SEC). Interested parties should carefully peruse the prospectus and related documents available on the SEC’s EDGAR database before proceeding with investments. For those seeking direct contact, copies of the final prospectus can be obtained through the respective underwriters.

About Galaxy Digital Inc.

Founded as a guiding force in the world of digital assets, Galaxy Digital Inc. continues to set benchmarks with its innovative platform for institutional access. Their services span trading, advisory and asset management, staking, self-custody, and tokenization technologies, all aimed at easing investor engagement in digital finance. By spearheading advancements in data center infrastructure and AI, Galaxy is strategically positioned to meet the growing demand for efficiency and scalability in today’s tech-centric world.

The company, headquartered in New York City, boasts a global presence with offices in North America, Europe, the Middle East, and Asia, further emphasizing its status as a leader in this specialized sector.

A Step Towards Future Growth

The ambitious nature of this stock offering not only reflects Galaxy Digital’s robust market positioning but also its strategic drive toward long-term growth amidst the rapidly evolving landscape of digital finance and artificial intelligence. With high expectations set upon the June closing, market watchers and investors alike are keenly observing this critical financial turn as Galaxy prepares to fortify its future endeavors.