Galaxy (GLXY) reached the $ 200m settlement agreement with Nahong Over Luna Investments
The Galaxy Digital (GLXY), the firm led by Mike Novogratz led by Digital Asset Financial Services, will pay $ 200 million as a settlement to the New York Attorney General (NAYAL) office in relation to the collapse of the terra-luna ecosystem in 2022.
The company will pay $ 200 million to New York’s state for matters related to Luna’s investment, trading and public statements, which collapsed in May 2022, wiping the cost of $ 60 billion worth, Galaxy announced on Friday.
Galaxy announced the regulating as part of the latest revenue statement, which reported revenue of $ 174 million and $ 365 million for Q4 and the entire year of 2024 respectively, when the accumulated legal provision for negotiating with Nyag was included.
The company also entered a 15-year hire agreement with the cloud-computing firm Coreweave, where it provides 133 MW of electricity for artificial intelligence and high-performance computing at the Helios Data Center in West Texas. The Galaxy expects to generate nearly $ 4.5 billion revenue throughout the rent.
The company’s revenue cost to $ 1.02 per diluted part.
GLXY shares closed 3.54% below Thursday.
