Galaxy Digital Inc (GLXY)

Morgan Stanley Wealth Management and Galaxy Digital Announce Referral Capability for In-Kind Creation of Spot Crypto ETP SharesJune 5, 2026 8:30 AM
Business Wire Morgan Stanley Wealth Management today announced a new referral arrangement with Galaxy Digital (“Galaxy”) through which eligible clients can lend cryptocurrency to Galaxy and receive shares of exchange-traded products (“ETPs”) with exposure to spot crypto, including, but not limited to, the Morgan Stanley Bitcoin Trust (MSBT), offered by Morgan Stanley Investment Management. This model is designed for clients that want to lend crypto assets for repayment in traditional investment products in an efficient manner, enabling portfolio integration, including margin and lending capabilities, while reducing onboarding times and costs. “Morgan Stanley has been investing in the DeFi space for some time, and we are proud to support a referral capability with Galaxy to provide Wealth Management clients with an institutionalized pathway that helps integrate digital assets into their portfolio,” said Alison Nest, Head of Investment Solutions Products, Morgan Stanley Wealth Management. “This referral arrangement represents a significant step forward in bridging traditional finance and decentralized finance, providing more investors with streamlined opportunities to diversify.” How it works Morgan Stanley Wealth Management is providing clients with educational resources about digital assets and facilitating referrals to Galaxy. Under Galaxy’s model, a client lends specified digital assets (e.g., Bitcoin, Ether, Solana) to Galaxy. Once Galaxy determines it can settle such loan in ETP shares, Galaxy will coordinate an in-kind creation with an Authorized Participant, and ETP shares will be delivered into the client’s account of their choosing. Today, onboarding timelines for these transactions can exceed four weeks. Through the development of this referral capability, onboarding times may be reduced by as much as 75% in some cases. In addition, Galaxy will reduce its lending transaction minimum for Morgan Stanley-referred clients from $25 million to $5 million, expanding access to qualified clients who meet eligibility requirements. “We are excited to support referrals from Morgan Stanley Wealth Management to offer an efficient and secure path to access spot crypto ETPs,” said Zane Glauber, Global Head of Distribution at Galaxy. “Streamlined onboarding and lowered transaction minimums make it easier for clients to integrate digital assets alongside traditional investments, supporting a holistic approach to wealth management.” About Morgan Stanley Wealth Management Morgan Stanley Wealth Management, a global leader, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, cash management and lending products, annuities and insurance, retirement and trust services. About Morgan Stanley Morgan Stanley (NYSE MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information, visit www.morganstanley.com. About Galaxy Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com. Morgan Stanley Bitcoin Trust ("MSBT" or the "Trust"), an exchange traded product, is not registered under the Investment Company Act of 1940, as amended (the “40 Act”) and therefore is not subject to the same regulations and protections as 40 Act-registered ETFs and mutual funds. An investment in MSBT is subject to a high degree of risk and heightened volatility. MSBT is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Trust is not a direct investment in bitcoin. Definitions: In-Kind Exchanges or transfers allow investors to move investments or assets between accounts or vehicles without selling them or converting them to cash. Spot Crypto are exchange-based products that track the price of an asset, i.e. bitcoin, by holding the actual asset as the underlying asset. Eligible clients: All clients should consult their financial advisor to see if they meet the investment criteria. Margin refers to the ability to use eligible securities as collateral for other activities within a portfolio. An Authorized Participant is an organization that has the right to create and redeem shares of an ETP. The primary purpose is to ensure liquidity and ETP price alignment with net asset values (NAV). Disclosures: On an unsolicited basis, Morgan Stanley will refer clients to Galaxy for onboarding and execution. Galaxy makes account decisions; Morgan Stanley does not control, supervise, or participate in Galaxy’s onboarding or its provision of any services, and Morgan Stanley does not provide a recommendation or endorsement to clients regarding Galaxy or spot crypto to ETP exchanges. Galaxy and Morgan Stanley are not affiliated. Clients are responsible for their own due diligence and should consult their own tax and legal advisors. Morgan Stanley Wealth Management will not receive compensation in connection with the referral or the transaction executed at Galaxy. Fees disclosed by Galaxy are currently indicated as 15–25 bps, subject to transaction specifics. Spot cryptocurrency ETPs are not registered investment companies under the Investment Company Act of 1940, and therefore are not subject to the same regulatory requirements as mutual funds or traditional exchange traded funds. Shareholders do not have the same regulatory protections associated with registered investment companies. Trading and owning digital assets involves significant risk, including the risk of complete loss. This solution is not available for clients in all jurisdictions. Margin borrowing increases risk and may result in losses greater than the amount invested; you may be required to deposit additional funds or securities on short notice, and Morgan Stanley may liquidate securities in your account to meet a margin call. Lending products are subject to credit approval and other terms and conditions. Morgan Stanley Bitcoin Trust Disclosure Investing in digital assets involves risk, including possible loss of principal. An investment in Morgan Stanley Bitcoin Trust (“MSBT” or the “Trust”) is subject to a high degree of risk and heightened volatility. MSBT is not suitable for any investor that cannot afford loss of the entire investment. Morgan Stanley Investment Management Inc is the Delegated Sponsor and Foreside Fund Services, LLC is the Marketing Agent for MSBT. Foreside Fund Services, LLC, is not affiliated with Morgan Stanley Wealth Management or Galaxy Digital. This information must be preceded or accompanied by a prospectus, click here to view or download prospectus. We advise you to consider the Trust’s objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the Trust. Please read the prospectus carefully before you invest. The Trust is not registered under the Investment Company Act of 1940, as amended (the “40 Act”) and is not subject to regulation under the 40 Act, unlike most mutual funds or ETFs. The Trust may trade at a premium or discount to its net asset value. The Trust is new and has a limited operating history upon which investors may base an evaluation of its likely performance. The value of the Trust relates directly to the value of the underlying digital asset it holds, the value of which is highly volatile and subject to fluctuations due to a number of factors. The Trust relies on third party service providers to perform certain functions essential to the affairs of the Trust. Some of these service providers may not be subject to federal regulation and oversight and the replacement of such service providers could pose a challenge to the safekeeping of the digital asset and to the operations of the Trust. No guarantee or representation is made that the Trust’s investment strategy, including, without limitation, its investment objectives or strategies, will be successful, and investment results may vary substantially over time. Nothing herein is intended to imply that the Trust’s investment methodology or that investing may be considered “conservative,” “safe,” “risk free,” or “risk averse.” This material is not an offer or solicitation of any kind to buy or sell any securities outside of the United States of America. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction. Digital Asset Risk Disclosures Many digital assets, including bitcoin, have experienced significant volatility in trading prices in recent periods and may continue to experience such volatility in the future. Such volatility in digital asset prices could have a material adverse effect on the value of the Trust and the shares could lose all or substantially all of their value. Digital assets represent a new and rapidly evolving industry. The value of the Trust depends, among other things, on the acceptance of the digital assets in general and bitcoin in particular, the capabilities and development of blockchain technologies and the fundamental investment characteristics of bitcoin. Digital asset networks are developed and maintained by a diverse set of contributors and the perception that certain contributors will no longer contribute to the network or may decrease their contributions to, or involvement with the network could have an adverse effect on the market price of the related digital asset. Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets could have an adverse effect on the market price of such digital assets. The Trust holds bitcoin; however, an investment in the Trust is not a direct investment in bitcoin. As a non-diversified and single industry fund, the value of the shares may fluctuate more than shares invested in a broader range of industries. Because the value of the Trust is correlated with the value of bitcoin, it is important to understand the investment attributes of, and the market for, the underlying digital asset (bitcoin). Please consult with your financial professional. A substantial direct investment in digital assets may require expensive and sometimes complicated arrangements in connection with the acquisition, security and safekeeping of the digital asset and may involve the payment of substantial fees to third party service providers through cash payments of U.S. dollars. Regulation of digital assets, including bitcoin, continues to evolve across different jurisdictions worldwide, which may cause uncertainty and insecurity as to the legal and tax status of a given digital asset. As bitcoin and digital assets have grown in both popularity and market size, the U.S. Congress and a number of U.S. federal and state agencies have been examining the operations of digital asset networks, digital asset users and the digital asset spot market. Many of these state and federal agencies have brought enforcement actions and issued advisories and rules relating to digital asset markets. Ongoing and future regulatory actions with respect to digital assets generally or any single digital asset in particular may alter, perhaps to a materially adverse extent, the nature of an investment in the Trust. The Delegated Sponsor does not store, hold, or maintain custody or control of the Trust’s digital assets but instead has entered into Custodial Services Agreements with third parties to facilitate the security of its bitcoin. The Custodians control and secure the Trust’s bitcoin, in segregated custody accounts to store private keys, which allows for the transfer of ownership or control of the Trust’s bitcoin, on the Trust’s behalf. If a Custodian resigns or is removed by the Delegated Sponsor or otherwise, without replacement, it could trigger early termination of the Trust. The net assets of the Trust and its shares are valued on a daily basis with reference to CoinDesk Bitcoin Benchmark Rate, a standardized reference rate published by COINDESK®. COINDESK® and the Trust's applicable reference rate (the "Index") are trade or service marks of CoinDesk Indices, Inc. (with its affiliates, including CC Data Limited, “CDI”), and/or its licensors. CDI or CDI's licensors own all proprietary rights in the Index. CDI is not affiliated with Morgan Stanley Investment Management Inc. and does not approve, endorse, review, or recommend the Trust. CDI does not guarantee the timeliness, accurateness, or completeness of any data or information relating to any Index and shall not be liable in any way to Morgan Stanley Investment Management Inc., investors in or holders of any of the Trust or other third parties in respect of the use or accuracy of any Index or any data included therein. Diversification does not ensure a profit or protect against loss. Before making an investment decision, you should carefully consider the risk factors and other information included in the prospectus. Investors should be aware that investing in MSBT is not equivalent to investing directly in bitcoin. Forward-Looking Statements Certain statements contained herein and in any related materials may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can generally be identified by the use of words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," "target," "will," "would," or similar expressions, or the negative of such terms. These statements are based on current expectations, estimates, assumptions, and projections and are subject to significant risks, uncertainties, and other factors that may cause actual results, performance, or developments to differ materially from those expressed or implied by such statements. Forward-looking statements speak only as of the date on which they are made. The Trust undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law. ©2026 Morgan Stanley Smith Barney LLC. Member SIPC. All rights reserved. View source version on businesswire.com: https://www.businesswire.com/news/home/20260605548390/en/ Media Contacts:
Morgan Stanley Media Contact: Susan Siering, susan.siering@morganstanley.com
Galaxy Media Contact: Michael Wursthorn, media@galaxy.com Original: Morgan Stanley Wealth Management and Galaxy Digital Announce Referral Capability for In-Kind Creation of Spot Crypto ETP Shares

