Empery Digital is dumping Bitcoin to build data centers. The company announced on June 30 that it’s investing $65 million to acquire a 25% stake in a new AI data center project, a 150 MW facility in the Midwest developed alongside Hunt Properties. To fund the deal, Empery has been liquidating its Bitcoin holdings, and it’s not planning to buy any more.
The company now holds approximately 2,914 BTC, down from over 4,000 BTC at its peak. For a firm that literally rebranded itself around Bitcoin less than 12 months ago, this is quite the about-face.
From electric vehicles to Bitcoin to AI in under two years
The company was previously known as Volcon, an electric vehicle maker that pivoted to a Bitcoin treasury strategy when it rebranded as Empery Digital in July 2025.
That Bitcoin-first approach lasted roughly a year. The company is now discontinuing its Bitcoin treasury dashboard entirely, signaling that the crypto accumulation playbook is officially closed. Future capital allocation, according to the announcement, will focus on “hyperscaler-anchored data center deals,” with spending capped at the $65 million investment level.
