Galaxy Digital (GLXY), led by Mike Novogratz in the digital asset financial services sector, has agreed to pay $200 million to the New York Attorney General’s (NYAG) office to settle issues related to the collapse of the Terra-Luna ecosystem in 2022.
The settlement pertains to GLXY’s investment, trading, and public statements regarding LUNA, which suffered a collapse in May 2022, resulting in a loss of approximately $60 billion in value, as reported by Galaxy’s announcement on Friday.
In its latest earnings statement, Galaxy revealed a profit of $174 million for Q4 and $365 million for the entire year of 2024, after factoring in the legal provision set aside for the NYAG settlement.
Additionally, the company has signed a 15-year lease agreement with cloud-computing company CoreWeave to provide 133 MW of power for artificial intelligence and high-performance computing at its Helios data center in West Texas. Galaxy anticipates earning approximately $4.5 billion in revenue over the course of the lease.
The company’s earnings per diluted share amount to $1.02.
GLXY’s shares closed 3.54% lower on Thursday.
