Empery Digital, a Nasdaq‑listed Bitcoin treasury company, sold about 1,400 BTC between May 7 and July 10, generating roughly $87 million in proceeds and using part of the funds to acquire an 8 % stake in Cardinal Data Power, a Hunt Properties‑affiliated developer, as part of a $70 million Series A intended to support a West Texas data‑center campus. The company discontinued its treasury dashboard on June 30, stating that Bitcoin‑based net asset value no longer fully reflected its total NAV, and repaid $10 million of debt with the sale proceeds while allocating cash to a Midwest property purchase, litigation expenses and operations. As of July 10, Empery held 1,514 BTC valued at approximately $73.9 million and carried $45 million of debt. The Cardinal investment closed on July 20, while a separate $65 million commitment through EMHU for a Midwest property remains contingent on due diligence and a non‑binding lease letter of intent. The pending property acquisition and lease finalization will test whether the company’s pivot to AI data‑center assets can move beyond balance‑sheet exposure while still retaining its Bitcoin holdings and debt obligations.