Galaxy Digital (GLXY) founder and CEO Mike Novogratz highlighted the agency’s key milestones in its 2025 annual report, marking its first 10-Ok submitting as a Nasdaq-listed firm.
Novogratz described the itemizing as greater than a milestone, calling it “a declaration that the digital economy is real, and that Galaxy is built to lead it.”
Through the years, Galaxy has developed from a pure-play digital asset agency right into a diversified platform that features asset administration, institutional buying and selling and AI-driven high-performance computing knowledge facilities.
Novogratz famous that the digital asset economic system has developed from a speculative, area of interest market right into a mainstream business, with even the US now holding bitcoin on its stability sheet, one thing that will have been inconceivable a decade in the past.
The corporate’s greatest development tailwind is its synthetic intelligence and high-performance computing technique and Helios, its AI knowledge middle campus in West Texas. The location has secured greater than 1.6 gigawatts of accredited energy capability via ERCOT.
The preliminary 800 megawatts is already leased to AI cloud supplier CoreWeave (CRWV), representing over $7.5 billion in capital funding. With an extra 830 megawatts accredited for enlargement, Helios is now valued at nicely above $15 billion, in response to the report.
Novogratz’s longer-term purpose is to construct a multi-billion-dollar portfolio of digital infrastructure property diversified throughout areas, tenants, and applied sciences. “Demand for compute is not a cycle, it is a structural condition that will define the next decade.”
On the digital property facet, Galaxy manages roughly $12.3 billion in platform property as of December 31, 2025. Its choices embody over-the-counter spot and derivatives buying and selling, lending, staking throughout 11 blockchains, together with Ethereum and Solana, ETFs, and institutional-grade custody.
In October 2025, the agency expanded into retail with GalaxyOne, a fintech platform providing FDIC-insured high-yield accounts, commission-free buying and selling in equities and crypto, and the choice to routinely reinvest curiosity into bitcoin.
Regardless of the business downturn within the fourth quarter of 2025, the corporate noticed a web lack of $241 million. Novogratz stays optimistic, saying the agency is “more clear-eyed about our opportunity than we have ever been.”
