BTC treasury firm Empery Digital invests $20M in AI data center developer Cardinal Data PowerThe investment marks Empery’s latest push into AI infrastructure as the company shifts capital away from its Bitcoin treasury strategy.
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Empery Digital, previously focused on a Bitcoin treasury strategy adopted in mid-2025, has shifted its capital allocation toward artificial intelligence (AI) infrastructure. The company invested $20 million in Cardinal Data Power, acquiring an approximately 8% stake in the private developer. This investment is part of Cardinal Data Power’s $70 million Series A financing round supporting the development of a 750-megawatt AI-focused data center campus in West Texas, which is planned to deliver its first power in 2027, grow to about 1 gigawatt by 2029, and eventually exceed 5 gigawatts. Cardinal develops data center campuses combining power generation, natural gas supply, and electrical infrastructure aimed at accelerating large-scale computing for AI and high-performance workloads.
Empery Digital has been reducing its Bitcoin holdings recently, having sold about 1,400 BTC over two months for approximately $87.1 million. The funds raised were used to finance AI infrastructure investments and repay debt. This sale reduced Empery’s Bitcoin holdings to 1,514 BTC from a previous maximum of 4,081 BTC. The move away from Bitcoin treasury accumulation came amid pressure from shareholder Tice P. Brown, who urged the company to abandon its Bitcoin treasury strategy and called for leadership changes.
The article situates Empery’s strategic shift within a broader industry context where Bitcoin treasury companies are taking divergent paths. Some companies, like Satsuma Technology, have decided to liquidate Bitcoin holdings entirely and return capital to investors, while others such as Twenty One Capital remain committed to Bitcoin accumulation despite recent changes in merger plans. Additionally, new models are emerging, exemplified by Orange Juice HODLINGS, a company combining Bitcoin reserves with long-term ownership of profitable businesses. This evolving landscape reflects different approaches to balancing Bitcoin holdings and broader investment strategies in the crypto sector.