Bitcoin Treasury Firm Empery Digital Makes $20M AI Data Center Bet
TL;DR:
- Empery Digital invested $20 million in Cardinal Data Power’s $70 million Series A round, acquiring an 8% stake in the firm.
- The company reduced its Bitcoin reserves to 1,514 BTC after selling approximately 1,400 BTC for $87.1 million over a two-month period.
- The capital raised was used to fund artificial intelligence infrastructure and repay corporate debt.
Corporate treasury firm Empery Digital announced a $20 million investment in data center developer Cardinal Data Power. The transaction gives it an approximately 8% stake in the technology company.
Strategic Pivot Toward Artificial Intelligence
The disbursement was part of a $70 million Series A funding round finalized by Cardinal Data Power. The funds will support the development of a 750-megawatt data center campus in West Texas. Project documentation indicates that the complex will deliver its first phase of power in 2027, with expansion targets of 1 gigawatt by 2029 and a projected long-term capacity exceeding 5 gigawatts.
Cardinal Data Power focuses its operations on developing computing campuses for artificial intelligence and high-performance computing workloads. According to the company’s corporate reports, its model integrates power generation, natural gas supply, and electrical infrastructure to accelerate the construction of large-scale facilities.
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