Empery Digital shares rise after selling Bitcoin treasury to fund AI data center project
CoinTelegraph·
60-second summary
Empery Digital shares are rising as the company sells its Bitcoin treasury to fund an AI data center project, a move made months after a major shareholder demanded a shift away from the Bitcoin strategy and the CEO and board's resignation, sparking a significant change in the company's direction and potentially impacting its future growth prospects and valuation.
The sales come months after a major Empery shareholder demanded the firm ditch its Bitcoin treasury strategy and force the resignation of its CEO and board.