Galaxy Digital Inc., a leading company in digital assets and data center infrastructure, has announced an underwritten public offering of 29 million shares of its Class A common stock. This includes 24.15 million shares offered by Galaxy itself and 4.85 million shares by certain stockholders. Additionally, underwriters have a 30-day option to purchase up to 4.35 million additional shares. The company plans to use the proceeds from the offering to purchase newly issued limited partnership units from its operating subsidiary, Galaxy Digital Holdings LP. These funds are intended to support the expansion of artificial intelligence and high-performance computing infrastructure at the Helios data center in West Texas, as well as for general corporate purposes. Galaxy will not receive any proceeds from the shares sold by the selling stockholders. This marks Galaxy's first public offering of its Class A common stock as a listed company on the Nasdaq.
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