Empery Digital, a Nasdaq-listed bitcoin treasury company, said it has completed a $20 million strategic investment in preferred shares of AI data center developer Cardinal Data Power, or CDP. After the transaction, Empery Digital will hold about an 8% stake in the company. The investment forms a key part of CDP’s $70 million Series A financing round. According to the announcement, all of the proceeds will be used to advance construction of CDP’s first AI data center campus in West Texas, United States. The news was cited by Businesswire and carried by Odaily.
Empery Digital, a Nasdaq-listed bitcoin treasury company, said it has completed a $20 million strategic investment in preferred shares of AI data center developer Cardinal Data Power (CDP).
Once the deal closed, Empery Digital held about an 8% equity stake in CDP.
The investment is an important part of CDP’s $70 million Series A round. The company said all of the capital raised will go toward building its first AI data center campus in West Texas in the United States.
The announcement was cited by Businesswire.
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