BTC treasury firm Empery Digital invests $20M in AI data center developer Cardinal Data Power
Empery Digital invested $20 million in Cardinal Data Power, taking about an 8% stake as part of Cardinal’s roughly $70 million Series A. The funds will help build a 750-megawatt powered data center campus in West Texas, aimed at AI and high-performance computing, with first power expected in 2027 and expansion to more than 5 gigawatts over time. Cardinal pairs power generation, natural gas supply, and electrical infrastructure to speed large-scale campus development. The investment fits Empery’s shift away from its Bitcoin treasury strategy. The company recently sold about 1,400 BTC for roughly $87.1 million to fund AI infrastructure and reduce debt, cutting holdings to 1,514 BTC from a peak of 4,081 BTC. The move came amid pressure from a shareholder to end the strategy and replace leadership.
