Empery Digital invests $20M in Cardinal Data Power for West Texas data center campus

Type: Investment · Technology: Data Center · Country: United States · Value: $20M · Announced: 2026-07-20

Empery Digital Inc. has completed a $20 million preferred equity investment in Cardinal Data Power, Inc., acquiring an approximately 8% ownership stake. This investment is part of Cardinal Data Power's larger $70 million Series A financing round. Cardinal Data Power plans to develop an inaugural data center campus in West Texas, with a letter of intent for a 750 MW Phase I facility. The site spans over 3,500 acres and is designed to deliver first power in 2027, ramping up to approximately 1 GW of gross capacity by 2029, with ultimate potential to support over 5 GW. This partnership aligns with Empery Digital's strategy to invest in digital infrastructure, particularly AI-focused and hyperscaler-anchored power and data center projects.

Analysis

Empery Digital Inc. has invested $20 million in Cardinal Data Power, Inc., acquiring an approximately 8% ownership stake. Empery Digital is a publicly traded bitcoin treasury company that has previously invested in digital infrastructure, including a $65 million acquisition of a 150 MW Midwest facility to develop an AI data center. Cardinal Data Power plans to develop an inaugural data center campus in West Texas, with a letter of intent for a 750 MW Phase I facility. The investment is part of Cardinal Data Power's larger $70 million Series A financing round, with the West Texas site expected to deliver first power in 2027 and ramp up to approximately 1 GW of gross capacity by 2029. The site spans over 3,500 acres and has the ultimate potential to support over 5 GW.

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