Inside the $87 million BTC sell-off driving a Bitcoin treasury pivot into AI data centers

Jul. 27, 2026 at 8:22 am GMT • Updated Jul. 27, 2026 at 8:23 am GMT • 2 min read 01 Empery closed a $20 million preferred-equity investment in Cardinal Data Power as part of its shift beyond Bitcoin treasury management. 02 The deal supports a planned West Texas data-center campus, though its capacity, lease conversion, and power dates remain only projections. 03 Empery still held 1,514 BTC and $45 million of debt, while a separate $65 million property commitment remains conditional.Nasdaq-listed Bitcoin treasury company Empery Digital has added a completed AI-infrastructure investment to its strategy, closing a $20 million preferred-equity stake in Cardinal Data Power while a much larger property commitment remains conditional.The company said it signed and closed the Cardinal investment on July 20, taking an approximately 8% stake in the Hunt Properties-affiliated developer. The deal formed part of an approximately $70 million Series A intended to support Cardinal’s proposed West Texas data-center campus. Its future capacity, conversion of a campus letter of intent into a binding lease, and power-delivery dates remain projections.The closed investment confirms a broader capital-al...