Growth & Development Analyst (Data Centers)

Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. We believe that blockchain and digital asset innovation will transform how value moves through the world and are building the products and services to make that future a reality. Our institutional digital assets platform spans trading, investment banking, asset management, staking, self-custody, and tokenization technology. We also invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, addressing the growing demand for scalable energy and compute in the U.S. We work at the intersection of finance and technology, helping institutions, startups, and developers navigate a digitally native economy. Led by CEO and Founder Michael Novogratz, our team blends deep crypto expertise with institutional experience and a shared commitment to shaping the future of Web3 and AI. Galaxy is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Learn more at www.galaxy.com.

Introduction

Galaxy is seeking a Growth & Development Analyst for our rapidly expanding data center business. This role is central to our commercial efforts, encompassing site origination, leasing, market research, and corporate development. The ideal candidate will possess strong financial modeling skills and experience in real estate development, data center markets, infrastructure finance, or power development. You will work closely with senior leaders on high-impact transactions, requiring significant ownership and independent judgment.

Responsibilities

Deal Origination & Site Evaluation

• Identify and evaluate data center development opportunities in target markets, coordinating with power and land teams on availability, fiber infrastructure, and permitting.
• Conduct comprehensive site selection analyses, considering energy access, cooling infrastructure, geotechnical, environmental, and zoning requirements.
• Build and maintain a pipeline of development opportunities, tracking key milestones and market dynamics.
• Create and manage a database of current and past site opportunities.
• Cultivate relationships with brokers, landowners, utilities, municipalities, and regional development authorities to source off-market opportunities.

Strategy & Market Intelligence

• Monitor industry trends, competitive dynamics, and market developments within the data center and power ecosystems.
• Analyze hyperscaler demand signals, colocation market supply/demand, and power infrastructure constraints to inform site prioritization and investment strategies.
• Leverage AI tools to enhance efficiency, analytical quality, and decision-making speed.
• Manage a database of relevant data center transactions and regularly report market insights to the executive team.

Financial Analysis & Underwriting

• Develop and maintain financial models for the full project lifecycle, from greenfield feasibility through stabilized operations and exit, incorporating project-level debt, joint venture waterfalls, and key return metrics (IRR, MOIC, NPV).
• Underwrite customer contracts, conducting detailed revenue, cost, and return analysis at the asset level.
• Evaluate capitalization structures using conventional and alternative financing sources, including construction lending, sale-leasebacks, preferred equity, and infrastructure fund capital.
• Analyze power purchase agreements, interconnection agreements, development services agreements, and ground leases, focusing on economic terms and risk allocation.

Deal Execution & Transaction Management

• Support end-to-end transaction processes, including financial modeling, valuation, due diligence coordination, deal structuring, and closing logistics.
• Prepare investment memos, feasibility studies, and executive-level presentations for senior leadership and Investment Committee review.
• Coordinate third-party diligence workflows across legal, environmental, engineering, and title workstreams.
• Assist in preparing offering memoranda, data room materials, and investor outreach packages to support capital raising efforts.
• Manage RFP processes for general contractors, engineers, and other vendors.

Requirements

• 2+ years of experience in one or more of the following: real estate development or acquisitions, infrastructure finance, data centers, investment banking (real assets/infrastructure/utilities coverage), private equity, or power and utilities.
• Strong financial modeling skills.
• Experience or ability to learn to analyze and interpret real estate and infrastructure documents: LOIs, PPAs, DSAs, development agreements, operating agreements, and due diligence reports.
• Ability to manage multiple active workstreams simultaneously with strong ownership, judgment, and execution habits.
• Proficiency in using AI to build custom tools and accelerate workstreams.
• Clear, concise written and verbal communication skills; capable of preparing executive-ready materials and presenting to senior leadership.
• Bachelor's degree in Finance, Real Estate, Economics, Engineering, or a related quantitative field.
• Proficiency in Microsoft Excel and PowerPoint; comfort with large datasets and analytical tools.

Nice to Have

• Direct exposure to data center site acquisition, development, or hyperscale/colocation leasing.
• Familiarity with power markets and grid interconnection processes, including ERCOT, MISO, PJM, or Southeast utility frameworks.
• Experience evaluating power purchase agreements, interconnection agreements, or energy infrastructure contracts.
• Knowledge of entitlement, permitting, and land development processes for large-scale industrial or technology facilities.
• Experience with GIS mapping tools or other real estate/infrastructure analytics platforms.
• Entrepreneurial mindset and genuine interest in digital infrastructure, AI compute, and the energy transition.

Benefits

• Competitive base salary ($95,000—$135,000 USD/year) and discretionary bonus.
• Flexible Time Off (unlimited paid vacation days).
• Company-paid Holidays (11).
• Company-paid sick leave.
• Company-paid health and protective benefits for employees, partners, and other dependents.
• 3% 401(k) company contribution.
• Generous paid Parental Leave.
• Free virtual coaching and counseling sessions through Ginger.
• Opportunities to learn about the Crypto and Data Center industries.
• Free daily snacks in-office.
• Smart, entrepreneurial, and fun colleagues.
• Employee Resource Groups.

About Company

Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. We believe that blockchain and digital asset innovation will transform how value moves through the world and are building the products and services to make that future a reality. Our institutional digital assets platform spans trading, investment banking, asset management, staking, self-custody, and tokenization technology. We also invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, addressing the growing demand for scalable energy and compute in the U.S. We work at the intersection of finance and technology, helping institutions, startups, and developers navigate a digitally native economy. Led by CEO and Founder Michael Novogratz, our team blends deep crypto expertise with institutional experience and a shared commitment to shaping the future of Web3 and AI. Galaxy is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Learn more at www.galaxy.com.

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