Galaxy Digital, the digital asset financial services firm led by Mike Novogratz, has agreed to a $200 million settlement with the New York Attorney General’s office in connection to the collapse...
Galaxy Digital, the digital asset financial services firm led by Mike Novogratz, has agreed to a $200 million settlement with the New York Attorney General’s office in connection to the collapse of the Terra-Luna ecosystem in 2022.
The settlement relates to the firm’s investment, trading, and public statements regarding LUNA, which crashed in May 2022, causing approximately $60 billion in losses. Galaxy revealed the settlement in its latest earnings report, which showed profits of $174 million for Q4 and $365 million for the full year of 2024, including the provision for the NYAG settlement.
In addition, Galaxy has signed a 15-year lease agreement with CoreWeave, a cloud-computing company, to supply 133 MW of electricity for artificial intelligence and high-performance computing at its Helios data center in West Texas. The company anticipates generating $4.5 billion in revenue from the lease agreement.
Galaxy’s earnings amount to $1.02 per diluted share, and on Thursday, GLXY shares closed 3.54% lower.
