Galaxy Digital secures a $460 million private investment from a top asset manager to boost its data center business and corporate needs. The deal involves new shares issued at $36 each, an 8.5% discount from the closing price. The transaction is set to close in mid-October pending Toronto Stock Exchange approval.

The investment will fund the expansion of Galaxy’s Helios data center campus, set to deliver 133 megawatts of IT load by early 2026. Galaxy acquired Helios from Argos in 2022, transitioning it from a mining operation to an AI and HPC data center. This move aligns with Galaxy’s strategic vision for growth and innovation.

Galaxy’s recent $1.4 billion funding secured in summer 2025, along with a lease agreement with CoreWeave, reinforces its commitment to expanding Helios. The market views Galaxy’s pivot to AI as a positive development, driving a 3% increase in share value in post-market trading. Investors and analysts anticipate added value from the company’s focus on AI data centers over bitcoin mining.

Read more at Yahoo Finance: Galaxy Gets $460M Investment by ‘Large Asset Manager’ for Its HPC Push