Galaxy Digital Holdings

Phase III Contracted Critical IT Load3 133 MW 2028 Initial Rent Commencement

Extension: Two 5-year extension options beyond initial 15-year term; total potential lease term 25 years.

Galaxy Digital Holdings LP (“Galaxy LP”), the indirect parent of the Issuer, has provided a customary, uncapped completion guarantee with respect to the Project, which will require Galaxy LP to provide the Landlord with the funds as necessary to ensure that each phase of the Project required to be delivered to CoreWeave, Inc. (the “Tenant”) pursuant to the lease agreement, dated August 8, 2025, as amended (the “Data Center Lease”), satisfies all conditions applicable to the commencement of rent for each such phase, in each case in the event that the proceeds of the Notes and the available funds (including prior equity contributions) are insufficient to do so.

Developing Project Speed Phase II (400 Gross MW / 260 MW Critical IT Load), leased to CoreWeave ... 260 MW Critical IT Load Under Contract 15 Years Base Lease Term + Two 5-Year CoreWeave Extension Options ... $10.4Bn (3) (5) Minimum Contracted Lease Payments Q2'27 (5) Initial Targeted Rent Commencement Date ... 3.0-5.0% (4) Annual Rent Escalator ... does not include a $100M options payment already received from CoreWeave

Extension: Two 5-year CoreWeave extension options

CoreWeave has leased 526 MW of critical IT capacity for a period of 15 years, generating anticipated average annual revenue of over $1B for the combined three phases. ... Phase III Contracted Critical IT Load 133 MW

Extension: Two 5-year extension options

Over the 15-year initial term of the Phase I lease agreement, Galaxy expects to receive approximately $4.5B of total lease payments or $300M of average annual lease payments, which include the impact of an annual CPI-linked escalator ... Over the 15-year initial term for Phases I, II and III, Galaxy expects to receive over $1B in average annual lease payments at approximately 90% site-level EBITDA margins ... Phase I Contracted Critical IT Load 133 MW Expected Delivery Date 1H26 Gross Power 200 MW Phase II Contracted Critical IT Load 260 MW Expected Delivery Date 2027 Gross Power 400 MW Phase III Committed Critical IT Load 133 MW Expected Delivery Date 2028 Gross Power 200 MW Total Committed Critical IT Load 526 MW Expected Delivery Date 2028 Gross Power 800 MW

On July 28, 2026, Galaxy Helios Data Centers II LLC (“Issuer”), an indirect wholly owned subsidiary of Galaxy Digital Inc. (the “Company”), completed its previously announced private offering (the “Offering”) of 9.875% Senior Secured Notes due 2031 (the “Notes”). ... The aggregate principal amount of Notes sold in the Offering was $3,507,000,000.

On August 15, 2025, Galaxy Digital Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) by and among Galaxy Helios I, as borrower, Deutsche Bank AG, New York Branch, as initial lender, and GLAS USA LLC, in its capacity as administrative agent ... “Data Center” means that certain Data Center Facility to be constructed on the Trust Property pursuant to, among other agreements, the Construction Agreement and other Material Project Documents, which will comprise, when fully completed (a) the Building, (b) the Data Halls to be fitted out in the Building with an aggregate of at least 132.7 megawatts of critical electric power available for use by Coreweave pursuant to the Coreweave Lease, and (c) non-data hall spaces