Bitcoin Treasury Firm Empery Digital Invests $20M in Cardinal Data Power for 750-MW AI Data Center

BTC-2.03%
Empery Digital invested $20 million this month in Cardinal Data Power, acquiring approximately 8% stake in the private AI data center developer. The investment was part of Cardinal's roughly $70 million Series A financing round and will support development of a 750-megawatt data center campus in West Texas, with first power delivery expected in 2027 and expansion to approximately 1 gigawatt by 2029. The move reflects Empery's strategic pivot away from Bitcoin accumulation; the company disclosed it sold about 1,400 BTC over two months for roughly $87.1 million to fund AI infrastructure investments, reducing its total holdings to 1,514 BTC.
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