Bitcoin treasury firm Empery invests $65 million to build out AI data centers, targeting 15-year long-term cash flow.

Bitcoin treasury firm Empery Digital (NASDAQ: EMPD) plans to invest $65 million to acquire a 25% stake in a private entity that owns an AI data center property in the U.S. Midwest. The facility currently has approximately 150 MW of power capacity and its own substation, with potential expansion to around 300 MW in the future. Per the company’s prior disclosures, the project will adopt a 15-year triple-net (NNN) lease structure, with total potential lease payments of roughly $10 billion. Under the original plan, the 25% stake held by Empery is expected to generate over $440 million in lease revenue during the lease term, with payments set to begin in early 2027. However, the related lease arrangements are subject to the final signed formal agreement. This investment reflects Empery’s expansion of its business from bitcoin treasury to AI infrastructure. The company previously stated that its capital commitment to the project is limited to $65 million, while the potential tenant will cover the costs of data center renovation, electricity, and operations.