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PROPERTY AND EQUIPMENT (Tables) | 3 Months Ended
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Mar. 31, 2025
Galaxy Digital Holdings, LP |
Property, Plant and Equipment [Line Items] |
Schedule of Property and Equipment | The following table represents property and equipment balances and accumulated depreciation as of December 31, 2024 and 2023:
(in thousands) |  | December 31, 2024 |  | December 31, 2023 |  |
Corporate assets (1) |  | $ | 11,093 |  |  | $ | 9,625 |  |  |
Mining equipment |  | 172,572 |  |  | 78,737 |  |  |
Mining infrastructure |  | 113,710 |  |  | 86,156 |  |  |
Land |  | 12,809 |  |  | 10,490 |  |  |
WIP / Construction in progress (2) |  | 35,777 |  |  | 105,036 |  |  |
Property and equipment, gross |  | 345,961 |  |  | 290,044 |  |  |
Less: Accumulated depreciation |  | (57,934) |  |  | (25,808) |  |  |
Less: Impairment / Loss on disposal (3) |  | (50,989) |  |  | (50,888) |  |  |
Property and equipment, net |  | $ | 237,038 |  |  | $ | 213,348 |  |  |
__________________ (1)Corporate assets balances primarily relate to computer equipment, leasehold improvements, and furniture and fixtures. (2)As of December 31, 2024, WIP/Construction in Progress related to mining infrastructure under construction. As of December 31, 2023, WIP/Construction in Progress related to mining equipment of $85.0 million and mining infrastructure under construction of $20.0 million. (3)Recognized in General and administrative expenses in the Company’s consolidated statements of operations.

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