Empery Digital invests $20 million for 8% stake in Cardinal Data Power
EMPD•Empery Digital closes preferred equity investment in Cardinal Data Power
- Empery Digital closed a $20 million preferred equity investment in Cardinal Data Power on July 20, 2026.
- The investment represents an approximately 8% ownership stake in the Hunt Properties-affiliated data center power developer.
- The transaction formed part of an approximately $70 million Series A financing for Cardinal Data Power’s inaugural West Texas campus.
- Empery Digital entered a letter of intent tied to a 750 MW Phase I data center campus at the West Texas site.