Galaxy Launches Institutional OTC Prediction Markets TradingJune 2, 2026 7:00 AM
PR Newswire (Canada) Galaxy to offer institutional clients sophisticated, multi-asset hedging strategies around event-driven markets; executes $10 million trade with crypto-native hedge fund Arca on Kalshi at launchNEW YORK, June 2, 2026 /CNW/ - Galaxy Digital Inc. (Nasdaq: GLXY) today announced the launch of institutional OTC prediction markets trading through its Global Markets trading desk. With this offering, Galaxy can now enable hedge funds, family offices, and other institutional clients to access prediction market liquidity at sizes and with a level of discretion not available through retail interfaces. The offering covers instruments referencing non-sports event contracts traded on Kalshi and Polymarket — spanning economic, political, geopolitical, and other event-driven markets — with plans to expand to additional platforms. Galaxy can also pair prediction market positions with hedges in equities, commodities, and other assets, giving clients the ability to build complete risk strategies around a single event rather than managing exposure in silos.Galaxy has already put the offering to work, executing a $10 million trade with Arca, a crypto-native hedge fund, on the outcomes associated with the passage of the CLARITY ACT. Galaxy's OTC desk facilitated Arca's trade, enabling them to take a precise position tied directly to the outcome, accessing institutional-scale liquidity and executing the trade efficiently on a bilateral basis."Event-driven markets are becoming core to how sophisticated investors express macro views, and they deserve institutional infrastructure to match," said Jason Urban, Global Co-Head of Digital Assets at Galaxy. "We're giving clients a principal counterparty that can warehouse risk, build hedged strategies across asset classes, and execute at sizes and scale that actually matter to their overall portfolios.""Arca is currently investing in themes closely related to the negotiations in Washington over CLARITY," said Jeff Dorman, Chief Investment Officer at Arca. "Hedging via prediction markets on CLARITY is one of the most appropriate vehicles currently, but prediction markets are currently not a sophisticated institutional market with enough liquidity for a fund of our size. By utilizing the OTC market with Galaxy, we were able to execute a trade that best suits our fund strategy."Galaxy's participation as a principal counterparty has a broader effect on these markets. As institutional capital flows into prediction markets through facilitators like Galaxy, Galaxy believes the prices on these platforms should become more reflective of professional analysis — and more useful as signals for investors, policymakers, and corporates watching the same outcomes.Galaxy conducts this activity solely with institutional counterparties and evaluates offerings on a jurisdiction-by-jurisdiction basis in light of applicable legal and regulatory considerations.About GalaxyGalaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.CAUTION ABOUT FORWARD-LOOKING STATEMENTS 
The information in this document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about onchain business, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to our entry into the predication markets business; (2) changes in applicable laws or regulations; (3) the possibility that we may be adversely affected by other economic, business, and/or competitive factors; (4) changes or events that impact the?cryptocurrency?and AI/HPC industry, including potential regulation, that are out of our control; (5) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (6) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (7) any delay or failure to consummate our business mandates or achieve our business pipeline goals; (8) liquidity or economic conditions impacting our business; (9) technological challenges, cyber incidents or exploits; and (10) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, available at?www.sec.gov.?Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the?digital asset?market or general economic conditions; a delay or failure in developing infrastructure for our business or our businesses achieving our mandates; and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.©Copyright Galaxy Digital 2026. All rights reserved.? View original content to download multimedia:https://www.prnewswire.com/news-releases/galaxy-launches-institutional-otc-prediction-markets-trading-302788206.htmlSOURCE Galaxy Digital Inc. Original: Galaxy Launches Institutional OTC Prediction Markets Trading

Galaxy to Participate in Upcoming Investor and Industry ConferencesMay 21, 2026 4:05 PM
PR Newswire (US) NEW YORK, May 21, 2026 /PRNewswire/ - Galaxy Digital Inc. (NASDAQ: GLXY) ("Galaxy") today announced that Chris Ferraro, President and Chief Investment Officer, will participate in a fireside chat at Piper Sandler's Global Exchange and Fintech Conference on Thursday, June 4, 2026, at 11:30am ET in New York City, at Convene - etc. venues. Chris is expected to discuss key trends shaping the digital asset ecosystem and the rising importance of HPC data centers to meet AI's growing power and compute demands. A link to the live webcast of the presentation will be available on Galaxy's Investor Relations website: https://investor.galaxy.com/. For those unable to listen to the live audio webcast, a replay will be available on Galaxy's Investor Relations website shortly after the event.Galaxy will also be participating in several other upcoming industry conferences.Details of the Events: Event: Benchmark-StoneX Digital Assets Summit
Date: May 27, 2026Event: Goldman Sachs European Financials Conference
Date: June 2, 2026Event: Piper Sandler Global Exchange and Fintech Conference
Date: June 4, 2026Event: Morgan Stanley US Financials Conference
Date: June 9, 2026Event: Macquarie AI Infrastructure Conference
Date: June 10, 2026Event: Rosenblatt Age of AI Conference
Date: June 10, 2026Event: Citizens Digital Infrastructure Forum
Date: June 25, 2026Event: Goldman Sachs 2026 Digital Assets Conference
Date: June 30, 2026About Galaxy
Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.Additional information about Galaxy's businesses and products is available on www.galaxy.com View original content to download multimedia:https://www.prnewswire.com/news-releases/galaxy-to-participate-in-upcoming-investor-and-industry-conferences-302779336.htmlSOURCE Galaxy Digital Inc. Original: Galaxy to Participate in Upcoming Investor and Industry Conferences

Galaxy Digital secures New York BitLicense to expand institutional crypto services (GLXY)May 18, 2026 8:40 AM
IH Market News Galaxy Digital Inc. (NASDAQ:GLXY) said the New York State Department of Financial Services has approved both a BitLicense and a Money Transmission License for its subsidiary GalaxyOne Prime NY, allowing the company to broaden its regulated digital asset operations within New York State. Approval expands regulated services in New York The newly granted licenses enable Galaxy to provide institutional trading and custody services to clients including registered investment advisors, hedge funds and family offices located in New York.Galaxy said it currently oversees approximately $9 billion in client assets through its digital asset operations.The company added that New York now becomes part of a broader regulatory network that includes more than 50 licenses globally.According to Galaxy, the regulatory approval will allow the company to work directly with institutional clients in one of the world’s largest financial markets. CEO highlights growing institutional demand for digital assets “New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge of those allocations,” founder and chief executive Mike Novogratz said.“Galaxy was built to meet that demand, and now we can better serve New York’s institutions directly.” Company continues expanding digital asset and AI infrastructure business Galaxy Digital operates as a global digital assets and data center infrastructure company, offering institutional services across trading, advisory, asset management, staking, self-custody and tokenization technology.The company is also developing infrastructure tied to artificial intelligence and high-performance computing, including a 1.6-gigawatt data center campus in Texas.Galaxy is headquartered in New York City and maintains offices across North America, Europe, the Middle East and Asia.Galaxy Digital Holdings stock price Original: Galaxy Digital secures New York BitLicense to expand institutional crypto services (GLXY)

