Bitcoin Treasury Firm Empery Digital Makes $20M AI Data Center Bet

Empery Digital is continuing a strategic shift away from a Bitcoin treasury model toward AI infrastructure. The company invested $20 million in Cardinal Data Power as part of a $70 million Series A round, taking an estimated 8% stake. The funding will help develop a 750-megawatt AI and high-performance computing data center campus in West Texas, with first power expected in 2027 and expansion plans up to 1 gigawatt by 2029 and beyond 5 gigawatts long term. To finance the pivot, Empery Digital sold about 1,400 BTC over two months for roughly $87.1 million and reduced its holdings to 1,514 BTC. The move highlights a broader reset among digital asset treasury firms, with capital increasingly redirected from Bitcoin accumulation toward real-world infrastructure and balance-sheet cleanup.