Galaxy Digital Inc. · NASDAQ:GLXY
Galaxy Digital — Q1 2025 Earnings Presentation
15 slides from Galaxy Digital's earnings presentation, May 13, 2025
Slide 1: Galaxy Overview as of March 31, 2025
Exhibit 99.2 Investor.galaxy.com WOE x) SACRO ‘ oe galaxy As of March 31, 2025
Slide 2: Disclaimer
GALAXY (a) ‘This documert ond the information contained herain has been provided to you by Gotoxy Digital ne. ands offitotes Galaxy Diptoor “Goloxy" solely for informatlonol purses. Tis document may not be reproduced or restrbuted in whole or in pot. nay forme. without the ‘express writen approval o
Slide 3: Company Snapshot
3 GALAXY Company Snapshot Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and Al Complementary offerings across two main operating businesses: Digital Assets Data Centers Institutional-grade digital asset solutions
Slide 4: Transformational Catalysts
4 GALAXY Transformational Catalysts Z\ Platform Scaling & Diversification Galaxy signed a 15-year lease ‘agreement to host CoreWeave's Al and HPC infrastructure Diversifies Galaxy's revenue beyond bitcoin mining into Al/HPC, independent of crypto markets 001 ® “ Strategic Reorganization Galaxy recen
Slide 5: Transition to Nasdaq Expected to Drive Shareholder Value
5 GALAXY " Transition to Nasdag Expected to Drive Shareholder Value As of May 13, 2025, Galaxy has completed a reorganization and domestication to become a Delaware-incorporated company and expects to list on Nasdaq on May 16, 2025. Increased Liquidity Increased trading liquidity through access to d
Slide 6: Galaxy Leadership Team
6 GALAXY " Galaxy Leadership Team Mike Novogratz Founder & CEO Chris Ferraro President & ClO Tony Paquette Chief Financial Officer Erin Brown Chief Operating Officer Adeep bench of experts in capital markets, asset management, digital assets, investing, and technology. Michael Ashe Sebastian Benkert
Slide 7: Our Opportunity
“O- Our Opportunity
Slide 8: Digital Assets | Early Innings of a Massive Opportunity
8 GALAXY Digital Assets | Early Innings of a Massive Opportunity m Despite Rapid Adoption, Digital Assets Represent Only a Fraction of Global Wealth Value of Global Assets $2T Bitcoin Over $700 trillion in assets could be tokenized as blockchain technology reshapes traditional markets S141T $125T $9
Slide 9: Data Centers | Early Innings of a Massive Opportunity
® GALAXY Data Centers | Early Innings of a Massive Opportunity m Global Demand for Data Center Capacity Expected to Quadruple by 2030 Global Data Center Demand a4 219 GW 2030 @ Investment Momentum Expected to Accelerate as Demand Grows Global Annual Data Center IT Capex! $800B 2027 2028 S571B 2026 $
Slide 10: Digital Assets
ss] Digital Assets
Slide 11: Galaxy Digital Assets Platform: Global Markets
GALAXY DIGITAL ASSETS PLATFORM Global Markets Franchise Trading @ Investment Banking Sell-side trading desk offering spot and derivative Specialized crypto and financial advisory services to global public over-the-counter trading, lending, and structured products and private clients in digital asset
Slide 12: Galaxy Digital Assets Platform: Asset Management & Infrastructure Solutions
2 GALAXY DIGITAL ASSETS PLATFORM sset Management & infrastructure Solutions (a) Asset Management & Infrastructure Solutions m= Asset Management High-conviction investing across public and private markets in Note Dotace of Mr digital assets, blockchain technology, and emerging technology 001 Alternat
Slide 13: Data Centers
=| Data Centers
Slide 14: Galaxy Data Centers: Helios Overview
4 GALAXY DATA CENTERS. Galaxy is well-positioned to be a leader in developing and operating high-performance computing infrastructure Helios Overview Location Dickens County, TX Committed Capacity 600 MW Approved Capacity 800 MW Load Capacity Under Study 1,700 MW Electricity Market ERCOT West Load Z
Slide 15: AI and HPC Infrastructure
15 GALAXY DATA CENTERS. Al and HPC Infrastructure Galaxy continues to expand its Data Centers business, and building on the previously announced 133 megawatt (“MW”) agreement, CoreWeave recently exercised an option to contract an additional 260 MW of critical IT load through new greenfield developme