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Bitcoin treasury company K Wave Media receives up to $485 million in funding to transform into AI infrastructure business
Golden Finance reports that the Bitcoin treasury company K Wave Media, listed on NASDAQ, announced the launch of a series of strategic transformation initiatives, including securing up to $485 million in capital support to build an AI infrastructure platform, with a focus on data center investments, GPU computing power leasing, and mergers and acquisitions and collaborations of key AI infrastructure. In addition, the company has approved the sale of its wholly-owned subsidiary Play Co., Ltd. to the original shareholders. The transaction is expected to reduce approximately $48 million in debt and still requires shareholder approval at the 2026 annual meeting.