Empery Digital invests $20M in Cardinal Data Power
Empery Digital invested $20 million for about an 8% stake in Cardinal Data Power to fund a 750‑megawatt West Texas AI data center campus due to deliver first power in 2027.
Empery Digital invested $20 million to acquire roughly an 8% stake in Cardinal Data Power as part of the developer’s approximately $70 million Series A financing. The capital will support a 750‑megawatt AI and high‑performance computing data center campus in West Texas that is expected to deliver first power in 2027. The project is planned to expand to about 1 gigawatt by 2029 and to exceed 5 gigawatts over time.
Cardinal builds powered data center campuses that combine on‑site power generation, natural gas supply and electrical infrastructure. The company designs those elements to shorten the time needed to bring large‑scale computing capacity online compared with conventional data center builds. The West Texas campus is the initial major development disclosed in the Series A round.
Empery’s $20 million investment represents about 8% ownership as Cardinal raises roughly $70 million in total. The developer has outlined staged power deliveries, with the first phase scheduled for 2027 and further buildouts through 2029 and beyond.
Empery previously adopted a Bitcoin treasury approach in mid‑2025 after exiting its electric powersports business. Over a two‑month period earlier this month the company sold about 1,400 bitcoins for roughly $87.1 million, using the proceeds to fund AI infrastructure investments and to repay debt. Data from BitcoinTreasuries.NET show Empery’s holdings declined to 1,514 BTC from a prior peak of 4,081 BTC.
Shareholder Tice P. Brown had pressed Empery to abandon the Bitcoin treasury strategy and sought resignations of the chief executive and the board. Empery disclosed the asset sales and the Cardinal investment in regulatory filings.
Cardinal plans to use the Series A proceeds to advance site development, secure fuel and power contracts, and build the campus electrical infrastructure. Empery’s filing indicates the investment is part of a reallocation of capital into energy and compute infrastructure designed to serve AI and high‑performance computing customers.
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