Empery Digital Sells 1,400 BTC for $87.1M to Fund AI Data Center, July 10 Filing Shows

BTC0.08%
According to The Block, Nasdaq-listed Empery Digital disclosed in an 8-K filing on July 10 that it has sold 1,400 bitcoins since May 7 at an average price of $62,200, raising approximately $87.1 million. The proceeds will be used to repay $10 million in debt and fund a $65 million AI data center project in partnership with Hunt Properties, which will give Empery a 25% stake in the industrial facility conversion.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments