Woofun AI reports that Empery Digital has executed a strategic pivot toward AI infrastructure, securing an 8% stake in Cardinal Data Power through a $20 million investment. This capital allocation marks a definitive departure from the firm’s previous Bitcoin treasury model, aligning its balance sheet with the growing demand for artificial intelligence data centers.

The transaction forms part of a $70 million Series A funding round finalized by Cardinal Data Power. These funds are designated for the development of a 750-megawatt data center campus in West Texas, with initial power delivery targeted for 2027. The project roadmap includes expansion to 1 gigawatt by 2029 and a long-term capacity exceeding 5 gigawatts. Cardinal Data Power’s operational model integrates power generation, natural gas supply, and electrical infrastructure to support high-performance computing workloads.

Empery Digital’s shift follows significant internal restructuring and asset liquidation. After abandoning its electric powersports business in mid-2025, the company began selling Bitcoin, disposing of approximately 1,400 BTC over a two-month period to generate nearly $87.1 million. Proceeds were directed toward debt repayment and AI infrastructure investments. This liquidation occurred under pressure from shareholder Tice P. Brown, who demanded the resignation of the chief executive officer and the board of directors, citing the need to abandon the digital asset strategy. Per Woofun AI, data from BitcoinTreasuries.NET shows reserves dropped to 1,514 BTC, down from a peak of 4,081 BTC held before trimming positions in March.

The broader landscape for digital asset treasury firms reflects similar structural transformations. On July 20, Satsuma Technology approved the total sale of its Bitcoin assets and its delisting from the London Stock Exchange, following a vote where more than 90% of shareholders supported capital return.

Concurrently, the proposed merger between Twenty One Capital, Strike, and Elektron Energy was scrapped. Strike remains an independent entity, while Twenty One Capital retains 43,514 BTC on its balance sheet.

Cardinal Data Power will maintain its execution timeline in Texas, with initial power distribution scheduled for 2027. This development underscores a widening divergence in corporate treasury strategies, as firms increasingly prioritize tangible infrastructure over speculative digital asset accumulation.