InvestmentJul 23, 2026, 08:37 AM
Empery Digital Invests $20M in Cardinal Data Power for 8% Stake
AI Summary
Empery Digital Inc. announced a $20 million strategic investment in Cardinal Data Power, Inc. (CDP), a private developer of powered data center campuses. This investment, representing an approximately 8% ownership stake, deepens Empery Digital's partnership with Hunt Properties and aligns with its strategy to allocate capital to digital infrastructure opportunities. The funding is part of CDP's approximately $70 million Series A financing to support its inaugural 750 MW Phase I data center campus in West Texas, which is expected to deliver first power in 2027 and expand to over 5 GW over time.
Key Highlights
- Empery Digital invested $20 million in Cardinal Data Power, Inc. (CDP).
- The investment represents an approximately 8% ownership stake in CDP.
- CDP is a private developer of behind-the-meter powered data center campuses affiliated with Hunt Properties.
- The investment was part of CDP's approximately $70 million Series A financing.
- CDP's Series A financing is intended to support its inaugural data center campus in West Texas.
- CDP has a letter of intent for a 750 MW Phase I data center campus in West Texas.
- The West Texas campus is designed to deliver first power in 2027 and ramp to 1 GW by 2029, with expansion potential to over 5 GW.
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