Galaxy Expands into the Middle East with ADGM Office Opening
New York, NY – December 10, 2025 – Galaxy Digital Inc. (“Galaxy” or the “Company”) (NASDAQ: GLXY) (TSX: GLXY), a global leader in digital assets and data center infrastructure, today announced it is expanding its presence in the United Arab Emirates (“UAE”), including the opening of an office and the establishment of a new entity in Abu Dhabi under the Registration Authority of ADGM, the international financial center of the UAE’s capital, Abu Dhabi.
Based in Abu Dhabi in the heart of ADGM, Galaxy’s new office deepens the Company’s global footprint across three continents and underscores its commitment to the UAE and the broader region. The newly established office will be led by Bouchra Darwazah, a Managing Director at Galaxy, who will be responsible for expanding Galaxy’s presence in the region by leveraging the firm’s deep experience, track record and resources.
“As we continue to expand our operations and deepen our partnerships around the world, this milestone paves the way for greater collaboration and innovation in the UAE,” said Mike Novogratz, Founder and CEO of Galaxy. “This milestone unlocks new opportunities for Galaxy and strengthens ADGM’s reputation as a hub for digital asset innovation. We look forward to leveraging our enhanced positioning to meet the evolving needs of existing and new clients, investors and counterparties for years to come.”
Arvind Ramamurthy, Chief Development Market Officer, said: “We welcome Galaxy Digital to Abu Dhabi as a global leader in digital assets and data centre infrastructure. Their decision to establish an office here reflects the strength and appeal of ADGM’s progressive ecosystem, which offers a robust regulatory framework, world-class infrastructure, and a collaborative environment for innovation. ADGM continues to serve as a trusted hub for digital asset companies, enabling growth, security, and global connectivity in one of the most dynamic financial centres in the world.”
“The Middle East is a rapidly growing financial hub that is home to some of the world’s most sophisticated investors and innovators,” said Ms. Darwazah. “It has become a particularly influential region for our investors, clients, and portfolio companies, and we believe this office will help establish new opportunities as a leading global digital assets investment and infrastructure firm.”
The expansion deepens Galaxy’s long-standing partnerships in the region and underscores the Company’s strategy to support institutional-grade digital asset trading, infrastructure and innovation worldwide.
About Galaxy
Galaxy Digital Inc. (NASDAQ/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, including an 800MW flagship campus with an additional 2.7GW under study—positioning Galaxy among the largest data center developments in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.
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CAUTION ABOUT FORWARD-LOOKING STATEMENTS The information in this document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about our UAE presence and future, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to developing our UAE presence; (2) any delay or failure in successfully building our UAE presence; (3) changes in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (6) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (7) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (8) any delay or failure to consummate the business mandates or achieve its business pipeline goals; (9) liquidity or economic conditions impacting our business; (10) technological challenges, cyber incidents or exploits; and (11) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, and available on Galaxy's profile at www.sec.gov/edgar (our "Form 10-Q"). Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; a delay or failure in developing infrastructure for our business or our businesses achieving our mandates;; and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.
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