Empery Digital shifts from Bitcoin treasury toward AI data centers

Empery Digital's sale of 1,400 BTC and new AI-infrastructure investment show a shift in how the Nasdaq-listed company is allocating capital, while leaving it exposed to Bitcoin and debt.

The company sold the Bitcoin between May 7 and July 10 at an average price of $62,200, raising about $87.1 million. It used $10 million to repay debt and said the remaining cash was intended for a Midwest property purchase, stockholder-litigation expenses, and operations. On July 10, Empery held 1,514 BTC, about $73.9 million in treasury cash, and $45 million in facility debt.

On July 20, Empery completed a $20 million preferred-equity investment in Cardinal Data Power, receiving about 8% of the Hunt Properties-affiliated developer. The investment was part of a proposed $70 million Series A for a West Texas data-center campus. Empery has not said the Bitcoin sales directly financed the deal.

A separate $65 million Midwest property commitment remains unfinished. Empery had contributed $2.9 million and committed another $62.1 million, subject to closing conditions. The prospective tenant arrangement is still a non-binding letter of intent. The company also stopped its Bitcoin treasury dashboard in June, saying it no longer captured total company NAV.