Galaxy Digital (GLXY), the Mike Novogratz-led digital asset financial services firm, will pay $200 million as a settlement with the New York Attorney General's (NYAG) office relating to the collapse of the Terra-Luna ecosystem in 2022.
Galaxy Digital (GLXY) has agreed to pay $200 million to settle claims brought by the New York Attorney General’s (NYAG) office relating to the collapse of the Terra-Luna ecosystem in 2022.
The digital asset financial services firm will pay the State of New York for matters relating to its investment, trading and public statements of LUNA, which collapsed in May 2022, wiping out around $60 billion in value, Galaxy announced in its latest earnings statement on Friday.
The firm disclosed the pending settlement with NYAG as part of its earnings release, which reported profit of $174 million and $365 million for Q4 and the full year of 2024 respectively, when the accrued legal provision for the settlement with NYAG is included.
Galaxy also announced that it has entered a 15-year lease agreement with cloud-computing firm CoreWeave, through which CoreWeave will supply 133 MW of electricity for artificial intelligence and high-performance computing at its Helios data center in West Texas. Galaxy expects to generate around $4.5 billion in revenue throughout the lease.
The company's profit amount to $1.02 per diluted share.
GLXY shares closed 3.54% lower on Thursday.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