Galaxy Receives BitLicense from the New York State Department of Financial ServicesMay 18, 2026 7:00 AM
PR Newswire (US) Approval authorizes Galaxy to offer regulated digital asset services to institutions across New York StateNEW YORK, May 18, 2026 /PRNewswire/ - Galaxy Digital Inc. (Nasdaq: GLXY) (the "Company" or "Galaxy"), a global leader in digital assets and data center infrastructure, today announced that the New York State Department of Financial Services (NYDFS) has granted GalaxyOne Prime NY, the Galaxy entity that will serve New York clients, a BitLicense and Money Transmission License, authorizing the Company to offer regulated digital asset services to institutions across the state. New York joins Galaxy's regulatory footprint of more than 50 global licenses. Institutions in the state — including registered investment advisors, hedge funds, and family offices — can now access Galaxy's full suite of trading and custody services, backed by a digital asset business managing $9 billion in client assets."New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge of those allocations," said Mike Novogratz, Founder and CEO of Galaxy. "Galaxy was built to meet that demand, and now we can better serve New York's institutions directly."About Galaxy
Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.CAUTION ABOUT FORWARD-LOOKING STATEMENTSThis press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and "forward-looking information" under Canadian securities laws. Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including, but not limited to, the risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Report on Form 10-Q for the period ended March 31, 2026, and available on Galaxy's profile at www.sec.gov. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements. ©Copyright Galaxy Digital 2026. All rights reserved. View original content to download multimedia:https://www.prnewswire.com/news-releases/galaxy-receives-bitlicense-from-the-new-york-state-department-of-financial-services-302774358.htmlSOURCE Galaxy Digital Inc. Original: Galaxy Receives BitLicense from the New York State Department of Financial Services

10-Q out.

https://investorshub.advfn.com/stock-market/NASDAQ/galaxy-digital-GLXY/stock-news/98373778/galaxy-announces-first-quarter-2026-financial-resu

Also,

https://www.theblock.co/post/399181/galaxy-216-million-q1-loss-crypto-transition-year-novogratz-bullish-data-centers

Galaxy Announces First Quarter 2026 Financial ResultsApril 28, 2026 7:00 AM
PR Newswire (US)

NEW YORK, April 28, 2026 /PRNewswire/ - Galaxy Digital Inc. (Nasdaq: GLXY) (the "Company" or "GDI") today released financial results for the three months ended March 31, 2026. In this press release, a reference to "Galaxy," "we," "our" and similar words refers to GDI, its subsidiaries and affiliates, and, prior to the Reorganization Transactions, refers to Galaxy Digital Holdings LP (the "Partnership" or "GDH LP"), its subsidiaries and affiliates, or any one of them, as the context requires.1— Financial HighlightsQ1 2026 net loss of $(216) million and diluted and adjusted EPS of $(0.49), driven primarily by the depreciation of digital asset prices in the quarter.2Q1 2026 adjusted gross loss of $(88) million and adjusted EBITDA of $(188) million.2 Total equity of $2.8 billion and cash and stablecoins holdings of $2.6 billion as of March 31, 2026.— Corporate UpdatesGalaxy successfully delivered the first data hall to CoreWeave at the Helios data center campus, marking the transition from construction to revenue-generating operations under the Phase I lease agreement, and remains on budget and on schedule to deliver substantially all 133 megawatts of critical IT by the end of Q2 2026.3Galaxy received ERCOT approval for an additional 830 megawatts of power capacity at the Helios campus, doubling total approved capacity to over 1.6 gigawatts.During the quarter, Galaxy repurchased 3.2 million shares of its Class A common stock for $65 million under its previously announced share repurchase program, more than offsetting dilution relating to the Company's 2025 employee stock-based compensation issuances.Galaxy completed its voluntary delisting from the Toronto Stock Exchange, consolidating its public listing on Nasdaq as its sole exchange.





SELECT FINANCIAL METRICSQ1 2026
Q4 2025
Q/Q % Change

Total Assets          $9,992M
         $11,348M
(12) %

Total Equity          $2,779M
          $3,035M
(8) %

Cash & Stablecoins4          $2,605M
          $2,606M
— %

Net Digital Assets and Investments5          $1,362M
          $1,678M
(19) %

Net Income / (Loss)          ($216M)
          ($482M)
N.M.

Adjusted EBITDA2          ($188M)
          ($518M)
N.M.

Note: Throughout this document, totals may not sum due to rounding. Percentage change calculations are based on unrounded results. N.M. is the abbreviation for "Not Meaningful".(1) On May 13, 2025, the Company, Galaxy Digital Holdings Ltd. and GDH LP consummated a series of transactions resulting in the reorganization of the Company's corporate structure (the "Reorganization Transactions").(2) Adjusted EPS, Adjusted Gross Profit and Adjusted EBITDA are non-GAAP financial measures. Refer to pages 10 through 12 for more information and a non-GAAP to GAAP reconciliation to the most directly comparable GAAP measure.(3) Delivery of first data hall occurred in April 2026. (4) Includes $911M in Cash and Cash Equivalents and $1,694M in Stablecoins as of Q1 2026 and $1,246M in Cash and Cash Equivalents and $1,360M in Stablecoins as of Q4 2025.(5) Refer to page 5 of this release for a breakout of Galaxy's Treasury & Corporate net digital asset and investment exposure. — Galaxy Financial SnapshotGalaxy reported a net loss of $(216) million for Q1 2026 and diluted and adjusted EPS of $(0.49), driven primarily by the depreciation of digital asset prices, with total crypto market capitalization decreasing by approximately 20% in the quarter.1 Digital Assets generated adjusted gross profit of $49 million and adjusted EBITDA of $(19) million. Despite the pullback in digital asset prices and activity, adjusted gross profit remained broadly stable, reflecting a shift in the business mix as recurring fee revenue and transaction income continue to scale and provide greater resilience in softer market conditions. Disciplined expense management during the quarter helped narrow the adjusted EBITDA loss, underscoring a focus on operating efficiency in more challenging environments.Galaxy expects Data Centers adjusted gross profit and adjusted EBITDA to begin ramping in Q2 2026, following the start of revenue recognition in April 2026 with the delivery of the first data hall to CoreWeave under the Phase I lease agreement.Treasury & Corporate generated adjusted gross loss of $(140) million and adjusted EBITDA of $(167) million, driven primarily by unrealized losses on digital assets and investments positions.1






GAAP Revenues and Transaction ExpensesQ1 2026Q4 2025
Q/Q % ChangeGross Revenues & Gains/(Losses) from Operations              $10,213M             $10,224M
— %Gross Transaction Expenses              $10,017M             $10,306M
(3) %











Segment Reporting BreakdownQ1 2026Q4 2025
Q/Q % ChangeDigital Assets Adjusted Gross Profit1                   $49M                  $51M
(4) %Digital Assets Adjusted EBITDA1                 ($19M)                ($29M)
N.M.




Data Centers Adjusted Gross Profit1                  $3.1M                 $4.6M
(33) %Data Centers Adjusted EBITDA1                 ($0.9M)                 $0.3M
N.M.




Treasury & Corporate Adjusted Gross Profit1                ($140M)               ($454M)
N.M.Treasury & Corporate Adjusted EBITDA1                ($167M)               ($488M)
N.M.




Adjusted Gross Profit1                 ($88M)               ($398M)
N.M.Adjusted EBITDA1                ($188M)               ($518M)
N.M.






Net Income                 ($216M)               ($482M)
N.M.Note: Throughout this document, totals may not sum due to rounding. Percentage change calculations are based on unrounded results. N.M. is the abbreviation for "Not Meaningful".(1) Adjusted EPS, Adjusted Gross Profit and Adjusted EBITDA are non-GAAP financial measures. Please see Non-GAAP Financial Measures below for further information. Refer to pages 10 through 12 for more information and a non-GAAP to GAAP reconciliation to the most directly comparable GAAP measure.— Digital AssetsGlobal MarketsGlobal Markets reported adjusted gross profit of $31 million in the first quarter.1Galaxy's digital asset trading volumes remained flat quarter-over-quarter despite industry-wide digital asset trading volumes declining sharply over the same period.2Average loan book size of $1.4 billion declined 20% compared to the prior quarter, driven by digital asset price depreciation and client deleveraging amidst a volatile market backdrop.






KEY PERFORMANCE INDICATORSQ1 2026Q4 2025Q/Q % Change

Global Markets Adjusted Gross Profit1               $31M            $30M 3 %

Loan Book Size (Average)            $1,427M         $1,795M (20) %

Total Trading Counterparties1,6911,6204 %

Global Markets Adjusted Gross Profit: Gross Profit from Galaxy trading activity, net of transaction expenses, and fee revenue associated with the Investment Banking business. Loan Book Size (Average): Average market value of all open loans, excluding uncommitted credit facilities.Asset Management & Infrastructure SolutionsAsset Management & Infrastructure Solutions generated $18 million of adjusted gross profit in Q1 2026.1Galaxy ended Q1 with approximately $5.0 billion in assets under management and $3.2 billion in assets under stake. Total assets declined QoQ, driven primarily by the depreciation of digital asset prices during the period.3Asset Management generated $69 million of net inflows during the quarter, demonstrating continued organic growth despite a 20% decline in digital asset prices.Subsequent to quarter end, BlackRock selected Galaxy as an approved validator to power staking for the iShares Staked Ethereum Trust ETF, BlackRock's first rewards-generating crypto ETP.Subsequent to quarter end, Galaxy announced a new Fintech-focused hedge fund targeting the convergence of traditional finance, blockchain infrastructure, and emerging technologies, expected to launch on May 1, 2026.






