Galaxy Digital (GLXY)
Provides institutional digital-asset services and develops AI and high-performance-computing data centers.
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Provides institutional digital-asset services through Global Markets and Asset Management & Infrastructure Solutions, while developing AI and high-performance-computing data centers. The Helios campus in West Texas links the infrastructure business to long-term power development.
Operates two businesses: Digital Assets and Data Centers. Digital Assets combines Global Markets with Asset Management & Infrastructure Solutions, providing institutional digital-asset services, while Data Centers develops infrastructure for AI and high-performance-computing workloads.
Helios, its West Texas campus, began as a bitcoin-mining facility and has become the anchor of the data-center expansion. The company’s evolution pairs digital-asset activities with a second infrastructure business rather than a mining-only operation.
Founded by Michael Novogratz, the platform has operated since 2018 and completed its Nasdaq transition as a Delaware company in 2025. Its business depends on digital-asset markets and on approvals and power development at Helios.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 3, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $37 | Target: $48 |
| Aug 6, 2026 | BTIG | Target | Target: $35 | Target: $45 |
| Aug 3, 2026 | Rosenblatt Securities | Target | Target: $44 | Target: $35 |
| Jul 17, 2026 | Piper Sandler | Reiterate | Rating: —Target: $36 | Target: $33 |
| Apr 29, 2026 | Morgan Stanley | Target | Target: $42 | Target: $37 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.55B · Total debt $3.26B · Total assets $10.84B · Shareholders' equity $1.82B
- Revenue
- $8.71B
- Operating income
- −$128.9M
- Net income
- −$17.9M
No dividends on record.
| Institutions | ≈ 37.06% | 144.50M shares | |
|---|---|---|---|
| 401 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 51.79% | 201.91M shares | |
| 14 holders · as of Sep 10, 2026 | |||
| Strategic holders | 49.27% | 192.12M shares | |
| 1 holder · as of Oct 14, 2025 | |||
| Adds to | 138.12% | ||
389.90M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (389.90M in the company's Sep 22, 2026 report, 331.69M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 138.12%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Michael NovogratzInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 49.60% | 2.92M A · 190.47M B | filed Sep 2, 2026 |
Galaxy Group Investments LLCStrategic10 percent owner | 49.27% | 192.12M B | filed Oct 14, 2025 |
Capital Research Global InvestorsInstitution | 4.70% | 18.33M A | as of Jun 30, 2026 |
FMR LLCInstitution | 4.23% | 16.50M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.52% | 9.83M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 9, 2026 | Matthew W. Friedrich | officer: Chief Legal Officer | −4,993 | $27.03 |
| Aug 12, 2026 | Douglas R. Deason | director | +12,000 | $21.54 |
| Aug 6, 2026 | Robert Daniel Rico | officer: Chief Accounting Officer | −9,095 | $19.66 |
| Aug 10, 2026 | Steven John Bandrowczak | director | +5,100 | $19.63 |
| Jun 15, 2026 | Robert Daniel Rico | officer: Chief Accounting Officer | −19,000 | $34.22 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Galaxy Digital | $26.62 | +2.11% | $8.65B | — | — | 0.1 | −3.8% |
| Coinbase | $200.80 | −0.12% | $53.04B | — | 307.2 | 9.6 | −18.5% |
| IREN | $48.24 | +2.14% | $16.85B | — | — | 23.8 | −26.8% |
| Core Scientific | $18.64 | +1.53% | $5.90B | — | 810.7 | 13.4 | +108.8% |
| Hut 8 | $107.09 | +3.55% | $11.64B | — | — | — | +81.4% |
| Cipher Digital | $19.15 | +1.34% | $7.73B | — | — | 40.5 | −43.0% |
| Bitdeer | $13.18 | +0.27% | $3.07B | — | — | 3.8 | +47.1% |
| Median | — | 558.9 | 13.4 | +14.3% |