Head of AI Infrastructure Markets
Role in brief
Galaxy Digital is seeking a Head of AI Infrastructure Markets to define and execute their strategy for financializing AI infrastructure. This leadership role involves originating transactions, designing bespoke financial instruments, and building a team. It suits a seasoned professional with a background in building and scaling market businesses within illiquid or nascent markets, particularly those with a deep understanding of commodity flow dynamics.
About the role
This role involves developing and owning Galaxy's strategy for engaging with AI infrastructure markets. The focus will be on defining how the company will participate across various modes, such as brokerage, dealing, market-making, and structured lending. A key aspect is sequencing product introductions to build flow, relationships, and market data before full financialization.
A core responsibility is to originate transactions and establish a network of counterparties, including AI labs, neoclouds, hyperscalers, data-center developers, and financial entities. This involves generating proprietary market intelligence essential for downstream product development. The role also requires designing and structuring financial instruments like forwards, swaps, and options to help clients manage cost exposure or monetize idle capacity across the AI infrastructure stack.
Success in this position means building out a credit and structured-lending capability where opportunities arise, underwriting GPU fleets and data-center deployments based on contracted cash flows. It also involves sourcing liquidity, establishing exchange and OTC connectivity, and setting up operational and control infrastructure with legal, credit, and quantitative teams. Over time, the role will evolve to design and implement a principal risk-taking framework that integrates proprietary positioning with client offerings, while leading and expanding the team.
The salary for this position ranges from $260,000 to $290,000 annually.
Skills that matter here
- trading, brokerage, structured products, or physical commodities: This role requires experience in building and running a markets business within these areas, with a focus on taking a franchise from inception to scale.
- AI compute ecosystem: A working knowledge of data-center development, neoclouds, GPU economics, and hyperscaler dynamics is necessary to navigate this market.
- flow commodity defined by basis, term structure, and non-storability: Fluency in markets like power, freight, or bandwidth is crucial, as their characteristics of non-fungibility and obsolescence are relevant to AI infrastructure.
- pricing and manage risk in illiquid or nascent markets: The ability to handle basis risk, mark-to-model valuation, and proxy hedging is essential for designing instruments in undeveloped markets.
- Credit and structured-lending judgment: This includes experience with asset-backed and project-finance structures, and a clear understanding of the difference between bankable contracted off-take and merchant price risk.
- Python or a comparable language: Quantitative fluency, including the ability to build and interrogate pricing models, is expected.
Who this role suits
- A person who thrives on building and scaling new market businesses from the ground up, with a proven track record of running risk or structuring complex transactions.
- Someone with a deep understanding of commodity flow dynamics and the unique challenges of illiquid or nascent markets, comfortable with quantitative analysis and risk management.
- An individual who can effectively originate transactions, build extensive counterparty networks, and design bespoke financial instruments.
- A leader capable of building and managing a team across various functions, including origination, trading, structuring, and credit, while representing the company externally.
From the employer
What You’ll Do
- Develop and own the strategy for Galaxy's entry into AI infrastructure markets — define where Galaxy will engage across the range of modes (brokerage, dealing, market-making, structured lending) and how to sequence products so the business earns flow, relationships, and market data ahead of financialization
- Originate transactions and build the counterparty network across AI labs, neoclouds, hyperscalers, data-center and power developers, utilities and IPPs, crypto-mining operators, and financial counterparties, developing the proprietary market intelligence that any downstream product depends on
- Design and structure bespoke instruments — forwards, swaps, options, and take-or-pay and capacity-reservation structures — that let clients hedge cost exposure or monetize idle capacity across the AI infrastructure stack, spanning power and electricity, compute and GPU capacity, and inference and token cost
- Develop pricing and risk frameworks for instruments with limited or no existing liquidity, including mark-to-model valuation, basis decomposition, and proxy and cross-hedging methodologies
- Build a credit and structured-lending capability where it fits the opportunity — underwriting GPU fleets and data-center deployments against the quality and durability of their contracted cash flows
- Source liquidity, build exchange and OTC connectivity, and stand up the desk's operational and control infrastructure with legal, credit, and quantitative teams — risk limits, documentation, collateral arrangements, and booking processes — and, as the business matures, design and implement the principal risk-taking framework that integrates proprietary positioning into the client suite
- Build and lead the team across origination, trading, structuring, and credit; represent Galaxy with exchanges, benchmark and index providers, counterparties, and partners
What We’re Looking For
- 8+ years building and running a markets business — trading, brokerage, structured products, or physical commodities — with a track record of taking a franchise from zero to scale and running risk or structuring transactions
- Working knowledge of the AI compute ecosystem — data-center development, neoclouds, GPU economics, hyperscaler dynamics
- Range across modes (trade, structure, lend, intermediate) rather than a single-product specialty
- Deep fluency in a flow commodity defined by basis, term structure, and non-storability — power, freight, bandwidth/telecom, or a comparable market where non-fungibility and obsolescence shape how it trades
- Demonstrated ability to price and manage risk in illiquid or nascent markets — comfort with basis risk, mark-to-model valuation, and proxy hedging
- Credit and structured-lending judgment, including asset-backed and project-finance structures, with a sharp instinct for the difference between bankable contracted offtake and merchant price risk
- Quantitative fluency, including the ability to build and interrogate pricing models in Python or a comparable language
- Institutional-grade execution and a rigorous, skeptical, process-driven approach to risk
What We Offer
- Competitive base salary and discretionary bonus
- Hybrid/Flexible Working Arrangements
- Flexible Time Off (paid)
- 3% 401(k) company contribution
- Company-paid health and protective benefits for employees, partners, and other dependents
- Generous paid Parental Leave
- Competitive family planning benefits for US employees
- Opportunities to learn about the Crypto industry
- Smart, entrepreneurial, and fun colleagues
- Free daily snacks and weekly breakfasts/lunches
- Employee Resource Groups
- Free coaching and counseling sessions through Headspace
Questions about this role
What is the seniority level for this position?
This role is for a Head of AI Infrastructure Markets, indicating a senior leadership position.
What is the remote work policy for this role?
This is a remote position with flexible working arrangements.
What kind of experience is required for this role?
Candidates should have at least 8 years of experience building and running a markets business, with a focus on trading, brokerage, structured products, or physical commodities.