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

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 t...