KEY PERFORMANCE INDICATORS
Q1 2026Q4 2025
Q/Q % Change

Asset Management & Infrastructure Solutions Adjusted Gross Profit1
           $18M            $21M (14) %

ETFs
        $2,190M         $2,839M (23) %

Alternatives
        $2,757M         $3,582M (23) %

Assets Under Stake
        $3,215M         $4,976M (35) %

All figures are unaudited. ETFs: Include assets in Galaxy-sponsored and sub-advised exchange-traded funds, including seed investments by affiliates, based on prices as of the end of the specified period. ETF assets include both Galaxy balance sheet and third-party assets. Changes in ETF assets are generally the result of performance, inflows/outflows, and market movements. Alternatives: Includes committed capital closed-end vehicles, fund of fund products, engagements to unwind portfolios, affiliated and unaffiliated separately managed accounts, and seed investments by affiliates, based on prices as of the end of the specified period. For committed capital closed-end vehicles that have completed their investment period, Alternatives are reported as Net Asset Value ("NAV") plus unfunded commitments. Alternatives for quarterly close vehicles are reported as of the most recent quarter available for the applicable period. Assets Under Stake: Represents the total notional value of assets bonded to Galaxy validators, based on prices as of the end of the specified period. These figures include both Galaxy balance sheet and third-party assets. Note: As of Q1 2026, $1.1B of assets are captured within both Assets Under Stake and Alternatives.








(1) Adjusted Gross Profit is a non-GAAP financial measure. Refer to page 10 for more information and a reconciliation to the most directly comparable GAAP measure. (2) Source: The Block. Industry-wide trading volumes defined as spot cryptocurrency monthly exchange volumes, BTC futures, BTC options, and ETH options volumes. (3) Assumes prices for relevant cryptocurrencies as of 3/31/2026.— Data CentersHelios Data Center Campus: Galaxy delivered the first data hall to CoreWeave and remains on budget and on schedule to deliver substantially all 133 megawatts of critical IT load under the Phase I lease agreement by the end of Q2 2026.1Greenfield development for the 260 megawatt Phase II build is underway, with civil and structural work advancing. Phase II data hall deliveries are expected to commence in the first half of 2027.Galaxy received ERCOT approval for an additional 830 megawatts of power capacity during the quarter, bringing total approved capacity at Helios to over 1.6 gigawatts. The Company continues to progress in its discussions with potential tenants for the incremental capacity, supported by robust demand for large-scale power capacity.









The Helios Campus

CoreWeave Leases (Phases I+II+III)





1.63GW

800MW526MW15 Years

Total Approved Gross Power Capacity

Gross Power Capacity Critical IT LoadBase Lease Term + Two 5-Year Extension Options

1,500+


Q2 2026$1B+90 %

Campus Acreage

Phase I Rent
Commencement Date Anticipated Average Annual Revenue2Anticipated Average Lease-
Level EBITDA Margins2









(1) Delivery of first data hall occurred in April 2026. (2) Based on committed contractual terms, internal estimates for capital expenditures. Reflects anticipated average annual revenue across the full 526MW of contracted critical IT load over the lease term. Actual results may differ materially due to business, economic and competitive uncertainties and contingencies, which are beyond the control of the Company and its management and subject to change.Galaxy's Helios Data Center campus under construction for Phase I, April 2026. — Balance SheetEquity CapitalAs of March 31, 2026, Galaxy had $2.8 billion in equity capital, up 46% YoY.Below is a breakout of how the Company's equity capital is allocated across its Digital Assets, Data Centers and Treasury & Corporate segments.





$2.8 billion of equity capital across three segments:

~33%~28%~39%

Digital AssetsData CentersTreasury & Corporate
Treasury & Corporate Net Digital Asset and Investment ExposureThe Company's Treasury & Corporate segment maintains exposure to the digital asset ecosystem through a diversified allocation across spot positions, derivatives, ETFs, equities, venture investments, private equity holdings and fund investments.The below pie chart is representative of the Treasury & Corporate segment's net digital asset and investment exposure as of March 31, 2026. (1) Includes spot BTC, BTC derivatives, short and other hedge positions, associated tokens such as wrapped BTC, and interests in investment vehicles designed to hold BTC.(2) Includes spot SOL, SOL derivatives, short and other hedge positions,  associated tokens such as wrapped SOL, and interests in investment vehicles designed to hold SOL, including Galaxy's investment in Forward Industries.  (3) Includes spot ETH, ETH derivatives, short and other hedge positions, associated tokens such as wrapped ETH, and interests in investment vehicles designed to hold ETH.(4) Represents spot and interests in investment vehicles that provide exposure to other digital assets.(5) Includes publicly traded securities, including those subject to a short-term lock-up.Earnings Conference CallAn investor conference call will be held today, April 28, 2026, at 8:30 AM Eastern Time. A live webcast will be available at https://investor.galaxy.com/, on the Company's YouTube channel and through the Company's X profile (@GalaxyDigitalHQ). A replay of the webcast will be available and can be accessed in the same manner as the live webcast on the Company's Investor Relations website. Through June 1, 2026, the recording will also be available by dialing 1-844-512-2921, or 1-412-317-6671 (outside the U.S. and Canada) and using the passcode: 18446.About Galaxy Digital Inc. (Nasdaq: GLXY) Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This press release and the accompanying conference call may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including, without limitation, statements about Galaxy's business plans and goals, including with respect to the Helios Data Center, the Fintech-focused hedge fund,  future reporting measures and business strategy are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) the inability to maintain Nasdaq's listing standards; (2) costs related to AI/HPC plans, transactions, operations and strategy; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (6) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (7) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (8) the possibility that there is a disruption or change in power dynamics impacting our results or current or future load capacity; (9) any delay or failure to consummate our business mandates or achieve our pipeline goals; (10) technological challenges, cyber incidents or exploits; (11) risks related to retrofitting our existing facility from mining to AI/HPC infrastructure, including the timing of construction and its impact on lease revenue; (12) any inability or difficulty in obtaining additional financing for AI/HPC infrastructure needs on acceptable terms or at all; (13) changes to the AI/HPC infrastructure needs and their impact on future plans at the Helios campus; (14) any delay in, or failure to close, the acquisition of the additional land and power adjacent to the Helios campus currently under contract; (15) risks associated with the leasing business, including those associated with counterparties; (16) risks associated with our GalaxyOne platform; and (17) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 26, 2026 and available on Galaxy's profile at www.sec.gov (our "Form 10-K"), as such factors may be updated from time to time in its filings with the SEC, including without limitation, its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.This press release and our earnings call contain certain preliminary information about our performance in the first quarter of 2026. This information is preliminary and represents the most current information available to management. The Company's actual consolidated financial statements may differ materially as a result of the completion of normal quarterly accounting procedures and adjustments or due to other risks contained in our Form 10-K. Although the Company believes the expectations reflected in this press release are based upon reasonable assumptions, the Company can give no assurance that actual results will not differ materially from these expectations.Non-GAAP Financial Measures In addition to our results determined in accordance with GAAP, this press release and the accompanying tables contain adjusted gross profit, adjusted EBITDA, and adjusted EPS, which are non-GAAP financial measures. Adjusted gross profit, adjusted EBITDA, and adjusted EPS are unaudited, presented as supplemental disclosure and should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.Please see pages 10 - 12 for a reconciliation of (i) adjusted gross profit to revenues and gains / (losses) from operations (including for our individual segments) during the three months ended March 31, 2026 and 2025, (ii) adjusted EBITDA to net income (loss) (including for our individual segments) during the three months ended March 31, 2026 and 2025 and (iii) adjusted EPS to diluted EPS for the three months ended March 31, 2026 and 2025.It is important to note that the particular items we exclude from, or include in, adjusted gross profit, adjusted EBITDA, and adjusted EPS may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry. We also periodically review our non-GAAP financial measures and may revise these measures to reflect changes in our business or otherwise.We believe adjusted gross profit is a helpful non-GAAP financial measure to our management and investors because it eliminates the impact of the directly attributable transaction expenses. As such, it provides useful information about our financial performance, enhances the overall understanding of our past performance and future prospects, allows for greater transparency with respect to important metrics used by our management for financial, risk management and operational decision-making and provides an additional tool for investors to use to understand and compare our operating results across accounting periods.Adjusted EBITDA is a non-GAAP financial measure that is used by management, in addition to GAAP financial measures, to understand and compare our operating results across accounting periods, for risk management and operational decision-making. This non-GAAP measure provides investors with additional information in evaluating the Company's operating performance. Adjusted EBITDA represents Net income / (loss) excluding (i) equity based compensation, (ii) notes interest expense, (iii) taxes, (iv) depreciation and amortization expense, (v) gains and losses on the embedded derivative on our Exchangeable Notes which ceased to exist upon consolidation as a result of the Reorganization Transactions, (vi) mining-related impairment loss / loss on disposal of mining equipment, and (vii) other discrete items which are not individually significant that we believe are not indicative of our ongoing results.The above items are excluded from our Adjusted EBITDA because these items are non-cash in nature, or because the amount and timing of these items are unpredictable, are not driven by core results of operations, and render comparisons with prior periods and competitors less meaningful.Adjusted EPS is defined as diluted EPS assuming all outstanding noncontrolling interest holders exchanged their LP units in GDH LP for Class A common stock of the Company. This non-GAAP financial measure is commonly used as an analytical indicator of performance by investors within the industries in which we operate. Adjusted EPS should not be considered in isolation or as an alternative to or a substitute for financial statement data presented in Galaxy's Digital's consolidated financial statements as indicators of financial performance.Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.© Copyright Galaxy Digital 2026. All rights reserved.Galaxy Digital Inc.'s Consolidated Statements of Financial Position (unaudited)(in thousands)March31, 2026
December31, 2025Assets


