Galaxy Digital Secures Massive $460M Investment in Bold Pivot to AI Data Center Infrastructure

Galaxy Digital just pulled off a $460 million power move—shifting gears from pure crypto plays to AI data centers. Because why choose between two technological revolutions when you can bet on both?

The Strategic Shift

While traditional finance firms keep playing musical chairs with the same old assets, Galaxy's pivot shows crypto natives understand something fundamental: data is the new oil, and AI needs massive computing power to refine it. The $460 million injection proves institutional money sees the same vision.

Convergence Play

This isn't just diversification—it's recognizing that crypto infrastructure and AI compute requirements share more DNA than Wall Street wants to admit. Both demand unprecedented processing power, robust security, and decentralized architecture. Galaxy's move essentially bets that the companies powering AI will need blockchain-level infrastructure.

The Cynical Take

Meanwhile, traditional VCs are still funding the 47th food delivery app this quarter—because clearly what the world needs is another way to overpay for lukewarm tacos.

Bottom line: When crypto meets AI, the smart money follows. And $460 million suggests Galaxy might just be onto the next big thing.

TLDR

• Galaxy Digital received a $460 million investment from an unnamed major asset manager at $36 per share
• The deal includes 9 million new shares from Galaxy and 3.75 million shares sold by executives including CEO Mike Novogratz
• Funds will support the development of Galaxy’s Helios data center campus in Texas
• Helios is expected to deliver 133 megawatts of IT capacity by mid-2026 under Phase One
• Galaxy shares rose 3% in after-hours trading following the announcement on October 10

Galaxy Digital announced a $460 million private investment deal on Friday with one of the world’s largest asset managers. The investment will fund the company’s expanding data center operations and general corporate needs.

$GLXY +3.8% [Galaxy Digital lands $460M strategic investment from leading asset manager to expand Helios data center campus in Texas and strengthen balance sheet.] https://t.co/AeWPHR41d3 pic.twitter.com/jpUYbl6StE

— NOTRELOAD AI (@notreload_ai) October 10, 2025

The deal involves the sale of approximately 12.8 million Class A shares at $36 each. Galaxy will issue 9,027,778 new shares while certain executives will sell 3,750,000 existing shares. CEO and founder Mike Novogratz is among the executives selling shares.

The $36 price per share represents an 8.5% discount from Galaxy’s Friday closing price. The company’s stock closed at $39.38 that day. After the announcement, shares jumped 3% in post-market trading.

The transaction is scheduled to close around October 17. It requires approval from the Toronto Stock Exchange and other standard closing conditions. The identity of the investing asset manager was not disclosed in the announcement.

Galaxy plans to use the investment proceeds primarily for its Helios data center project. The campus is located in Texas and represents a shift in Galaxy’s business strategy. The company bought Helios from struggling miner Argos in 2022.

From Bitcoin Mining to AI Computing

Galaxy initially operated Helios as a bitcoin mining facility. The company later pivoted toward AI and high-performance computing as mining margins tightened. Many cryptocurrency mining companies have made similar transitions to data center operations.

Galaxy has been upgrading Helios to serve as an AI and HPC hosting facility. The company previously secured $1.4 billion in funding during summer 2025 to expand the site. That funding came after signing a lease agreement with AI cloud provider CoreWeave.

CoreWeave has now committed to all 800 megawatts of approved power capacity at Helios. The Phase One buildout will deliver 133 megawatts of critical IT load in the first half of 2026. This represents the initial stage of the broader development plan.

Financial Results Coming Soon

Novogratz stated the investment strengthens Galaxy’s balance sheet for scaling the data center business. He said maintaining financial flexibility supports future growth across digital assets and data centers. The CEO emphasized the importance of having a major institutional investor backing the company’s strategy.

Galaxy announced it will release third quarter 2025 financial results on October 21 before market open. The company will host a conference call and webcast at 8:30 AM Eastern that same day. Management plans to provide updates on progress and strategic initiatives during the call.

The stock had declined 6.7% on Friday from Thursday’s closing price before the investment news was announced. Investors and analysts view the data center pivot as potentially adding value to Galaxy’s business model. The AI and HPC market has attracted interest from former cryptocurrency mining operations seeking new revenue sources.