Hunt Family, Crow Holdings, Nasdaq-Listed Empery Digital Partner on $1B Data Center Deal

According to Reuters, Texas billionaire families Hunt Properties and Crow Holdings have partnered with Nasdaq-listed Bitcoin miner Empery Digital on large-scale data center infrastructure. The three parties agreed to acquire an industrial facility in the U.S. Midwest with 150-megawatt capacity for $230 million, with plans to expand it to approximately 300 megawatts.

Empery Digital separately agreed to acquire a 25% stake in a private entity managed by Hunt Properties affiliates for $65 million. The partnership aims to execute a series of data center acquisitions leveraging the Hunt family's power resources expertise, Crow's real estate capabilities, and Empery Digital's public market access. A non-binding letter of intent with an unnamed cloud computing company targets potential lease agreements worth up to $1 billion.