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LEASES (Tables) - Galaxy Digital Holdings, LP
 3 Months Ended
Mar. 31, 2025
Lessee, Lease, Description [Line Items]  
Schedule of Supplemental Cash Flow Information
Supplemental disclosures for the Company’s condensed consolidated interim statements of cash flows:
(in thousands)
March 31, 2025
March 31, 2024
Net cash provided by / (used in) operating activities
Cash paid in the measurement of operating lease liabilities$1,483 $1,466 
Supplemental disclosures for the Company’s consolidated statements of cash flows:
(in thousands)
December 31, 2024
December 31, 2023December 31, 2022
Net cash provided by / (used in) operating activities
Cash paid in the measurement of operating lease liabilities$5,973 $7,838 $4,216 
Schedule of Lease Assets And Liabilities
Supplemental statement of financial position and other disclosures related to operating lease right-of-use assets:
(in thousands, except lease term and discount rate)
March 31, 2025
December 31, 2024
Operating lease right-of-use assets$7,283$8,223
Operating lease liabilities9,22110,229
Weighted average remaining lease term
3.5 years
3.6 years
Weighted average discount rate(1)
10 %10 %
_______________
(1)The weighted average discount rate represents the Company’s incremental borrowing rate.
Supplemental statement of financial position and other disclosures related to operating lease right-of-use assets:
(in thousands, except lease term and discount rate)
December 31, 2024
December 31, 2023
Operating lease right-of-use assets$8,223 $12,055 
Operating lease liabilities$10,229 $14,096 
Weighted average remaining lease term3.6 years4.2 years
Weighted average discount rate(1)
10 %10 %
_______________
(1)The weighted average discount rate represents the Company’s incremental borrowing rate
Schedule of Future Minimum Lease Payments
The following table represents future minimum lease payments of the Company’s operating lease liabilities as of March 31, 2025:
(in thousands)Lease liability
Year ending December 31,
2025$3,530 
20262,818 
20272,572 
20282,572 
2029429 
Total future minimum lease payments11,921 
Less: Interest2,700 
Total lease liability$9,221 
The following table represents future minimum lease payments of the Company’s operating lease liabilities as of December 31, 2024:
(in thousands)Lease liability
Year ending December 31,
2025$4,151 
20262,557 
20272,572 
2028
2,572 
2029
429 
Total future minimum lease payments$12,281 
Less: Interest2,052 
Total lease liability
$10,229 
Schedule of Operating Lease Transaction Expenses Expenses associated with mining leases were recognized within Transaction expenses in the Company’s consolidated statements of operations.
(in thousands)
Year Ended December 31, 2024
Year Ended December 31, 2023Year ended December 31, 2022
Revenues
Lease
$— $456 $1,202 
Financed sales of mining equipment
— — 2,965 
Loss on disposal— (2,046)
Cost of sales
Associated mining equipment sales costs
$— — 2,453