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3. Empery Digital Inc. (NASDAQ:EMPD)

On July 1, 2026, Empery Digital Inc. (NASDAQ:EMPD) provided additional information on the capital needs tied to its investment in a Midwest facility being converted into an AI data center. Empery Digital said its funding obligations are limited to the $65M required to close its 25% ownership in the private entity acquiring the facility. Under the non-binding LOI, data center build-out costs, power usage, and operating costs are expected to be funded solely by the potential tenant.

On June 30, Empery Digital announced that it entered into a definitive agreement for the $65M investment. The facility has operated as a power-intensive industrial facility for the past three years and includes an owned substation and infrastructure for approximately 150 MW of currently available capacity under an existing power agreement with the local utility. A recent load study confirmed the facility’s ability to almost double available power to approximately 300 MW, ready for AI workloads.

Empery Digital said it currently has the capital required to fund the investment from its balance sheet and does not intend to issue equity at or near current share price levels. The company still holds bitcoin but does not currently plan to accumulate more and may sell bitcoin to fund this and similar future opportunities.

Empery Digital Inc. (NASDAQ:EMPD) engages in a digital asset treasury business in the United States.