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EMPD News
EMPD Events
Empery Digital Repurchases 122,955 Shares, Invests $65M in AI Data Center
Empery Digital provided an update on its share repurchases, capital allocation priorities and Midwest AI data center investment. Following the Company's Annual Meeting, the Board and management are excited to now focus solely on creating value for all shareholders. The Company has resumed repurchasing shares under its existing share repurchase program, reflecting its continued belief that its shares are significantly undervalued relative to its balance sheet and that repurchasing shares at current levels represents an attractive allocation of capital. Going forward, the Company intends to repurchase shares opportunistically while maintaining sufficient cash to fund its current commitments and capitalize on future AI infrastructure opportunities. In the week ending October 23, 2026, the Company repurchased 122,955 shares of its common stock under its $200 million share repurchase program at an average price of $2.89 per share, including fees and commissions. As of October 23, 2026, the Company has repurchased an aggregate of 26,363,499 shares of its common stock. Following these repurchases, Empery Digital has 29,694,955 shares outstanding, after giving effect to the potential exercise of 1,653,686 pre-funded warrants, and approximately $50M remains available under the share repurchase authorization. As of October 23, 2026, the Company held 1,018 bitcoin, approximately $70M in cash and approximately $35M in debt. The Company's partner, Hunt Properties, Inc., continues to advance the 15-year triple net lease for the Midwest AI data center facility that is expected to service high investment grade counterparties and expects to execute the lease in the near term. As previously announced, Empery Digital agreed to invest $65M for a 25% interest in the private entity acquiring the facility, which offers 150 megawatts of power with an owned substation and the potential to expand to approximately 300 megawatts of power. Under the triple-net lease structure, the tenant will be expected to fund the data center buildout, power usage and operating costs, with Empery Digital's funding obligation limited to its initial $65M investment. Hunt Properties continues to pursue attractive lease terms for the partnership.
Empery Digital Shareholders Elect Eight Directors
Empery Digital announced that based on the preliminary results provided by the independent Inspector of Elections following the company's 2026 Annual Meeting of Shareholders held yesterday, Empery Digital shareholders have elected eight of the company's director nominees to serve on its nine member Board of Directors. The directors elected to serve on the Board for the next year are Ryan Lane, John Kim, Ian Read, Matthew Homer, Jonathan Foster, Adrian Solgaard, Rohan Chauhan, E. Taylor Robertson and Aaron T. Morris. Ryan Lane, Chairman and Co-CEO of Empery Digital, said: "We thank our shareholders for their support and confidence in Empery Digital's Board and management team. The past few weeks have given us an important chance to constructively engage with our shareholders and listen to their valuable input. We are committed to continuing that constructive dialogue as we look to capitalize on the AI infrastructure opportunity, which we believe is the most compelling value creation opportunity of our time."
Hunt Properties Updates on AI Data Center Investment with Empery Digital
Hunt Properties provided an update on its joint Midwest AI data center investment partnership with Empery Digital. The 15-year triple net lease for the Midwest AI data center continues to progress, with an expectation of execution in the near term. The property is comprised of a 150-megawatt facility, with an owned substation and the opportunity to upgrade capacity to approximately 300 megawatts. Hunt Properties reiterates its belief in this project because of the finite amount of available grid power, the intense demand for compute and the ideal location of this property. Hunt Properties continues to pursue the best possible lease terms for the partnership and ultimate success of the project. "We believe that the future success of our partnership relies heavily on Empery Digital's current board and management team and the continued ability to execute upon our shared vision for AI infrastructure," said Al Allred, Chairman of Hunt Properties. "We remain dedicated to working with the existing board and that is why we voted our shares to elect the company's proposed nine nominees."
ATG Capital Management Gains Shareholder Support Against Empery's Stock Plan
ATG Capital Management, which owns about 16% of Empery Digital, or 4.5M shares, announced that proxy advisers Glass Lewis and Egan-Jones joined Institutional Shareholder Services in recommending stockholders vote on its GOLD universal proxy card at Empery's October 14 annual meeting. Glass Lewis backed ATG nominees James Elbaor, Gabriel Gliksberg and Aaron Morris and recommended withholding on chair and co-CEO Ryan Lane, Ian Read and Orn Olason. Egan-Jones backed all four ATG nominees, adding Meredith Kirshenbaum, and also recommended voting against Empery's 2025 stock plan. Egan-Jones noted that since Empery announced its bitcoin strategy in July 2025 the shares have returned negative 67% against positive 26% for the broad market.
