1 GALAXY As of March 31, 2026 Q1 · 26 Investor.galaxy.com .2
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3 GALAXY Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and AI Note: Throughout this document, all figures as of March 31, 2026, unless otherwise noted. (1) Listed on the Toronto Stock Exchange from 2018 – 2026 and on Nasdaq since May 2025. (2) Inclusive of offices in New York, Texas, Israel, London, Chicago, Hong Kong, Bahamas, and San Francisco. (3) Represents Galaxy Asset Management AUM and the total notional value of assets bonded and staked to Galaxy validators, based on prices as of March 31, 2025. Consists of $5.0B Assets Under Management, $3.2B Assets Under Stake and $551M of assets managed by a commodity pool operator within Galaxy’s Global Markets division. Of this total, $1.1B is included in both Assets Under Management and Assets Under Stake, and $485M is included in both assets under stake and the commodity pool operator. Each asset included in these figures generates its own distinct fee stream. Changes in AUM are generally the result of performance, contributions, withdrawals, and acquisitions. Preliminary AUM associated with GVH Multi-Strategy FOF LP is based on management’s most recent estimate. AUM for committed capital closed-end vehicles that have completed their investment period is reported as NAV plus unfunded commitment. AUM for quarterly close vehicles is reported as of the most recent quarter available for the applicable period. AUM for affiliated separately managed accounts is reported as NAV as of the most recently available estimate for the applicable period. Complementary offerings across two main operating businesses: Operating Track Record 8+ Years Employees Across 3 Continents2 700+ Market Cap as of April 27, 2026 $10B Since 2018 (NASDAQ: GLXY)1 Publicly Listed Assets on Platform3 $9B Data Centers Developing world-class, high-performance computing infrastructure designed to meet the growing demand for large-scale, power-ready facilities. Digital Assets Serving the digital asset ecosystem end-to-end with integrated digital asset trading, lending, brokerage, investment banking, asset management and blockchain infrastructure.
4 GALAXY Galaxy Leadership Team Erin Brown Chief Operating Officer Andrew Taubman Deputy Chief Operations Officer Chris Ferraro President & CIO Mike Novogratz Founder & CEO Tony Paquette Chief Financial Officer Michael Ashe Chief Strategy Officer Tom Harrop Chief Risk Officer A deep bench of experts across capital markets, asset management, digital assets, technology, and the development and operation of mission -critical data center infrastructure. Rob Cornish Chief Technology Officer Matt Friedrich Chief Legal Officer Jason Urban Co -Head of Digital Assets Brian Wright Co -Head of Data Centers Steve Kurz Co -Head of Digital Assets Leinee Hornbeck Chief People Officer Austin Storms Co -Head of Data Centers
5 GALAXY Our Opportunity
6 GALAXY (1) Source: CoinGecko. Market data as of 04/24/2026. (2) Source: FactSet & World Gold Council. Market data as of 4/24/2026. (3) Source: MacroMicro. Represents Global M2 Money Supply of Major Central Banks as of April 2026. (4) Source: World Federation of Exchanges as of December 2025. (5) Source: SIFMA. Data represents full year 2024. (6) Source: Savills. Data as of 2024. 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 $2T $3T $33T $101T $145T $148T $393T Bitcoin Global Crypto Market Cap Gold M2 Global Bonds Global Equities Real Estate 5 43 621 1 Over $700 trillion in assets could be tokenized as blockchain technology reshapes traditional markets Digital assets are evolving from a standalone asset class into foundational financial infrastructure, reshaping how value is issued, traded, settled, and stored across markets. Upgrading the Financial Stack Digital asset technology is being adopted as a new operating layer for financial markets – upgrading legacy systems for trading, settlement, financing, and custody with real-time, programmable infrastructure. Bridging Innovation and Tradition Large financial institutions are driving adoption by integrating digital rails into existing workflows, regulatory frameworks, and balance sheets - modernizing markets from the inside out rather than creating parallel systems. Infrastructure Reaches Scale Core market plumbing - electronic trading, financing, risk management, and settlement – is converging across on- and off-chain environments, following the same multi-decade evolution seen in ETFs, derivatives, and electronic markets.
