Hunt and Crow dynasties shift toward industrial AI infrastructure

One hundred and fifty megawatts of power capacity in the American Midwest is the starting point for a new infrastructure partnership between two of Texas’s most established families. The Hunt and Crow families, known for their dominance in energy and real estate, have joined with Empery Digital to acquire an industrial facility for $230 million. The site will be repurposed to host data centers for hyperscale cloud providers.

The project addresses the primary constraint of the artificial intelligence era: the availability of high-voltage power. By leveraging the Hunt family’s energy expertise and the Crow family’s property portfolio, the group aims to lock in long-term leasing contracts with major cloud computing companies. A non-binding letter of intent suggests potential leasing revenue could reach $1 billion over the life of the project.

Under the deal structure, Empery Digital—a Nasdaq-listed firm—will acquire a 25% stake in a private entity managed by Hunt Properties, while the Crow family participates as a minority partner. The group plans to target underutilized powered land, secure utility agreements, and expand the Midwest site’s capacity to 300 megawatts. This pivot represents a strategic transition for family offices once synonymous with oil and commercial offices, now moving toward the physical backbone of the digital economy.