K Wave Redirects $485M From Bitcoin Treasury Plan to AI Infrastructure

K Wave Media redirected $485 million of committed funding from its planned Bitcoin treasury strategy to an AI infrastructure pivot. K Wave also agreed to sell Play Co., Ltd., a move that removes $48 million of debt from its balance sheet. Shareholders will vote in early July on the sale and a proposed rebrand to Talivar Technologies.

BTC0.85%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin