Galaxy Digital Reaches $200M Settlement Agreement With NYAG Over LUNA Investments

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.

The firm will pay $200 million to 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 on Friday.

Galaxy disclosed the settlement as part of its latest earnings statement, 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.

The company has also has entered a 15-year lease agreement with cloud-computing firm CoreWeave, through which it 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.