Galaxy Digital Raises $460 Million for Expansion of AI Data Center in Texas

Mike Novogratz’s Galaxy Digital has secured a significant investment of $460 million from a leading global asset manager, marking a pivotal moment as the company embarks on its expansion into artificial intelligence infrastructure. 12.77 million Class A shares were sold at $36 each, with the deal set to close around October 17, 2025, pending approval from the Toronto Stock Exchange. These funds will be used for general corporate purposes and to accelerate the expansion of Galaxy Digital’s Helios campus in Texas, which is expected to deliver 133 megawatts of IT capacity by early 2026.