Mr. Mike Novogratz reports

GALAXY COMPLETES ERCOT INTERCONNECTION STUDIES AND SECURES APPROVAL FOR ADDITIONAL 830 MEGAWATTS AT HELIOS DATA CENTER CAMPUS, DOUBLING TOTAL APPROVED POWER CAPACITY TO OVER 1.6 GIGAWATTS

Galaxy Digital Inc. has completed a large load interconnection study and has received approval from the Electric Reliability Council of Texas for an additional 830 megawatts of computing demand at its Helios data centre campus in West Texas. In connection with LLIS completion and study approval, Galaxy has also executed a service agreement with AEP Texas Inc. for this additional capacity. Galaxy's transmission interconnection provider will be Wind Energy Transmission Texas LLC, which facilitated the LLIS studies. This approval brings Galaxy's total LLIS-complete, ERCOT-approved and utility-contracted power capacity at Helios to over 1.6 gigawatts, marking a significant advancement in the company's buildout of next-generation artificial intelligence and high performance computing infrastructure.

This new 830-megawatt approval represents a major step forward in Helios's long-term development, effectively doubling the campus's approved power capacity and supporting multitenant partnerships. The approval follows ERCOT's review of required LLIS study elements (specifically, a steady-state study and a stability study), and further positions Galaxy among the largest and fastest-growing data centre developers in North America.

With construction under way to support the first phase of Helios under Galaxy's long-term lease agreement with CoreWeave, the company remains on track to deliver initial power beginning in early 2026. The newly approved capacity expands Galaxy's development runway and advances the company's mission to build a multicampus, multitenant, multigigawatt data centre platform designed to power the future of AI and HPC workloads.

"Securing this additional 830 MW approval from ERCOT is a watershed moment for Galaxy and affirms our position as an operator capable of executing hyperscale AI data centre development," said Mike Novogratz, founder and chief executive officer of Galaxy. "The demand for high-density, AI-ready data centre capacity in Texas is unprecedented. With over 1.6 GW of power capacity now approved, we are exceptionally well positioned to grow our program and provide the reliable power infrastructure that the world's leading AI companies require."

Galaxy is evaluating additional power and land opportunities in Texas and beyond, applying the developmental, technical and operational experience gained at Helios to identify new opportunities capable of supporting efficient, scalable and AI-ready infrastructure for the next generation of compute.

Galaxy will release fourth quarter and full-year 2025 financial results before the opening of Nasdaq and the Toronto Stock Exchange on Tuesday, Feb. 3, 2026.

About Galaxy Digital Inc.

Galaxy Digital is a global leader in digital assets and data centre infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital asset platform offers institutional access to trading, advisory, asset management, staking, self-custody and tokenization technology. In addition, it develops and operates cutting-edge data centre infrastructure to power AI and HPC workloads. Its 1.6-gigawatt Helios campus in Texas positions Galaxy among the largest and fastest-growing data centre developers in North America. The company is headquartered in New York, with offices across North America, Europe, the Middle East and Asia.

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