On July 29, Galaxy Digital Holdings Ltd. fell 8.12% in regular trading, trading at $19.22/share, with turnover of $45.89 million.

On the news front, the company recently priced a $3.51 billion private offering of 9.875% senior secured notes due 2031, classified as high-yield junk bonds, to finance construction of eight data halls in Texas with 400 MW of utility capacity. Additionally, on July 28, Galaxy announced a 500-acre land acquisition in McGregor, Texas for another AI data center campus, signaling continued aggressive capital deployment.

The mounting leverage comes as Galaxy reported a Q1 net loss of $216 million, with crypto holdings declining from $1.67 billion to $1.36 billion. While the company has secured a 15-year lease with CoreWeave for its Helios campus and completed Phase I delivery of 133 MW, investors appear concerned about the pace of debt-fueled expansion amid growing broader market skepticism toward AI infrastructure buildout valuations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)