Galaxy Digital (GLXY), the firm of financial services of digital assets led by Mike Novograph, will pay $ 200 million as an agreement with the New York Attorney General’s Office (NYAG) related to the collapse of the terra-line ecosystem in 2022.
The firm will pay $ 200 million to the state of New York for issues related to its investment, commerce and public statements of Luna, which collapsed in May 2022, eliminating around $ 60 billion in value, Galaxy announced on Friday.
Galaxy revealed the agreement as part of his last profit statement, which reported profits of $ 174 million and $ 365 million for the fourth quarter and the full year of 2024 respectively, when the accumulated legal provision is included for the agreement with NYAG.
The company has also signed a 15 -year lease contract with the Coreweave cloud computing firm, through which it provides 133 MW of electricity for artificial intelligence and high performance computing in its Helios Data Center in western Texas. Galaxy hopes to generate around $ 4.5 billion in income throughout the lease.
The company’s profit amounts to $ 1.02 per diluted action.
GLXY’s shares closed 3.54% lower on Thursday.