Coinbase Receives CFTC Approval for Derivatives Clearing
As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.COINBASE RECEIVES CFTC APPROVAL FOR COINBASE CLEARING:Coinbaseannounced Monday it has receivedits own derivatives clearing organization. "Together with our derivatives broker, a Futures Commission Merchant and derivatives exchange, a Designated Contract Market, Coinbase Clearing LLC completes our full suite derivatives platform," Coinbase said in a blog post. "Regulatory approval for Coinbase Clearing marks clear, incremental progress on Coinbase's commitment to expanding access for regulated products and to building the financial infrastructure for the onchain economy. We will look to strengthen the infrastructure that supports our products today and build a scalable foundation for the future."Additionally on Monday, Coinbase and Citiannounced anfor corporations and consumers. Coinbase has selected Citi's Virtual Account Wallet solution, part of Citi Services' Banking-as-a-Service capabilities, to power Coinbase Virtual Accounts. This provides Coinbase's payments customers with bank-account-like functionality to accept, hold, and pay funds, with incoming fiat automatically converted into stablecoins. In parallel, Citi will enable its institutional clients to accept stablecoin payments at checkout through Spring by Citi, its integrated payment acceptance platform. Coinbase Payments powers the stablecoin acceptance. The solution automatically converts digital currency into fiat, with Citi settling funds as the bank of record. This allows merchants to serve over 150M stablecoin holders globally without needing to hold, custody or manage digital assets directly."This partnership with Coinbase is a pivotal step in our ongoing Services strategy to provide optionality for our clients," said Shahmir Khaliq, Head of Services, Citi. "We provide regulated, bank-grade solutions that remove significant hurdles for clients who want to engage in the digital economy, while also providing a foundational service for a leading virtual asset service provider like Coinbase."Keefe Bruyette resumed coverage of Coinbase with an Outperform rating and $237 price target. Coinbase offers a dual fundamental and cycle-driven thesis, with Coinbase continuing to gain crypto market share while its large installed base and distribution support resilient consumer brokerage economics and a durable stablecoin franchise, the analyst said. Its expanding derivatives and prediction markets providing additional avenues for through-cycle revenue diversification and returns, the firm said.Baird raised the firm's price target on Coinbase to $205 from $130 and kept a Neutral rating on the shares.Wells Fargo initiated coverage of Coinbase with an Equal Weight rating and $200 price target. Coinbase "remains a foundational crypto franchise," but stronger activity may not translate fully into revenue, said the analyst, who added that consumer pricing pressure and mixed USDC trends "temper" the firm's "constructive" view on what it expects to be a "meaningful crypto recovery."Piper Sandler raised the firm's price target on Coinbase to $170 from $146 ahead of quarterly results. The firm kept a Neutral rating on the shares. Piper is also raising its 2026 / 2027 EPS estimates.SOLUNA, BITDEER EXPAND AGREEMENT AT PROJECT KATI 1:Soluna Holdingsannounced Monday an amended agreement with Dory Creek, a wholly owned subsidiary of Bitdeer Technologies Group. Under the amendment expanding the partnership, Bitdeer will deploy approximatelyin South Texas, bringing its total deployment at the site to 35 MW and approximately 2.42 EH/s of hash rate. Project Kati 1 is an 83 MW wind-powered data center in Willacy County, Texas. The Bitdeer deployment is located in the site's K1BC phase, which is now fully subscribed. The agreement takes the form of a co-mining arrangement, a structure Soluna introduced to its bitcoin platform in August. Soluna provides the site, power, and turnkey operations; Bitdeer provides and owns its Sealminer A2 Pro Air mining equipment, and the parties share in the mining proceeds the deployment generates. The amendment carries the same structure as the original agreement."We entered our first co-mining agreement with Bitdeer in August, and we are expanding it before that deployment is even finished," said John Belizaire, CEO of Soluna. "That is the strongest endorsement either of us could give the structure. Kati 1 is fully spoken for, and the operating history we are building there is what makes the next site possible."Bitdeer also announced Tuesday that Bitdeer AI hasat its A201 data center facility in Johor Bahru, Malaysia for AI Cloud business ahead of energization in 1Q27. Bitdeer AI has contracted more than $1.7B in expected revenue at this site spanning the next 5 years. The company has now built a total expected