By Chris Wack
Empery Digital said it plans to invest $65 million for a minority stake in a Midwest AI data center property.
The company said it has entered into a definitive agreement for 25% ownership in a private entity that is buying a facility to be converted into an AI data center.
The company said the facility has operated as a power-intensive industrial facility for the past three years, and includes an owned substation and associated infrastructure for the 150 megawatts of currently available capacity under an existing power agreement with the local utility.
Empery Digital said a recent load study confirmed the facility's ability to almost double the available power to 300 MW ready for AI workloads.
Empery Digital and Hunt Properties have entered a strategic partnership to jointly originate, evaluate, and acquire powered land properties with secured tenants suitable for AI and high-performance computing data center development.
The investment is expected to close in the third quarter of 2026, subject to customary closing conditions.
Write to Chris Wack at chris.wack@wsj.com