Empery Digital announced it has resumed its stock repurchase program and provided an update on its capital allocation and strategic investments. The company recently repurchased shares and confirmed its current balance sheet position, while also noting that the lease for its previously announced Midwest AI data center investment is expected to be executed in the near term.
Key Details
- Share Repurchase: Repurchased 122,955 shares during the week ending October 23, 2026, at an average price of $2.89 per share.
- Program Status: Approximately $50 million remains available under the company's $200 million stock repurchase program.
- Balance Sheet (as of Oct 23, 2026): The company holds approximately $70 million in cash, $35 million in debt, and 1,018 bitcoin.
- AI Data Center: The 15-year lease for the Midwest AI data center, a project in which EMPD is investing $65 million for a 25% stake, is expected to be finalized soon.