ME News reports that on July 23 (UTC+8), Empery Digital, a Nasdaq-listed Bitcoin treasury company, announced the completion of a $20 million strategic preferred stock investment in AI data center developer Cardinal Data Power (CDP), resulting in an approximate 8% equity stake in CDP. This investment is a key component of CDP’s $70 million Series A funding round, with all proceeds allocated to developing its first AI data center campus in West Texas, USA. (Source: ODAILY)
Empery Digital Invests $20 Million in CDP for AI Data Center Expansion
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Summary
Empery Digital announced a $20 million investment in AI data center company Cardinal Data Power (CDP) on July 23, securing an 8% stake. The funding is part of CDP’s $70 million Series A round to develop its first AI data center park in West Texas. This move follows evolving inflation data and growing interest in AI and crypto news. Empery, listed on Nasdaq, is expanding into AI infrastructure through a preferred stock offering. The project aims to enhance computing capacity for AI training and data processing.
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