7 GALAXY Source: McKinsey, Dell’Oro Group. (1) Includes Cloud, Colocation, Telco and Enterprise. Data Centers | Early Innings of a Massive Opportunity 82 GW 219 GW 2025 2030 Investment Momentum Expected to Accelerate as Demand Grows 800 MW 1,630 MW 3.4 GW Leased Capacity Approved Capacity With Additional Load Capacity Under Study Helios Positioned to Succeed in a Supply -Constrained Market $0.7T $1.7T 2025 2026 2027 2028 2029 2030 Global Annual Data Center IT CapEx1 Global Data Center Demand • The U.S. faces a projected 80+ GW supply shortfall by 2030 • Meeting this demand requires building 2x the capacity built in the past 24 years – in under 5 years • Rare opportunity for fast, large-scale infrastructure deployment Helios Load Capacity Ramp -Up +1,800 MW Understudy Global Demand for Data Center Capacity Expected Nearly Triple by 2030 4x Expansion Potential of Leased Load Capacity Global data center capex expected to approach $1 trillion in 2026 as demand broadens beyond top hyperscalers +830 MW Uncontracted
8 GALAXY Digital Assets Serving the digital asset ecosystem end -to-end. Global Markets Asset Management & Infrastructure Solutions
9 GALAXY Global Markets Integrated global markets platform delivering principal liquidity, derivatives, lending, electronic trading, onchain capabilities, and investment banking services. 001 Principal Liquidity Access to a deep network of exchanges and market makers 002 Derivatives Speculate, diversify, and hedge risk ✓ Margin lending ✓ Leverage ✓ Collar Loans ✓ Hedging Solutions ✓ Treasury Management ✓ Instant Liquidity ✓ Miner Financing ✓ CLOs 003 Lending & Structured Products Leverage digital assets securely with a regulated lending institution Total Trading Counterparties 1,691 Average Loan Book Size1 $1.4B Unique Crypto Assets Supported 100+007 Investment Banking M&A advisory, equity & debt capital markets 004 US Securities Broker -Dealer FINRA approval to operate as broker 005 Electronic Trading Seamless electronic access to digital asset markets via API or GUI 006 Onchain Capabilities Integrated block building and propagation infrastructure with seamless CeFi–DeFi capabilities DeFiLending Borrowing Derivatives Electronic TradingOTC Prime ServicesSpot Market Commentary Structured Products Liquidity Services Advisory Capital Raising Mergers & Acquisitions Note: All financial figures in this overview are in US Dollars, unless otherwise stated. All figures as of March 31, 2026. Securities products and services are offered by Galaxy Digital Partners LLC, a member of FINRA and SIPC. (1) For the period December 31, 2025 through March 31, 2026. Represents the average market value of all open loans, excluding uncommitted credit facilities.
10 GALAXY Asset Management & Infrastructure Solutions Infrastructure Solutions Asset Management High-conviction investing across public and private markets in digital assets, blockchain technology, and emerging technology Institutional-grade staking and custody solutions, built for customization and security Staked Assets $3.2B ETFs / ETPs $2.2B Alternatives $2.8B $ 8B Global Markets Asset Management & Infrastructure Solutions 001 Alternatives Venture capital, hedge fund, and liquid token strategies, offering broad exposure to high-growth opportunities across the ecosystem 002 Global ETFs / ETPs Passive and active investment solutions via partnerships with leading institutions 003 Crypto Services Index Construction SPVs/Co-Invests Treasury Mandates Opportunistic Investments KEY PARTNERSHIPS 1 PLATFORM INTEGRATIONS COMBINED AUM & AUS 2 Note: Data as of March 31, 2026, unless otherwise noted. All third-party company product and service names in this presentation are for identification purposes only. The product names, logos, and brands are the property of their respective owners. Use of these names, logos, and brands does not imply endorsement. (1) Inclusive of global partner ETFs/ETPs offered in North America, South America, and Europe and includes private, passive funds which are a different wrapper for similar products Galaxy Asset Management also offers in an ETF structure. (2) Consists of $5.0B Assets Under Management and $3.2B Assets Under Stake Of this total, $1.1B is included in both Assets Under Management and Assets Under Stake Each asset included in these figures generates its own distinct fee stream. 001 Staking Institutional staking platform offering secure validator operations, liquid staking, and integrated reporting, supporting large-scale ETF and asset manager participation. 002 Tokenization End-to-end tokenization platform enabling issuance, management, and distribution of onchain money market funds, structured products/CLOs, and equities. 003 Wallet Infrastructure Enterprise-grade digital asset custody and security solution delivering MPC- based key management, hardened vaults, and a tokenization engine.
