TL;DR:
- Empery Digital invested $20 million in Cardinal Data Power’s $70 million Series A round, acquiring an 8% stake in the firm.
- The company reduced its Bitcoin reserves to 1,514 BTC after selling approximately 1,400 BTC for $87.1 million over a two-month period.
- The capital raised was used to fund artificial intelligence infrastructure and repay corporate debt.
Corporate treasury firm Empery Digital announced a $20 million investment in data center developer Cardinal Data Power. The transaction gives it an approximately 8% stake in the technology company.
Strategic Pivot Toward Artificial Intelligence
The disbursement was part of a $70 million Series A funding round finalized by Cardinal Data Power. The funds will support the development of a 750-megawatt data center campus in West Texas. Project documentation indicates that the complex will deliver its first phase of power in 2027, with expansion targets of 1 gigawatt by 2029 and a projected long-term capacity exceeding 5 gigawatts.
Cardinal Data Power focuses its operations on developing computing campuses for artificial intelligence and high-performance computing workloads. According to the company’s corporate reports, its model integrates power generation, natural gas supply, and electrical infrastructure to accelerate the construction of large-scale facilities.
For its part, Empery Digital began moving away from its treasury accumulation model—a strategy it had adopted in mid-2025 after restructuring its former electric powersports business.
Reserve Asset Sales and Restructuring
Earlier this month, the company reported the sale of about 1,400 BTC over a two-month period, generating nearly $87.1 million. Executives directed the resources toward AI infrastructure and debt repayment.
This gradual liquidation occurred amid pressure from shareholder Tice P. Brown, who called for the abandonment of the digital asset treasury strategy and demanded the resignation of the chief executive officer and the board of directors.
Data from the portal BitcoinTreasuries.NET indicates that the transactions reduced the company’s reserves to 1,514 BTC. Previously, the firm held a peak balance of 4,081 BTC before beginning to trim its positions in March.
Shifts in Corporate Treasury Models
The landscape for digital asset treasury companies shows structural transformations this year. While some firms increase their exposure, others restructure their balance sheets or liquidate their holdings.
In this context, on July 20, Satsuma Technology approved the total sale of its Bitcoin assets and the subsequent cancellation of its listing on the London Stock Exchange, following a vote in which more than 90% of shareholders supported the return of capital. Concurrently, the proposed merger between Twenty One Capital, Strike, and Elektron Energy was scrapped, leaving Strike as an independent entity while Twenty One retains 43,514 BTC on its balance sheet.
Cardinal Data Power will maintain its execution timeline in Texas with a view to starting initial power distribution scheduled for 2027.
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