PartnershipJun 30, 2026, 08:37 AM
Empery Digital Forms Partnership, Invests $65M in AI Data Center
AI Summary
Empery Digital Inc. announced a strategic partnership with Cardinal Power LLC, an affiliate of Hunt Properties, to originate and acquire powered land for AI and high-performance computing data centers. Empery Digital will invest $65 million for a 25% ownership stake in EMHU, LLC, a newly formed joint venture. The partnership plans to acquire a Midwest property for approximately $230 million to be converted into an AI data center with 150 MW capacity, expandable to 300 MW, and has a non-binding LOI for a triple net lease potentially worth $1 billion.
Key Highlights
- Formed strategic partnership with Cardinal Power LLC (Hunt Properties affiliate).
- Established EMHU, LLC joint venture with TexStack Infrastructure, LLC.
- Empery Digital to invest $65 million for a 25% stake in the data center entity.
- Initial capital contribution of $2.9 million, with $62.1 million committed later.
- Partnership to acquire Midwest property for approximately $230 million for AI data center.
- Data center property has 150 MW capacity, expandable to 300 MW.
- Non-binding LOI for triple net lease could generate $1 billion in payments.
- Discontinuing Bitcoin treasury dashboard, focusing on total NAV.
Price Impact
More from EMPD