11 GALAXY GalaxyOne GalaxyOne brings institutional -quality financial products and services to U.S. individual investors in a unified digital experie nce Launched in October 2025 001 Galaxy Premium Yield Initially offering 8.00% yield on cash for U.S. accredited investors at the inception of the product. Guaranteed by Galaxy Digital Holdings LP, an affiliate of Galaxy Digital Inc.1 002 GalaxyOne Cash FDIC-insured high-yield cash account with banking services provided by Cross River Bank, Member FDIC, with option to auto-reinvest monthly interest into crypto2 003 GalaxyOne Crypto Supporting trading and transfers of select crypto (BTC, ETH, SOL, PAXG) 3 004 GalaxyOne Brokerage U.S. commission-free equities trading and retirement accounts4 INITIAL PRODUCT OFFERINGS ✓ Open an account in under 5 minutes with in-app verification for U.S. accredited investor status as soon as the same business day ✓ Seamlessly manage cash, trading, transfers, and yield in one integrated platform ✓ Auto-reinvest interest into BTC, ETH, SOL, or PAXG for easy dollar-cost average investing ✓ Connect with U.S.-based client support via app, email, or phone ✓ Gain access to future products in trading, lending, staking, and asset management ✓ Leverage Galaxy’s institutional expertise, operational rigor, and disciplined risk management (1) Galaxy Premium Yield is an investment product and is not a bank deposit or other obligation of, or guaranteed by, any bank. It is not insured by the FDIC or any other governmental agency. The note is unsecured, and investors may lose some or all of their principal. Past performance is not indicative of future results. Interest earned is taxable as ordinary income; please consult your tax advisor regarding your individual tax circumstances. Galaxy Premium Yield Investment Note to be offered and sold has not been registered under the Securities Act of 1933, as amended, or states securities laws and may not be offered or sold absent registration with the SEC or an applicable exemption from the registration requirements. This shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Galaxy Premium Yield Investment Note in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state. An accredited investor, as defined by the U.S. Securities and Exchange Commission (SEC) under Rule 501 of Regulation D, includes an individual permitted to invest in certain private securities offerings not registered with the SEC. This status is based on income or net worth. (2) GalaxyOne Cash account deposits held at Cross River Bank, Member FDIC. Insured up to $250,000. Debit Card issued by Cross River Bank, Member FDIC. APY is variable and may change at any time before or after account opening. (3) Digital assets are highly volatile, not legal tender, and not backed by any government. Investments in crypto assets involve significant risk, including the potential loss of all principal. Digital assets available on GalaxyOne are held in custodial wallets with Paxos Trust Company, a New York State-chartered trust company regulated by the New York Department of Financial Services. These assets are not insured by the FDIC or SIPC. (4) GalaxyOne Brokerage accounts are introduced by FIN2, LLC and offered through DriveWealth, LLC, a registered broker-dealer and member FINRA/SIPC. Securities products are not FDIC insured, not bank guaranteed, and may lose value. Commission-free trading refers to $0 commissions for self-directed individual cash brokerage accounts on U.S.-listed equities and ETFs. Other fees and charges (including regulatory fees, foreign transaction fees, and wire transfer fees) may apply. Fractional share trading is available for certain eligible securities; not all securities are available for fractional trading. 005 GalaxyOne Staking Stake solana on GalaxyOne powered by Galaxy’s institutional-grade infrastructure, one of the largest global Solana validator operations
12 GALAXY Treasury & Corporate Net Digital Asset and Investment Exposure (1) Includes spot BTC, BTC derivatives, short and other hedge positions, associated tokens such as wrapped BTC, and interests in investment vehicles designed to hold BTC. (2) Includes spot SOL, SOL derivatives, short and other hedge positions, associated tokens such as wrapped SOL, and interests in investment vehicles designed to hold SOL, including Galaxy’s investment in Forward Industries. (3) Includes spot ETH, ETH derivatives, short and other hedge positions, associated tokens such as wrapped ETH, and interests in investment vehicles designed to hold ETH. (4) Represents spot and interests in investment vehicles that provide exposure to other digital assets. (5) Includes publicly traded securities, including those subject to a short-term lock-up. Venture & Fund Investments $650M Other Token Exposure $134M 4 Other Liquid Investments $45M 5 Ether $42M 3 Solana $61M 2 Bitcoin $431M 1 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 fund investments. The below pie chart is representative of the Treasury & Corporate segment’s net digital asset and investment exposure as of March 31, 2026.
