Galaxy Digital (GLXY) Stock News, May 27-30, 2025

GLXY Nasdaq

Galaxy Digital Inc. develops digital asset businesses and data center infrastructure for institutional finance, individual-investor crypto access, and AI and high-performance computing workloads. Company news commonly covers trading, advisory, asset management, staking, self-custody, tokenization technology, and GalaxyOne product updates, including staking and onchain cash-management initiatives.

Recurring updates also include the Helios data center campus in Texas, power-capacity approvals, lease and operations milestones, quarterly financial results, share repurchases, capital-market infrastructure partnerships, and listing matters. Galaxy’s Class A common stock trades on Nasdaq under the symbol GLXY after the company completed its voluntary delisting from the Toronto Stock Exchange.

05/29/2025 08:05 PM

News

Galaxy Digital Inc. Announces Pricing of Its Upsized Public Offering of Common Stock

Rhea-AI Summary

Galaxy Digital (NASDAQ: GLXY) has announced the pricing of its upsized public offering of 31.6 million shares of Class A common stock at $19.00 per share. The offering consists of 26.4 million shares from Galaxy and 5.2 million shares from existing stockholders. Underwriters have a 30-day option to purchase up to 4.74 million additional secondary shares. This marks Galaxy's first underwritten public offering since listing on Nasdaq. The company plans to use the proceeds to purchase LP Units from its subsidiary GDH LP, which will fund the expansion of AI and high-performance computing infrastructure at its Helios data center in West Texas. The offering, led by Goldman Sachs, Jefferies, and Morgan Stanley, is expected to close on June 3, 2025.

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Galaxy Digital Inc. Announces Public Offering of Common Stock

Rhea-AI Summary

Galaxy Digital (NASDAQ: GLXY) has announced an underwritten public offering of 29 million shares of Class A common stock, marking its first such offering since listing on Nasdaq. The offering consists of 24.15 million shares from Galaxy and 4.85 million shares from existing stockholders. Underwriters have a 30-day option to purchase up to 4.35 million additional secondary shares. The company plans to use the proceeds to purchase LP Units from its subsidiary GDH LP, which will fund the expansion of AI and high-performance computing infrastructure at its Helios data center in West Texas. Goldman Sachs, Jefferies, and Morgan Stanley are leading the offering as joint book-running managers. The offering is subject to SEC registration effectiveness and Canadian securities regulations.

Rhea-AI Impact

Rhea-AI Sentiment

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-6.26%