Current assets


Cash and cash equivalents$         910,691
$       1,246,240Digital intangible assets (includes $1,859.8 and $2,717.4 million measured at fair value)2,739,659
3,526,216Digital financial assets921,017
988,621Digital assets loan receivable, net of allowance664,714
1,070,029Investments623,592
709,069Assets posted as collateral, net of allowance173,732
199,983Derivative assets86,234
83,807Accounts receivable (includes $4.2 and $3.4 million due from related parties)103,192
34,012Digital assets receivable2,797
3,778Loans receivable, net of allowance627,604
554,449Prepaid expenses and other assets87,382
99,734Total current assets6,940,614
8,515,938Non-current assets


Digital assets receivable2,256
4,719Digital assets loan receivable, net of allowance, non-current5,425
8,900Investments (includes $729.1 and $864.0 million measured at fair value)875,076
1,023,236Digital intangible assets12,943
26,824Loans receivable, net of allowance, non-current7,050
2,553Property and equipment, net1,777,852
1,423,113Other non-current assets304,242
276,275Goodwill66,523
66,523Total non-current assets3,051,367
2,832,143Total assets$       9,991,981
$     11,348,081Liabilities and Equity


Current liabilities


Derivative liabilities99,253
40,482Accounts payable and accrued liabilities (includes $0.0 and $96.9 million due to related parties)269,979
277,663Digital assets borrowed1,441,951
2,361,161Payable to customers82,803
85,808Loans payable84,542
52,626Collateral payable1,550,976
1,980,171Notes payable - current432,728
428,545Other current liabilities122,661
85,062Total current liabilities4,084,893
5,311,518Non-current liabilities


Notes payable2,625,698
2,432,510Digital assets borrowed - non-current55,361
56,107Other non-current liabilities (includes $71.4 and $72.3 million due to related parties)447,414
513,169Total non-current liabilities3,128,473
3,001,786Total liabilities7,213,366
8,313,304Equity


Class A common stock, $0.001 par value; 2,000,000,000 shares authorized and 191,850,792 issued and outstanding191
192Convertible Class B common stock,$0.0000000001 par value; 500,000,000 shares authorized and 198,408,277 issued and outstanding—
—Additional Paid in Capital1,560,548
1,614,660Accumulated other comprehensive income (loss)201
(2,038)Retained Earnings250,767
342,921Total stockholders' equity(1)1,811,707
1,955,735Noncontrolling interest966,908
1,079,042Total equity 2,778,615
3,034,777Total liabilities and equity$       9,991,981
$     11,348,081(1) For periods prior to the Reorganization Transactions, represents total GDH LP Unit Holders' Capital.Galaxy Digital Inc.'s Consolidated Statements of Operations (unaudited)


Three Months Ended(in thousands)

March 31, 2026
March 31, 2025





Revenues

$     10,041,444
$     12,976,206Gains / (losses) from operations

171,781
(120,331)Revenues and gains / (losses) from operations

10,213,225
12,855,875Operating expenses:




Transaction expenses

10,016,745
12,947,010Impairment of digital assets

284,402
112,429Compensation and benefits

83,548
56,953General and administrative

20,421
86,575Technology

14,763
9,887Professional fees

11,031
20,772Notes interest expense

17,576
14,071Total operating expenses

10,448,486
13,247,697Other income / (expense):




Unrealized gain / (loss) on notes payable - derivative

—
89,606Other income / (expense), net

704
672Total other income / (expense)

704
90,278Net income / (loss) before taxes

(234,557)
(301,544)Income taxes expense / (benefit)

(18,246)
(6,112)Net income / (loss)

$        (216,311)
$        (295,432)Other comprehensive income (loss), net of tax




Change in fair value of cash flow hedges

4,550
—Other comprehensive income (loss)

4,550
—Comprehensive income (loss)

$        (211,761)
$        (295,432)Comprehensive income / (loss) attributed to:




Class B Unit holders of GDH LP

—
(185,490)Noncontrolling interests

(121,845)
—Class A common stockholders of the Company(1)

$         (89,916)
$        (109,942)





Net income / (loss) per share of Class A common stock (2)




Net income (loss) used in calculation of net income / (loss) per share of Class A common stock (2)

$         (92,154)
$        (109,942)  Basic

$            (0.48)
$            (0.86)  Diluted

$            (0.49)
$            (0.86)Weighted average shares outstanding used to compute net income / (loss) per share(3)




  Basic

192,074,376
127,863,254  Diluted

390,482,653
127,863,254(1) For periods prior to the Reorganization Transactions, represents net income / (loss) attributable to Class A Units ofGDH LP
(2) For periods prior to the Reorganization Transactions, represents net income / (loss) per Class A Unit ofGDH LP
(3) For periods prior to the Reorganization Transactions, represents weighted average Class A Units of GDH LP used to calculate net income / (loss) per unitOwnership of GDH LP Limited Partnership Interests

March 31, 2026
December31, 2025

Ownership
% interest
Ownership
% interestGalaxy Digital Inc
191,850,792
49.2 %
192,695,681
49.3 %Noncontrolling interests
198,408,277
50.8 %
198,408,277
50.7 %Total
390,259,069
100.0 %
391,103,958
100.0 %Reconciliation of Revenue and Gains/(Losses) from OperationsThe following table reconciles Revenues and gains / (losses) from operations to adjusted gross profit for the three months ended March 31, 2026 and March 31, 2025:

Three Months Ended March 31, 2026(in thousands)
Digital Assets
Data Centers
Treasury and
Corporate
TotalRevenues and gains / (losses) from operations
$     10,348,833
$            3,050
$        (138,658)
$    10,213,225Less: Transaction expenses
10,015,414
—
1,331
10,016,745Less: Impairment of digital assets
284,402
—
—
284,402Adjusted gross profit
$          49,017
$            3,050
$        (139,989)
$        (87,922)

Three Months Ended March 31, 2025(in thousands)
Digital Assets
Data Centers
Treasury and
Corporate
TotalRevenues and gains / (losses) from operations
$     13,063,899
$               —
$        (208,024)
$    12,855,875Less: Transaction expenses
12,920,860
—
26,150
12,947,010Less: Impairment of digital assets
78,308
—
34,121
112,429Adjusted gross profit
$          64,731
$               —
$        (268,295)
$       (203,564)Reconciliation of Adjusted EBITDAThe following table reconciles the Company's adjusted EBITDA figures to net income for the three months ended March 31, 2026 and March 31, 2025:(in thousands)
Digital Assets
Data Centers
Treasury and
Corporate
Three Months
Ended March
31, 2026Net income / (loss)
$     (34,304)
$      (1,547)
$   (180,460)
$   (216,311)Add back:







Equity based compensation and related expense
10,971
637
6,491
18,099Notes interest expense and other expense
—
—
17,576
17,576Taxes
—
—
(18,246)
(18,246)Depreciation and amortization expense
3,164
—
2,675
5,839Other (1)
808
—
4,698
5,506Adjusted EBITDA
$     (19,361)
$        (910)
$   (167,266)
$   (187,537)(in thousands)
Digital Assets
Data Centers
Treasury and
Corporate
Three Months
Ended March
31, 2025Net income / (loss)
$       3,529
$      (2,899)
$   (296,062)
$   (295,432)Add back:







Equity based compensation and related expense
5,942
471
3,601
10,014Notes interest expense and other expense
—
—
16,269
16,269Taxes
—
—
(6,112)
(6,112)Depreciation and amortization expense
3,555
1,251
7,807
12,613Mining related impairment loss / loss on disposal
—
—
57,014
57,014Unrealized (gain) / loss on notes payable – derivative
—
—
(89,606)
(89,606)Other (1)
—
—
5,724
5,724Adjusted EBITDA
$      13,026
$      (1,177)
$   (301,365)
$   (289,516)(1) Includes non-operating income and expenses, as well as other discrete items not indicative of ongoing operating performance, none of which were individually significant.Reconciliation of Adjusted Income (Loss) per ShareThe adjusted income (loss) per share represents the diluted income (loss) per Class A common stock assuming all outstanding noncontrolling interest holders exchanged their LP units in GDH LP for Class A common stock of the Company. In periods where the noncontrolling interest is already included in the GAAP diluted income (loss) per share, the adjusted income (loss) per share is identical to the GAAP income (loss) per share. Prior to the Reorganization Transactions, the noncontrolling interest were represented by Class B Units of Galaxy Digital Holdings LP.The following table reconciles the Company's adjusted income (loss) per share figures to diluted and basic income (loss) per share for the three months ended March 31, 2026 and March 31, 2025:


