Currencies38131
Market Cap$ 2.27T+1.49%
24h Spot Volume$ 33.09B-0.07%
DominanceBTC56.38%+0.14%ETH9.50%+1.52%
ETH Gas0.11 Gwei
Cryptorank
/

Empery Digital pivots from Bitcoin treasury with $65 million AI data center deal


Empery Digital pivots from Bitcoin treasury with $65 million AI data center deal

Share:

AI Overview

Empery Digital (NASDAQ: EMPD) is reallocating $65 million to build AI infrastructure after months of shareholder revolt and forced BTC liquidations that gutted its Bitcoin treasury strategy, according to an SEC filing and a company press release. The pivot cuts the Austin-based firm's crypto exposure and fundraising focus away from Bitcoin and signals reduced support for crypto adoption and Bitcoin demand.

Bearish

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
Empery Digital (NASDAQ: EMPD), the former electric vehicle maker turned Bitcoin treasury firm, is betting $65 million on AI infrastructure after months of shareholder revolt and forced BTC liquidations gutted its original crypto strategy. It was seen in an SEC filing and confirmed in a press release by the Austin-based company that it will acquire...
Read the article at CryptoPolitan

In This News

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share: