Galaxy Digital

Galaxy Digital

Finance

Galaxy leads $20 million investment in Fence to overhaul back end of $6 trillion credit market

Startup Fence uses blockchain technology and tokenization in the background to automate processes that many asset managers still rely on manual workflows.

Fence co-founders Juan Montero (left) and Ignacio Rosario (Fence)

Finance

Galaxy Digital delivers first data center tranche to CoreWeave after narrowing Q1 loss

Galaxy secured approval to double its Helios data center power capacity to over 1.6GW, building on its strategic expansion into AI infrastructure.

Data center (Taylor Vick/Unsplash)

Markets

Mike Novogratz spotlights Helios as $15 billion powerhouse in Galaxy Digital annual report

The company's Nasdaq debut was a turning point toward infrastructure-led growth in the digital economy, said Novogratz.

Mike Novogratz, Galaxy founder and CEO, speaks at Consensus 2024

Tech

Galaxy Digital's testnet suffers hack but no client funds or information were compromised

Mike Novogratz’s crypto financial services firm said unauthorized access was limited to a segregated R&D workspace; trading systems and client accounts were unaffected.

Galaxy Digital CEO Mike Novogratz: ‘Crypto Revolution Is Here’

Tech

Bitcoin’s quantum threat is real, but far from an existential crisis, Galaxy says

Developers are already working to address quantum risks, and investors shouldn’t mistake a long-term challenge for an immediate threat, according to Galaxy Digital’s head of research Alex Thorn.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Finance

Galaxy’s Steve Kurz sees ‘great convergence’ driving crypto’s long-term outlook

The firm's asset-management chief says the recent crypto selloff reflects healthy deleveraging, while infrastructure growth and institutional adoption support a bullish outlook.

Steve Kurz on CoinDesk TV

Markets

Galaxy Digital shares jump 18% after company approves $200 million buyback

The repurchase plan follows a volatile earnings week and signals confidence in the firm’s balance sheet.

Mike Novogratz, Founder and CEO, Galaxy Digital. (CoinDesk)

Markets

Galaxy CEO Mike Novogratz doesn't see quantum as big threat for bitcoin

CEO Mike Novogratz said that the profit-taking trend among early bitcoin adopters is real, indicating weakening conviction in the "HODLing" philosophy.

Galaxy founder Mike Novogratz (Shutterstock)

Markets

Galaxy Digital shares decline 14% after $482 million Q4 loss

Galaxy generated $426 million in adjusted gross profit for the full year and ended it with $2.6 billion in cash and stablecoins, despite the significant quarterly loss.

Mike Novogratz, Founder and CEO, Galaxy Digital. (CoinDesk)

Finance

Galaxy Digital to start $100 million hedge fund targeting crypto, fintech: FT

The fund will allocate up to 30% to crypto tokens and 70% to financial services stocks, taking both long and short positions to capitalize on market shifts.

Mike Novogratz, Founder and CEO, Galaxy Digital. (CoinDesk)