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Bitcoin treasury company K Wave Media receives up to $485 million in funding to pivot to AI infrastructure business
Odaily Planet Daily News: Nasdaq-listed Bitcoin treasury company K Wave Media announced the launch of a series of strategic transformation initiatives, including securing up to $485 million in capital support for building an AI infrastructure platform, with a focus on data center investments, GPU computing leasing, and mergers and acquisitions of key AI infrastructure. Additionally, the company has approved the sale of its wholly-owned subsidiary Play Co., Ltd. to its original shareholders. This transaction is expected to reduce approximately $48 million in debt and still requires approval from shareholders at the July 2026 annual meeting. (Globenewswire)