 Three Months Ended(in thousands, except for share data and per share amounts)

March 31, 2026
March 31, 2025Net income (loss) to Class A common stockholders

$           (92,154)
$         (109,942)Weighted-average Class A common stock outstanding

192,074,376
127,863,254





Basic earnings (loss) per share

$             (0.48)
$              (0.86)





Numerator adjustments:




  Net income (loss) attributable to Class A common stockholders — basic

$           (92,154)
$         (109,942)  Add: Income (loss) attributable to Noncontrolling interests — net of tax

(98,945)
—  Net income (loss) to Class A — diluted

(191,099)
(109,942)





Denominator adjustments:




  Weighted average Class A common stock outstanding — basic

192,074,376
127,863,254  Add: Noncontrolling interest share exchange

198,408,277
—  Weighted average shares outstanding — diluted

390,482,653
127,863,254





Diluted earnings (loss) per share

$             (0.49)
$              (0.86)





Net income used to calculate diluted EPS

$         (191,099)
$         (109,942)Noncontrolling interest not included in diluted EPS numerator

—
(185,490)Net income used to calculate adjusted income (loss) per share

$         (191,099)
$         (295,432)





Weighted average number of Class A Common Stock shares for the purposes of diluted income (loss) per share

390,482,653
127,863,254Additional noncontrolling interest weighted average shares outstanding

—
215,862,343Weighted average number of Class A Common Stock shares for the purposes of Adjusted income (loss) per share

390,482,653
343,725,597





Adjusted income (loss) per share

$             (0.49)
$              (0.86)All figures are in U.S. Dollars unless otherwise noted.










View original content to download multimedia:https://www.prnewswire.com/news-releases/galaxy-announces-first-quarter-2026-financial-results-302755260.htmlSOURCE Galaxy Digital Inc.

Original: Galaxy Announces First Quarter 2026 Financial Results

Broadridge Live with On-Chain Governance for Tokenized Equities, Extending Market Infrastructure into Digital AssetsApril 6, 2026 7:00 AM
PR Newswire (US)

Galaxy pioneers full ownership rights across traditional and tokenized holdings NEW YORK, April 6, 2026 /PRNewswire/ -- Broadridge Financial Solutions Inc. (NYSE: BR) today announced the extension of its governance platform to support digital assets. This new capability enables public companies and funds, broker-dealers and wealth managers, and retail and institutional investors to manage proxy voting, corporate actions, and disclosures across both traditional and tokenized securities within their existing platforms and workflows. This new tokenized equity capability complements Broadridge's market-leading tokenization capabilities, which already process $8 trillion in tokenized assets per month. As tokenization gains momentum across financial services, Broadridge is delivering the critical governance infrastructure necessary to support digital asset adoption and growth at scale.







Galaxy (NASDAQ: GLXY), the first U.S. public company to issue native tokenized equity on a major public blockchain, will utilize Broadridge's platform for its upcoming annual meeting and shareholder vote in May, marking a significant step in the adoption of digital assets within public markets."We've long believed that tokenization will reshape capital markets, and this is a meaningful step towards a tokenized equity market," said Mike Novogratz, Founder and CEO of Galaxy. "Proxy voting is a core feature of equity ownership and bringing proxy voting on-chain for a public company is not theoretical anymore. With Broadridge, we're combining the credibility of traditional market infrastructure with the advantages of blockchain to deliver a more efficient model for shareholders.""Ensuring accurate, scalable, and cost-effective governance has never been more critical to supporting the growth of tokenized equities," said Tim Gokey, CEO of Broadridge. "Today's announcement highlights Broadridge's unmatched ability to support market leaders like Galaxy with innovative solutions that support their tokenization roadmap. It also marks another step towards our goal of extending our leading tokenization capabilities with a suite of solutions across investor communications, proxy voting and trading."The platform introduces corporate actions for tokenized assets, starting with proxy voting, which will be recorded on Broadridge's Avalanche based L1 and then distributed across multiple blockchains. Integrating Broadridge's ProxyVote platform into digital wallets, investors can receive materials, confirm their holdings and submit votes, all with a transparent and verifiable record.To simplify the annual meeting process for public companies issuing tokenized shares alongside traditional shares, Broadridge's solution consolidates voting across registered, beneficial, and tokenized holdings into a single view for issuers. This "single pane of glass" approach removes fragmentation and enables consistent oversight of governance activity regardless of how assets are held. The platform is designed to support all forms of tokenization, including both issued-sponsored tokenized securities and third party-sponsored tokenized securities, ensuring compatibility with evolving market models.Today's announcement underscores Broadridge's commitment to accelerating the adoption of digital assets across the financial services landscape. Building on its industry-leading role in tokenizing US$8 Trillion in assets per month, Broadridge also enables on-chain proxy voting and governance, digital asset post-trade infrastructure, and the scaling of digital asset capabilities across multiple asset classes. Through these innovations, Broadridge is helping traditional financial institutions unlock the next era of digital asset investing.About BroadridgeBroadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.For more information about us, please visit www.broadridge.comBroadridge Contacts:Investors: 
broadridgeir@broadridge.com                                                       Media:
Linda.Namias@broadridge.com



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Original: Broadridge Live with On-Chain Governance for Tokenized Equities, Extending Market Infrastructure into Digital Assets

Galaxy to Voluntarily Delist from the TSX in Favor of its Current Nasdaq ListingMarch 3, 2026 7:00 AM
PR Newswire (US)

NEW YORK, March 3, 2026 /PRNewswire/ - Galaxy Digital Inc. ("Galaxy" or the "Company") (Nasdaq: GLXY) (TSX: GLXY) announces that its board of directors (the "Board") has approved the voluntary delisting of the Company's Class A common stock from the Toronto Stock Exchange (the "TSX") (the "Delisting"). It is expected that Galaxy's Class A common stock will be delisted from the TSX effective as of close of markets on March 19, 2026 (the "Delisting Effective Time"). Galaxy's Class A common stock will continue to be listed and trade on the Nasdaq Stock Market ("Nasdaq") under the symbol "GLXY."







With the majority of its average daily trading volume executed on Nasdaq or other U.S. markets, the Board concluded that it would be most efficient to operate maintaining its listing solely within Nasdaq, and to delist from the TSX given the additional associated expenses and administrative requirements. The Company is not required to seek security holder approval for the Delisting since an alternative market for Galaxy's Class A common stock exists on Nasdaq.Galaxy's previously announced normal course issuer bid for Class A common stock through the facilities of the TSX and alternative Canadian Trading Systems will terminate on the Delisting Effective Time. Repurchases of the Class A common stock through Nasdaq may continue to be made in the normal course, in accordance with applicable securities law, and will not exceed 5% of the outstanding Class A common stock at any time or within a twelve-month period.Galaxy will remain a "reporting issuer" in Canada and will continue to provide regular comprehensive disclosure pursuant to applicable Canadian securities laws.Many brokers in Canada, including discount and online brokers, have the ability to buy and sell securities listed on Nasdaq. Stockholders holding Galaxy's Class A common stock in Canadian brokerage accounts should contact their brokers to confirm how to trade their Class A common stock on Nasdaq.ABOUT GALAXY DIGITAL INC.Galaxy Digital Inc. (Nasdaq/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting- edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.FORWARD-LOOKING STATEMENTSThis press release includes forward-looking statements, including statements regarding the termination of the Company's normal course issuer bid and the expected effective date therefor. Forward-looking statements represent the Company's current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the trading price and volatility of common stock, the satisfaction of the closing conditions related to the offering and risks relating to the Company's business, including those described in periodic reports that the Company files from time to time with the SEC. The Company may not proceed with the Delisting as described in this press release on a timely basis if at all. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.OTHER DISCLAIMERSThe TSX has neither approved nor disapproved the contents of this press release.



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Original: Galaxy to Voluntarily Delist from the TSX in Favor of its Current Nasdaq Listing

/C O R R E C T I O N -- Galaxy Digital Inc./February 9, 2026 4:47 PM
PR Newswire (US)

In the news release, Galaxy Announces TSX Approval of Normal Course Issuer Bid for Class A Common Stock, issued 09-Feb-2026 by Galaxy Digital Inc. over PR Newswire, we are advised by the company that the original version contained incorrect information introduced by PR Newswire during transmission. The complete, corrected release follows, with additional details at the end:
Galaxy Announces TSX Approval of Normal Course Issuer Bid for Class A Common Stock
NEW YORK, Feb. 9, 2026 /PRNewswire/ - Galaxy Digital Inc. (Nasdaq: GLXY) (TSX: GLXY) ("Galaxy" or the "Company") announces today that, in connection with the up to $200 million share repurchase program approved by the Board of Directors on February 6, 2026, the Toronto Stock Exchange (the "TSX") has accepted the Company's Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB").