13 GALAXY Data Centers Developing infrastructure for an AI -enabled future. Data Centers High-Performance Computing Infrastructure
14 GALAXY Galaxy is positioned to be a leader in developing and operating high-performance computing infrastructure ▪ Galaxy • Galaxy Slides Master Overhaul Total Leased Capacity 800 MW The Helios Data Center Campus is Galaxy’s flagship facility that, at 1.6GW of approved grid capacity, is projected to be the largest known 100% front-of-the-meter data center campus. It is located in Dickens County, West Texas, approximately 60 miles from Lubbock. Helios Data Center Campus 1,630 MW Total Approved Power Capacity 1,500+ Acres Campus Acreage Note: Campus acreage represents contiguous land under Galaxy’s direct control. 3,400+ MW Total Potential Power Capacity Galaxy’s Helios Data Center campus, April 2026.
15 GALAXY AI and HPC Infrastructure CoreWeave has leased 526 MW of critical IT capacity for a period of 15 years, generating anticipated average annual revenue of over $1B for the combined three phases. In April 2026, Galaxy successfully delivered the first data hall to CoreWeave at the Helios data center campus, marking the transition from construction to revenue- generating operations under the Phase I lease agreement. (1) Approximately 200 MW of gross power capacity for Phase I, approximately 400 MW of gross power capacity for Phase II, and approximately 200 MW of gross power capacity for Phase III. (2) Beyond the 15-year initial contract term, CoreWeave has the option to exercise two 5-year extensions. (3) Anticipated results for agreement with CoreWeave at the Helios site once fully operational. Based on contractual terms, internal estimates for capital expenditures, and reflects anticipated average annual revenue across the full 526MW of contracted critical IT load over the lease term. Anticipated Average Annual Revenue over the 15-year term includes the impact of annual escalators. Actual results may differ materially due to business, economic and competitive uncertainties and contingencies, which are beyond the control of the Company and its management and subject to change. 830 MW Contracted Capacity On January 15, 2026 Galaxy announced the completion of ERCOT Interconnection Studies and the approval for additional 830 MW at Helios. This more than doubles the total approved power capacity to over 1.6 gigawatts. Galaxy is actively identifying a leasing partner for the uncontracted capacity. Uncontracted Approved CapacityPhase I + II + IIIPhase I Contracted Critical IT Load1133 MW Phase II Contracted Critical IT Load1260 MW Phase III Contracted Critical IT Load1133 MW 526 MW Critical IT Load1 Anticipated Average Annual Revenue for Combined Phases3 $1B+ 15 Years Contract Term2 Anticipated Average Lease- Level EBITDA Margins3 90%Q2 2026 Rent Commencement Date 800 MW Gross Power Capacity
16 GALAXY Helios Construction Update as of April 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 Specialized chiller systems provide temperature-controlled water to direct-liquid- cooling systems in support of both AI workloads and air-cooled portions of the data center building for temperature/humidity control. 4. Electrical Yards The electrical yards supporting the chiller yard and data center building contain critical pre-fabricated electrical infrastructure and emergency backup generation equipment for powering the most advanced AI infrastructure and the systems that support them. 5. Water Facilities Expansion of Galaxy’s on-site groundwater facilities that provide raw groundwater, water treatment facilities for campus water needs, and wastewater treatment. 3. Data Center Building Secure, purpose-built facility spanning over 125,000 sq ft in support of AI infrastructure (GPU servers, storage, network, etc.) and the mechanical/electrical galleries to support high-density AI infrastructure and workloads. 6. Pitchfork and Cottonwood 345kV substations Owned by Wind Energy Transmission of Texas (WETT), the substations are an integral part of the Competitive Renewable Energy Zone (CREZ) initiative to carry wind power from West Texas to load centers, like Helios 1 23 4 4 5 6 6 7 7. Helios Campus Footprint The Helios campus consists of over 1,500 acres of contiguous land under Galaxy’s control for future expansion and construction of data center buildings. 4