revenue backlog of approximately $2.9B.Jones initiated coverage of Bitdeer with a Buy rating and $22 price target.STRATEGY BUYS MORE BITCOIN:In a Monday regulatory filing, Strategyannounced an update on its bitcoin holdings. The company reportedat an average purchase price of $85,681 between September 21 and September 27. As of September 27, Strategy holds 847,666 bitcoin acquired for an aggregate purchase price of approximately $63.95B.As part of its capital framework, Strategy maintain a U.S. dollar reserve, which is intended to support the payment of dividends on Strategy's preferred stock and interest on its outstanding indebtedness, and "USD Cash", which management maintains to deploy for broader general Bitcoin Treasury Company purposes, which may include acquiring bitcoin, expanding the USD Reserve, broader capital management uses, and other similar purposes. During the period from September 21 to September 27, Strategy used $48.1M of USD Cash to fund repurchases of STRC Stock. During the same period, Strategy used $22.1M of the USD Reserve to fund the payment of dividends on its preferred stock. As of September 27, the balances of the USD Reserve and USD Cash were $5.02B and $1B, respectively.Citi raised the firm's price target on Strategy to $240 from $136 and kept a Buy rating on the shares. The firm cites its revised bitcoin forecasts for the target boost. Citi upped its 12-month base case bitcoin forecast by 39% higher to $113,000.AMAZE EXECUTES LOI TO ACQUIRE BULLIONFX:Amaze Holdingsannounced Tuesday it has entered into a bindingincluding its core platform Alchemy, for stock valued at approximately $155M. The BullionFX assets comprise the technology, infrastructure and intellectual property behind a blockchain financial ecosystem built around auditable physical gold. If completed, the acquisition would mark a strategic expansion for Amaze beyond creator commerce and into gold-backed digital-asset infrastructure. The transaction comes amid a broad resurgence in cryptocurrency markets, rapid growth in volume within the stablecoin industry, renewed institutional engagement with digital assets, and continued strength in gold as a long-established store of value. Following closing, Amaze intends to prioritize activation of the self-custody retail wallet and yield engines and, as an initial institutional application, to pursue a listed Stable Asset Treasury vehicle for gold and USD, subject to applicable regulatory approvals."Crypto's renewed momentum and gold's enduring role as a store of value have opened a rare window for infrastructure built on both," said Joel Krutz, Interim CEO of Amaze. "Alchemy is a full-stack, gold-backed financial ecosystem, and we believe bringing it into the public markets can create meaningful long-term value for our stockholders."The company also announced Friday that it received written notice from the NYSE American announcing that the NYSE American would be commencing proceedings to delist the company's common stock from the NYSE American and that trading would be suspended immediately. The NYSE American determined that the company is no longer suitable for listing on the NYSE American pursuant to Section 1003fv of the NYSE American Company Guide due to the low selling price of the company's common stock. The Company will not appeal the NYSE American's determination to delist its common stock.BLOCKCHAIN.COM REPORTEDLY TARGETS IPO THIS YEAR:Crypto services company Blockchain.com Group has notified prospective investors that it is looking to go public this year, Bloomberg's Bailey Lipschultz and Olga Kharif reported on Monday, citing people familiar with the matter. The company is looking to raise roughly $500M in an initial public offering, targeting a valuation of $4B-$6B in the listing. Deliberations are ongoing and Blockchain.com may consider a smaller raise if necessary, the report said.OTHER CRYPTO NEWS:Circle, Volante partner toForward Industries'SOLAletheia starts Securitizewith a Hold,Bitmine Immersionreports totalDeFi DevelopmentaddsStrivepurchases 1,107 bitcoin, reportsOKX, BitGoexpandIreninitiated with a Hold at Jones,Jones initiates TeraWulfwithCore ScientificwithHut 8withCipher MiningwithSharplink Gamingwith, Bit DigitalwithMara HoldingswithRiot Platformsinitiated with a Buy at Jones,Hyperscale Datareports holdingas of September 27Wells Fargo starts Bullishat Equal Weight, says adoption remains early,Lion GroupannouncesHyperion DeFinamedEmpery DigitalinitiatedGeminiprice target loweredDeFi Technologiessubsidiary launches Zcash ETP,Figure TechnologyinitiatedVerifyMe, OpenWorldcomplete business combination, OpenWorld announcesCanaaninitiated with a Buy at Jones,CRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin rose roughly 3% this week to $86,816 in U.S. dollars, according to CoinDesk.
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