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Empery Digital invests $20 million for 8% stake in Cardinal Data Power

PUBT·08/25/2026 12:31:31
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Empery Digital invests $20 million for 8% stake in Cardinal Data Power
  • Empery Digital closed a $20 million preferred equity investment for an 8% interest in Cardinal Data Power in July.
  • 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.
  • Signed an agreement to invest $65 million for a 25% interest in an entity acquiring a 150 MW Midwest facility.
  • Transaction is expected to close in Q3 2026, tied to a triple net lease under LOI with high investment grade counterparties.
  • 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.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Empery Digital Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260825186556) on August 25, 2026, and is solely responsible for the information contained therein.