$glxy core biz crap and run for Novogratz without much recurring with tons overhead. The Helios luck comes with this offering, $4b debt and a guy who has no history running actual companies let alone a data center. But it could meme! $corz much better deal and value
$GLXY (-7.3% pre) Galaxy Digital Launches Massive $29M Share Offering to Fund AI Computing Infrastructure https://t.co/5iYFpYT94Q
$GDS (-7.9% pre) GDS Holdings Unveils Massive $450M Triple Offering: Convertible Notes, ADSs, and Delta Placement https://t.co/JBtVLnILuF
DoorDash has announced an upsized offering of $2.5 billion in convertible senior notes due 2030, following its previous $2 billion convertible notes announcement earlier in May 2025. This move comes shortly after the company expanded its global footprint through sizable deals. Meanwhile, Galaxy Digital Holdings (ticker: GLXY) has launched a secondary offering of 29 million Class A common shares, including 24.15 million shares offered by the company and 4.85 million by certain stockholders. The offering is underwritten by Goldman Sachs, Jefferies, and Morgan Stanley. Galaxy Digital, which owns 13,000 Bitcoins, substantial Ethereum holdings, and close to $800 million in other digital assets, is seeking approval to build the most powerful high-performance computing (HPC) data center in the United States focused on AI infrastructure. Despite the capital raise, Galaxy Digital's stock has seen a decline, with some market participants noting the offering was anticipated by large investors. Additionally, GDS Holdings announced a $450 million triple offering involving convertible notes, American Depositary Shares (ADSs), and a delta placement. The capital raises by these companies reflect ongoing efforts to fund expansion and infrastructure development in the digital asset and AI sectors.