Galaxy Digital to Pay $200 Million Settlement to New York Attorney General
Galaxy Digital (GLXY) will pay $200 million to the New York Attorney General's office regarding its involvement with the Terra-Luna ecosystem collapse in 2022, which resulted in a loss of approximately $60 billion.
Key points:
- The settlement was disclosed alongside Galaxy's earnings report.
- Galax reported profits of $174 million for Q4 and $365 million for the full year of 2024, including provisions for the settlement.
- A 15-year lease agreement with CoreWeave has been established, supplying 133 MW of electricity for AI and high-performance computing.
- Projected revenue from the lease is around $4.5 billion.
- Profit per diluted share is $1.02.
- GLXY shares closed down 3.54% on Thursday.