The notice provides that Galaxy may, pursuant to the NCIB, during the twelve month period commencing February 12, 2026 and ending no later than February 11, 2027, purchase for cancellation through the facilities of the TSX, alternative Canadian Trading Systems or Nasdaq Global Select Market ("Nasdaq") up to an aggregate of 14,798,021 Class A common stock in the capital of the Company ("Class A common stock"), representing approximately 10% of the public float (as defined in the rules and policies of the TSX) of the Class A common stock as of January 31, 2026. Purchases of the Class A common stock through the Nasdaq will be made in the normal course and will not exceed 5% of the outstanding Class A common stock at any time or within a twelve-month period.The NCIB will commence on February 12, 2026 and terminate February 11, 2027, or earlier if the maximum number of Class A common stock under the NCIB have been purchased or if the NCIB has been terminated by the Company. As of January 31, 2026, the Company had 192,701,065 Class A common stock issued and outstanding and a public float of 147,980,210 Class A common stock.Under the NCIB, other than purchases made under a block purchase exception in accordance with the rules and policies of the TSX, the Company may acquire, from time to time, up to 284,225 Class A common stock per day on the TSX, being 25% of the average daily trading volume of the Class A common stock for the period from August 1, 2025 to January 31, 2026, which was 1,136,902 Class A common stock. The maximum number of Class A common stock which may be purchased per day on the Nasdaq will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases. The Company has not purchased Class A common stock under a NCIB within the past twelve months.Under the NCIB, purchases will be made at prevailing market prices or such other prices as permitted under the rules and policies of the TSX and the Nasdaq, as applicable, and applicable securities laws. The Company may rely on an automatic purchase plan during the NCIB. The automatic purchase plan would allow for purchases by the Company of Class A common stock during certain predetermined blackout periods, subject to certain parameters and approval of the TSX. All Class A common stock purchased by the Company under the NCIB will be cancelled. Repurchases will be subject to compliance with applicable Canadian securities laws and United States federal securities laws.Galaxy believes that when a disconnect exists between the share price and the intrinsic value of the business, an NCIB can increase shareholder value and per share growth. Further, the Company believes that current market conditions provide opportunities for the Company to acquire Class A common stock at attractive prices. In the Company's view, having the option to opportunistically repurchase Class A common stock could be an effective use of its cash resources and could be in the best interests of the Company and its shareholders. It would both enhance liquidity for shareholders seeking to sell and provide an increase in the proportionate interests of shareholders wishing to maintain their positions.To the knowledge of Galaxy, no director or senior officer of the Company currently intends to sell any Class A common stock under the NCIB. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person change or any such person makes a decision unrelated to these normal course purchases. The benefits to any such person whose Class A common stock are purchased would be the same as the benefits available to all other holders whose Class A common stock are purchased.Disclaimers and Additional Information  This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there by any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About GalaxyGalaxy Digital Inc. (Nasdaq/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.CAUTION ABOUT FORWARD-LOOKING STATEMENTS 
The information in this press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding the repurchase program including the amount of common stock purchased and the method of such repurchases, our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future including the intended share repurchases. Statements that are not historical facts, including statements about onchain business, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release include, but are not limited to, statements relating to the NCIB, expectations regarding the number of Class A common stock to be repurchased, the timing and execution of purchases under the NCIB, if any, and the anticipated impact of the NCIB on shareholder value. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to our blockchain infrastructure and staking business; (2) limitations of applicable securities law and stock exchange requirements; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) changes or events that impact the?cryptocurrency?and AI/HPC industry, including potential regulation, that are out of our control; (6) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (7) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (8) any delay or failure to consummate the business mandates or achieve its business pipeline goals; (9) liquidity or economic conditions impacting our business; (10) technological challenges, cyber incidents or exploits; and (11) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q for the quarter ended September?30, 2025, filed with the SEC on November 10, 2025, and our subsequent filings and available on Galaxy's profile at www.sec.gov. Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the?digital asset?market or general economic conditions; a delay or failure in developing infrastructure for our business or our businesses achieving our mandates; delays in integration of the acquired business;; and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.? ©Copyright Galaxy Digital 2026. All rights reserved.? Correction: An earlier version of this release incorrectly used the ticker (Nasdaq: GLX) instead of the correct ticker (Nasdaq: GLXY). 



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Original: /C O R R E C T I O N -- Galaxy Digital Inc./

Galaxy Announces TSX Approval of Normal Course Issuer Bid for Class A Common StockFebruary 9, 2026 4:15 PM
PR Newswire (US)

NEW YORK, Feb. 9, 2026 /PRNewswire/ - Galaxy Digital Inc. (Nasdaq: GLX) (TSX: GLXY) ("Galaxy" or the "Company") announces today that, in connection with the up to $200 million share repurchase program approved by the Board of Directors on February 6, 2026, the Toronto Stock Exchange (the "TSX") has accepted the Company's Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB").







The notice provides that Galaxy may, pursuant to the NCIB, during the twelve month period commencing February 12, 2026 and ending no later than February 11, 2027, purchase for cancellation through the facilities of the TSX, alternative Canadian Trading Systems or Nasdaq Global Select Market ("Nasdaq") up to an aggregate of 14,798,021 Class A common stock in the capital of the Company ("Class A common stock"), representing approximately 10% of the public float (as defined in the rules and policies of the TSX) of the Class A common stock as of January 31, 2026. Purchases of the Class A common stock through the Nasdaq will be made in the normal course and will not exceed 5% of the outstanding Class A common stock at any time or within a twelve-month period.The NCIB will commence on February 12, 2026 and terminate February 11, 2027, or earlier if the maximum number of Class A common stock under the NCIB have been purchased or if the NCIB has been terminated by the Company. As of January 31, 2026, the Company had 192,701,065 Class A common stock issued and outstanding and a public float of 147,980,210 Class A common stock.Under the NCIB, other than purchases made under a block purchase exception in accordance with the rules and policies of the TSX, the Company may acquire, from time to time, up to 284,225 Class A common stock per day on the TSX, being 25% of the average daily trading volume of the Class A common stock for the period from August 1, 2025 to January 31, 2026, which was 1,136,902 Class A common stock. The maximum number of Class A common stock which may be purchased per day on the Nasdaq will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase, subject to certain exceptions for block purchases. The Company has not purchased Class A common stock under a NCIB within the past twelve months.Under the NCIB, purchases will be made at prevailing market prices or such other prices as permitted under the rules and policies of the TSX and the Nasdaq, as applicable, and applicable securities laws. The Company may rely on an automatic purchase plan during the NCIB. The automatic purchase plan would allow for purchases by the Company of Class A common stock during certain predetermined blackout periods, subject to certain parameters and approval of the TSX. All Class A common stock purchased by the Company under the NCIB will be cancelled. Repurchases will be subject to compliance with applicable Canadian securities laws and United States federal securities laws.Galaxy believes that when a disconnect exists between the share price and the intrinsic value of the business, an NCIB can increase shareholder value and per share growth. Further, the Company believes that current market conditions provide opportunities for the Company to acquire Class A common stock at attractive prices. In the Company's view, having the option to opportunistically repurchase Class A common stock could be an effective use of its cash resources and could be in the best interests of the Company and its shareholders. It would both enhance liquidity for shareholders seeking to sell and provide an increase in the proportionate interests of shareholders wishing to maintain their positions.To the knowledge of Galaxy, no director or senior officer of the Company currently intends to sell any Class A common stock under the NCIB. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person change or any such person makes a decision unrelated to these normal course purchases. The benefits to any such person whose Class A common stock are purchased would be the same as the benefits available to all other holders whose Class A common stock are purchased.Disclaimers and Additional Information  This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there by any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About GalaxyGalaxy Digital Inc. (Nasdaq/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.CAUTION ABOUT FORWARD-LOOKING STATEMENTS 
The information in this press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding the repurchase program including the amount of common stock purchased and the method of such repurchases, our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future including the intended share repurchases. Statements that are not historical facts, including statements about onchain business, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release include, but are not limited to, statements relating to the NCIB, expectations regarding the number of Class A common stock to be repurchased, the timing and execution of purchases under the NCIB, if any, and the anticipated impact of the NCIB on shareholder value. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to our blockchain infrastructure and staking business; (2) limitations of applicable securities law and stock exchange requirements; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) changes or events that impact the?cryptocurrency?and AI/HPC industry, including potential regulation, that are out of our control; (6) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (7) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (8) any delay or failure to consummate the business mandates or achieve its business pipeline goals; (9) liquidity or economic conditions impacting our business; (10) technological challenges, cyber incidents or exploits; and (11) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q for the quarter ended September?30, 2025, filed with the SEC on November 10, 2025, and our subsequent filings and available on Galaxy's profile at www.sec.gov. Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the?digital asset?market or general economic conditions; a delay or failure in developing infrastructure for our business or our businesses achieving our mandates; delays in integration of the acquired business;; and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.? ©Copyright Galaxy Digital 2026. All rights reserved.? 



