These 10 Stocks Just Rocked The Market

3. Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital tumbled by 20.9 percent week-on-week as investors sold off positions following an upsized public offering of 31.6 million shares.

In a statement, Galaxy Digital (NASDAQ:GLXY) said that it would offer 26.4 million class A common shares, while certain stockholders will sell some 5.2 million shares, both at a price of $19 apiece.

According to the company, it intends to use the net proceeds to purchase newly issued limited partnership units from its operating subsidiary, Galaxy Digital Holdings LP, and finance the latter’s expansion of artificial intelligence and high-performance computing infrastructure at its Helios data center campus in Texas.

Galaxy Digital Inc. (NASDAQ:GLXY) is one of the leading companies in digital assets and data center infrastructure, as well as solutions in finance and artificial intelligence.

The company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.