Bitcoin Treasury Firm K Wave Media Secures Up to $485M for AI Infrastructure Pivot

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K Wave Media secured up to $485 million in capital support to build an AI infrastructure platform. The Nasdaq-listed bitcoin treasury company said the plan focuses on data center investment, GPU computing power leasing, and mergers, acquisitions, and partnerships in critical AI infrastructure. K Wave Media also approved the sale of Play Co., Ltd. to its original shareholders, a deal expected to reduce debt by about $48 million if shareholders approve it at the annual meeting in July 2026.

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