Galaxy Digital (GLXY), the Mike Novogratz-led digital asset company for financial services, pays $ 200 million as a settlement with the New York Attorney General’s (News) office regarding the collapse of the Terra-Luna Ecosystem by 2022.
The company pays $ 200 million to the state of New York for questions relating to its investments, trade and public statements from Luna, which collapsed in May 2022 and wiped out about $ 60 billion in value, Galaxy announced Friday.
Galaxy revealed the settlement as part of its latest declaration of earnings, reporting the profit of $ 174 million and $ 365 million for the 4th quarter and the whole year 2024, when the legal provision for the Nytag settlement is included.
The company has also entered into a 15-year lease agreement with the Sky-Computing Company Coreweave, through which it delivers 133 MW electricity for artificial intelligence and high performance computing at its Helios Data Center in West Texas. Galaxy expects to generate about $ 4.5 billion in revenue throughout the lease.
The company’s profits amount to $ 1.02 per Diluted share.
GLXY shares closed 3.54% lower on Thursday.