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Original: Galaxy Announces TSX Approval of Normal Course Issuer Bid for Class A Common Stock

Galaxy Announces $200 Million Share Repurchase ProgramFebruary 6, 2026 9:11 AM
PR Newswire (US)

NEW YORK, Feb. 6, 2026 /PRNewswire/ - Galaxy Digital Inc. (Nasdaq: GLXY) (TSX: GLXY) today announced that its Board of Directors approved a share repurchase program with authorization to purchase up to $200 million of Galaxy's Class A common stock. Repurchases will be subject to compliance with applicable securities laws and stock exchange requirements.







"We are entering 2026 from a position of strength, with a strong balance sheet and continued investment in Galaxy's growth," said Mike Novogratz, Founder and CEO of Galaxy. "That foundation gives us the flexibility to return capital to shareholders when we believe our stock doesn't reflect the value of the business. The share repurchase program also underscores our confidence in Galaxy's long-term prospects."Galaxy may repurchase shares of its Class A common stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in accordance with applicable securities laws, stock exchange requirements and other restrictions. Galaxy's ability to repurchase common stock through the Toronto Stock Exchange ("TSX") will be dependent on Galaxy submitting an application and receiving TSX approval for a normal course issuer bid. Unless permitted by applicable law, purchases made through the facilities of Nasdaq will not exceed 5% of the common stock issued and outstanding at the commencement of the share repurchase program and will be made from time to time at prevailing market prices or such other prices as permitted under the applicable securities laws and stock exchange requirements. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, corporate, legal and regulatory requirements, prevailing stock prices, and other considerations. The share repurchase program will have a term of 12 months, may be suspended or discontinued at any time, and does not obligate the company to acquire any amount of common stock. There can be no assurances how many shares Galaxy will repurchase, if any, or at what prices any purchases will be made.About GalaxyGalaxy Digital Inc. (Nasdaq/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.Disclaimers and Additional InformationThe TSX has not approved or disapproved of the information contained herein.CAUTION ABOUT FORWARD-LOOKING STATEMENTS 
The information in this press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding the repurchase program including the amount of common stock purchased and the method of such repurchases, our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future including the intended share repurchases. Statements that are not historical facts, including statements about onchain business, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to our blockchain infrastructure and staking business; (2) limitations of applicable securities law and stock exchange requirements; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) changes or events that impact the?cryptocurrency?and AI/HPC industry, including potential regulation, that are out of our control; (6) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (7) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (8) any delay or failure to consummate the business mandates or achieve its business pipeline goals; (9) liquidity or economic conditions impacting our business; (10) technological challenges, cyber incidents or exploits; and (11) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q for the quarter ended September?30, 2025, filed with the SEC on November 10, 2025, and our subsequentnt filings and available on Galaxy's profile at?www.sec.gov/edgar.?Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the?digital asset?market or general economic conditions; a delay or failure in developing infrastructure for our business or our businesses achieving our mandates; delays in integration of the acquired business;; and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.©Copyright Galaxy Digital 2026. All rights reserved.? 



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Original: Galaxy Announces $200 Million Share Repurchase Program

Gap Closed

Galaxy Digital $GLXY Book Value is only $9.83, GLXY has $4.53B Debt, nearly $5 Billion

Shares of Galaxy Digital Inc. (NASDAQ:GLXY) are trading higher on Tuesday. Here’s a look at what’s fueling the momentum.

Galaxy Digital stock is charging ahead with explosive momentum. What’s behind GLXY gains?
What To Know: Equity analysts at Citizens Bank released a positive note on Galaxy Digital, initiating the stock with an outperform rating and setting a sky-high target price of $60.

Citizens highlighted the company’s dual exposure to digital asset institutionalization and AI-driven infrastructure, which analyst Devin Ryan called “secular megatrends.” Ryan said Galaxy Digital’s diversification across trading, asset management, custody, staking, treasury services and hyperscale data centers creates a multi-engine growth model for the company.

The analyst noted that Galaxy Digital has already adapted infrastructure to align with recent advancements in cryptocurrency regulation, including the GENIUS Act in the U.S. and the MiCA rollout in the EU, giving it a head start on compliance in areas like registered investment advisors, broker-dealers and multi-jurisdiction licenses.

Recent performance buoys the analysts’ optimism. Galaxy’s Global Markets segment, which offers derivatives, structured products, financing and multi-asset collateral management, reached all-time highs in the third quarter with a gross profit of $318 million. Citizens is also impressed by the company’s assets under management, which reached roughly $9 billion with staking assets worth $6.6 billion.

One of the growth engines the analysts pointed out is the expansion of Galaxy Digital’s Helios data center in Texas. Developed with AI infrastructure company CoreWeave. The data center has 800 MW of fully committed power and plans to expand to 3.5 GW after Galaxy Digital secured $1.4B in project financing to fund phase one, with deliveries slated to begin in the first half of next year.

“Our valuation is based on a sum-of-the-parts framework, attributing ~$25 per share to the Digital Asset segment and $35+ to the Data Center business,” the analyst said in the note.

“We believe Galaxy is positioned to capture outsized share of two of the most transformative markets of the next decade.”

GLXY Price Action: Galaxy Digital shares were up 10.46%, trading at $28.82 at the time of publication on Tuesday, according to Benzinga Pro.

Several analysts have increased their target share price to $50+
Bitcoin moving up. Galaxy will follow

http://investorshub.advfn.com/stock-market/NASDAQ/galaxy-digital-GLXY/chart

$41.23
+$1.85
+(4.70%)

Another strong close to end the day up 2%

Another great day.
Huge EOD run
Closing 4.5% higher
Already trading higher after market

Tuesday was another up day- although it closed below the high.

Presently trading up another 4%, premarket.

NEW PRICE TARGET RATING – Cantor Fitzgerald (Brett Knoblauch) | Price Target: $45 | Oct 6, 2025

Galaxy launched GalaxyOne, a new retail platform offering $4% APY insured cash deposits, $8% yield notes for accredited investors, stock and ETF trading, and crypto access for BTC, ETH, and SOL.

The move expands GLXY beyond institutions, competing directly with HOOD and ETOR.

Finished up another 7.5%.
And Bitcoin hit a new high today

Tens of millions of $ and tokens being transferred from Coinbase and Robinhood to Galaxy's new trading platform.

I used to think $50 by eoy was a reasonable target for GLXY. Now, $75 seems likely.

AWESOME NEWS!
Going head to head with Robinhood.

Up 9+%
https://finance.yahoo.com/news/galaxy-launches-crypto-trading-platform-134309131.html

Up 11% this week.

And another up day. Trading today higher still, pre-market

Another big day. Set a new all time high.

Monster gain today. Following lockstep with BTC.
Looking for $40 before end of Oct

Another strong close. Trading further up after hours.

Great end of day rally. Near 52 week high PPS. All the better since BTC is down.

Great month. Started @ $24. Now @ $33

Another strong day.

so strong. short covering is upon us.

The best AI / crypto stock out there?

https://milkroad.com/crypto/the-best-ai-crypto-stock-out-there/

Maybe of interest to some...

Should expand if you click it... GLTA!

Analysts all upgrading their price targets to $35 - $40

Lots of great news here. Should be well north of $50 by EOY. Long and strong

BRPHF changed to GLXY. Moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

thanks -i have been trading it since .70 way back when---mara was .35!!-tmonkey

$GLXY to be listed on Nasdaq in May:

https://www.theblock.co/post/349925/galaxy-digital-gains-sec-approval-for-delaware-move-nasdaq-listing-expected-in-may?

I've had all sorts of stink-bids on $BITX...

Lots of chop there, always hoping for bigger selloffs but not getting too many fills lately.

You've made good calls here, $BRPHF been a money-maker.

GL!

even with el trumpo coughing up hairballs under 10 here seems ok if it gets there- i have been treading lightly until now!!---tmonkey

buyin some back at 14-----but treading lighty ---who knows what the donald will cough up and forget he said it!!!!!!!! -tmonkey

lettin some go for 24+----just starting---hope for selling up to 30!! and will still have a core left---tmonkey

this is underperforming---a btc correction will have me buying back some shares but ill wait it out-tmonkey

that one has done great---i got fanastic prices from election results to mid last week--dont have much left actually --moved the most of the gains into mag silver and new pacific metals as i think silver will be the next big deal- both bt in can.$$ as it has taken a trump beating that wont last!!-paid for a new house in the meantime----galaxy has been good to me----tmonkey

Nice job again. Meanwhile I moved over here:

https://investorshub.advfn.com/2x-Bitcoin-Strategy-ETF-BITX-42904

I don't recommend what to buy, but I got lucky w/ this move for sure.

GL!

selling daily since the donald won----moving to gold and silver shares for the whole ball of wax--------tmonkey

cashed in on a bunch and will be a buyer again before long----ill wait a bit to see how low she goes--i have had lucky timing on this one!!-----------tmonkey

starting sales now-all the way up!!-----tmonkey

bt yesterday almost double of last sales---now 11s and 12 will be axed on way back up---already a good comeback -keep it going---im branching out to other tickers than galaxy that havent been found by gen public yet like galaxy when i bt at .70 way back when-----tmonkey

almost got 14 today .....next sales will be in 14s and 15s----at end of sales ill still have a good bit here---branching out into new sectors with profits here---tmonkey