Empery Completes AI-Infrastructure Investment with Cardinal Data Power Stake

Nasdaq-listed Bitcoin treasury company Empery Digital has completed its pivot into AI-infrastructure investments, closing a $20 million preferred-equity stake in Cardinal Data Power. This deal is part of an approximately $70 million Series A intended to support Cardinal's proposed West Texas data-center campus.

The investment confirms a broader capital-allocation shift by Empery, which discontinued its treasury dashboard on June 30 due to changing NAV reporting requirements. The company had sold 1,400 BTC from May 7 through July 10 at an average price of $62,200, generating approximately $87.1 million in gross proceeds.

As of July 10, Empery reported 1,514 BTC and $73.9 million in treasury cash, with $45 million outstanding on its debt facility. The company's investment commitment to a Midwest property acquisition remains conditional, with a potential return of $400,000 if the agreement terminates before closing.