Slide 1: Q2 2026 Earnings Presentation
1 GALAXY Investor.galaxy.com Q2 · 26 As of June 30, 2026
Slide 2: Disclaimer
2 GALAXY This presentation, and the information contained herein, has been provided to you by Galaxy Digital Inc. and its affiliates (“Galaxy Digital” or “Galaxy”) solely for informational purposes. This document may not be reproduced or redistributed in whole or in part, in any format, without the
Slide 3: Galaxy is a global leader in digital assets and data center infrastructure
3 GALAXY Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and AI Complementary offerings across two main operating businesses: Publicly Listed Since 2018 (NASDAQ: GLXY)1 Digital Assets Serving the digital asset ecosy
Slide 4: Galaxy Leadership Team
4 GALAXY Galaxy Leadership Team Mike Novogratz A deep bench of experts across capital markets, asset management, digital assets, technology, Founder & CEO and the development and operation of mission -critical data center infrastructure. Chris Ferraro President & CIO Michael Ashe Rob Cornish Matt Fr
Slide 5: Our Opportunity
5 GALAXY Our Opportunity
Slide 6: Digital Assets | Early Innings of a Massive Opportunity
6 GALAXY Digital Assets | Early Innings of a Massive Opportunity The Onchain Opportunity Across Capital Markets is Significant Blockchain: The Foundation of Modern Financial Markets Value of Global Assets Digital assets are evolving from a standalone asset class into foundational financial infrastru
Slide 7: Data Centers | Early Innings of a Massive Opportunity
7 GALAXY Data Centers | Early Innings of a Massive Opportunity Global Demand for Data Center Capacity Expected to Nearly Triple by 2030 Tightening Vacancy Reinforces a Supply -Constrained Market Global Data Center Demand • The U.S. faces a projected 80+ GW power capacity shortfall by 2030 – with nea
Slide 8: Digital Assets
8 GALAXY Global Markets Asset Management & Infrastructure Solutions Digital Assets Serving the digital asset ecosystem end -to-end.
Slide 9: Global Markets
9 GALAXY Global Markets Asset Management & Infrastructure Solutions Global Markets Integrated global markets platform delivering principal liquidity, derivatives, lending, electronic trading, onchain capabilities, and investment banking services. 001 004 Principal Liquidity Access to a deep network
Slide 10: Asset Management & Infrastructure Solutions
10 GALAXY Global Markets Asset Management & Infrastructure Solutions Asset Management & Infrastructure Solutions COMBINED AUM & AUS 2 Asset Management Infrastructure Solutions High-conviction investing across public and private markets in Institutional-grade staking, tokenization, wallet and digital
Slide 11: Treasury & Corporate Net Digital Asset and Investment Exposure
11 GALAXY Treasury & Corporate Net Digital Asset and Investment Exposure The Company’s Treasury & Corporate segment maintains exposure to the digital asset ecosystem through a diversified allocation across spot positions, derivatives, ETFs, equities, venture investments, private equity holdings and
Slide 12: Data Centers
12 GALAXY Data Centers High-Performance Computing Infrastructure Data Centers Developing infrastructure for an AI -enabled future.
Slide 13: The Helios Data Center Campus
13 GALAXY ▪ Galaxy • Galaxy Slides Master Overhaul The Helios Data Center Campus Galaxy is positioned to be a leader in developing and operating high-performance computing infrastructure, anchored by Helios – one of the largest data center campuses under development in North America. Galaxy’s Flagsh
Slide 14: The Path to Multi-Gigawatt Scale
14 GALAXY The Path to Multi-Gigawatt Sca le Galaxy continues to build out a multi-gigawatt power pipeline across Texas, now totaling over 5.7 GW of potential capacity, as it expands beyond Helios to meet accelerating demand for AI and HPC infrastructure. Data Centers Power Pipeline Contracted Power
Slide 15: Galaxy's Power Capacity Ramp Schedule
15 GALAXY Galaxy's Power Capacity Ramp Schedule Galaxy's development path spans multiple sites and multi-gigawatt scale, with visibility extending through 2030 and beyond. Power Capacity Ramp Schedule 5,730 MW 5,730 MW Contracted Capacity1 Uncontracted Capacity Ramp2 426 MW Merlin II 1,000 MW Helios
Slide 16: Contracted Capacity
16 GALAXY Contracted Capacity CoreWeave has leased 526 MW of critical IT capacity, generating anticipated average annual revenue of over $1B for the combined three phases at 90%+ average lease- level adjusted EBITDA margins across the 15-year base contract term.1 Galaxy successfully delivered 133 MW
Slide 17: Helios Campus Update as of July 2026
17 GALAXY Helios Campus Update as of July 2026 1. Galaxy’s 345 kV substation Our privately owned 345 kV grid connected substation at the Helios campus supporting up to 900 MW of transformer capacity across various phases of the project. 2. Chiller Yard 6 Specialized chiller systems provide temperatu