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PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

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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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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