Galaxy Digital CEO Calls $65 million Deal A Transformative Acquisition
Key Points:Novogratz stated that Galaxy believes in Bitcoin’s long-term prospects.
The firm will be able host additional miners by owning a Helios 200 MW.
According to Galaxy Digital Holdings’ website, trading, asset management and cryptocurrency mining are just a few of the five business areas that the firm has. It also states that Galaxy Digital Holdings’ assets are worth $1.9billion at the moment. Novogratz pointed out that the company will be able host additional mines and also operate its own 200 MW Helios. Helios could be one of the most powerful miners, due to its large scaling capacity. Novogratz also points out that the corporation will be able host additional mines, in addition to operating its own, thanks to the 200 MW Helios. This is in addition to Galaxy’s earlier purchase of GK8 cryptocurrency self-custody platform for an unknown amount. After being purchased for $115 million by the now-bankrupt crypto lender Celsius in 2021, GK8 was being auctioned off as part of the Celsius bankruptcy proceedings.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comThanaCoincu NewsTags: Argo blockchainCEO of Galaxy DigitalGalaxy DigitalHeliosMike Novogratz