BTC treasury firm Empery Digital invests $20M in AI data center developer Cardinal Data Power

Written by Nate Kostarstaff writerReviewed by Robert Lakinstaff editorWritten by Nate Kostarstaff writerReviewed by Robert Lakinstaff editorBTC treasury firm Empery Digital invests $20M in AI data center developer Cardinal Data PowerLatest NewsPublishedJul 23, 2026The investment marks Empery’s latest push into AI infrastructure as the company shifts capital away from its Bitcoin treasury strategy.Empery Digital said it invested $20 million in Cardinal Data Power, acquiring an approximately 8% stake in the private developer of powered data center campuses.The investment was part of Cardinal Data Power’s approximately $70 million Series A financing and will support development of a 750-megawatt data center campus in West Texas. The project is expected to deliver its first power in 2027, expand to about 1 gigawatt by 2029 and eventually exceed 5 gigawatts.Cardinal develops powered data center campuses for artificial intelligence and high-performance computing workloads. The company said it combines power generation, natural gas supply and electrical infrastructure to accelerate development of large-scale computing sites.Empery has been moving away from its Bitcoin (BTC) treasury strategy, which it adopted in mid-2025 after pivoting from its former electric powersports business. Earlier this month, the company disclosed it had sold about 1,400 Bitcoin over a two-month period for roughly $87.1 million, using the proceeds to fund AI infrastructure investments and repay debt.The sale came as Empery faced mounting pressure from shareholder Tice P. Brown, who called on the company to abandon its treasury strategy and sought the resignation of its chief executive officer and board. The transactions reduced the company’s Bitcoin holdings to 1,514 BTC. Empery had previously held as many as 4,081 BTC before beginning to trim its position in March, according to data from BitcoinTreasuries.NET.Related: Bernstein says Bitcoin mining deals necessary for AI power crunchBitcoin tre…

BTC treasury firm Empery Digital invests $20M in AI data center developer Cardinal Data Power

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