WSJ · 2026-11-05 20:13 UTC

Crypto Billionaire Mike Novogratz Buys Galaxy Shares Amid Tech Rout

Galaxy Digital CEO Mike Novogratz announced he is buying more shares of his company as its stock has fallen around 17% this week amid a broader tech sell-off. Galaxy Digital operates AI data centers in West Texas with long-term contracts to AI cloud providers. Texas gubernatorial election winner Gina Hinojosa has opposed rapid data center expansion and pledged a moratorium on new construction.

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