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Cartis diligence evidence schedule

Empery–Hunt Midwest AI Data Center Conversion

PRJ-0736 · Site · United States

Record last updated Oct 28, 2026

Scope and capacity

Empery Digital and Hunt Properties are investing in a Midwest industrial facility for conversion to an AI data center. The existing power agreement supports approximately 150 MW, with a load study indicating a possible expansion to about 300 MW. Empery Digital and Hunt Properties is publicly identified in the project record for Midwest location undisclosed, US. The disclosed development record includes approximately 150 MW currently available under power agreement; tenant LOI; expansion study to approximately 300 MW. Power and infrastructure include existing substation and power-intensive industrial infrastructure slated for AI conversion. The facility has approximately 150 MW available under an existing utility power agreement. The available evidence does not establish a project-scoped operating or contracted capacity figure. The proposed property acquisition is approximately $230 million; Empery committed $65 million for a 25% interest, subject to closing conditions.

Headline: Not established in published records

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Location context · Midwest industrial facility | United States | precise boundary undisclosed

Actual · Empery–Hunt Midwest AI Data Center Conversion (Project)

Claim 58791 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Empery Digital Midwest AI data center investment

    Empery Digital · Document date: Jun 30, 2026 · Primary

    Source reference: SRC-3229 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_ex9901.htm

Lifecycle status · Preconstruction

Actual · Empery–Hunt Midwest AI Data Center Conversion (Project)

Claim 58792 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Empery Digital Midwest AI data center investment

    Empery Digital · Document date: Jun 30, 2026 · Primary

    Source reference: SRC-3229 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_ex9901.htm

Development scale · Approximately 150 MW currently available under power agreement

Actual · Empery–Hunt Midwest AI Data Center Conversion (Project)

Claim 107644 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Empery Digital Midwest AI data center investment

    Empery Digital · Document date: Jun 30, 2026 · Primary

    Source reference: SRC-3229 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_ex9901.htm

  2. Empery Midwest property Form 8-K

    Empery Digital · Document date: Jun 30, 2026 · Corroborating

    Source reference: SRC-6024 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_8k.htm

Development milestone · Tenant LOI

Actual · Empery–Hunt Midwest AI Data Center Conversion (Project)

Claim 107645 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Empery Digital Midwest AI data center investment

    Empery Digital · Document date: Jun 30, 2026 · Primary

    Source reference: SRC-3229 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_ex9901.htm

  2. Empery Midwest property Form 8-K

    Empery Digital · Document date: Jun 30, 2026 · Corroborating

    Source reference: SRC-6024 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_8k.htm

Power arrangement · Expansion study to approximately 300 MW.

Actual · Empery–Hunt Midwest AI Data Center Conversion (Project)

Claim 107646 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Empery Digital Midwest AI data center investment

    Empery Digital · Document date: Jun 30, 2026 · Primary

    Source reference: SRC-3229 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_ex9901.htm

  2. Empery Midwest property Form 8-K

    Empery Digital · Document date: Jun 30, 2026 · Corroborating

    Source reference: SRC-6024 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_8k.htm

Boundary context · Midwest industrial facility | United States | precise boundary undisclosed

Actual · Empery–Hunt Midwest AI Data Center Conversion (Project)

Claim 107647 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Empery Digital Midwest AI data center investment

    Empery Digital · Document date: Jun 30, 2026 · Primary

    Source reference: SRC-3229 · Fact sheet · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_ex9901.htm

  2. Empery Midwest property Form 8-K

    Empery Digital · Document date: Jun 30, 2026 · Corroborating

    Source reference: SRC-6024 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1829794/000168316826005178/empery_8k.htm

Counterparties and capital

Empery Digital · Investor · CMP-1473

Hunt Properties · Developer · CMP-1474

Equity investment

$65,000,000 · Jun 30, 2026

Proposed 25% interest in the entity acquiring the Midwest property.

Fluidstack (Sponsor)

Sources (2)

Financing record 208; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.