Empery Digital invests $20 million for 8% stake in Cardinal Data Power
EMPD•Data center campus and Midwest facility plans
The deal backs a behind-the-meter data center campus in West Texas, now planned at 1.3 GW in phase I with first power in 2027.
Empery Digital also signed an agreement to invest $65 million for a 25% interest in an entity acquiring a 150 MW Midwest facility. The transaction is expected to close in Q3 2026, tied to a triple net lease under LOI with high investment grade counterparties.
The facility could generate up to $2 billion in lease payments, implying more than $440 million in cash flows to Empery Digital over the lease term.
Preferred equity investment in Cardinal Data Power
Empery Digital closed a $20 million preferred equity investment for an 8% interest in Cardinal Data Power in July.
