Galaxy Digital Inc. has published the transcript of its Fourth Quarter and Full Year 2025 Earnings Conference Call, which took place on February 3, 2026. The event was attended by key company executives, including Founder and CEO Michael Novogratz, Chief Financial Officer Tony Paquette, President and Chief Investment Officer Christopher Ferraro, and Head of Investor Relations Jonathan Goldowsky. Analysts from firms such as Piper Sandler, Cantor Fitzgerald, Goldman Sachs, Citizens Bank, Morgan Stanley, ATB Capital Markets, Compass Point Research, BTIG, Canaccord, and Rosenblatt Securities also participated in the call. During the call, management highlighted the company’s strong performance and strategic progress, with a particular emphasis on the growth of Galaxy’s Data Center business. “Listen, our Data Center business, I couldn't be more excited for it. We're now over 1.6 gigawatts of approved capacity,” said the CEO. He also praised recent regulatory developments, stating, “We got 830 megawatts of additional power approved recently. I want to give a shout out to the State of Texas. They've proven to be great to do business with.” The call included forward-looking statements, and management reminded participants that actual results could differ materially due to various factors. The company also emphasized that nothing on the call constituted a recommendation or offer to buy or sell securities. The full transcript can be accessed through the link below.

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