South Korean publicly listed entertainment company K Wave Media terminates Bitcoin treasury strategy to pivot to AI infrastructure

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BlockBeats News, May 6th, according to official sources, South Korean publicly listed entertainment company K Wave Media has submitted an application to the U.S. SEC, deciding to redirect up to $485 million of the $500 million financing arrangement originally intended for Bitcoin purchases toward AI infrastructure. The funds will be used for data centers, GPU computing, and AI-related acquisitions.

The company’s CEO stated that the goal is “to become a key player in the rapidly growing AI infrastructure sector,” and plans to rebrand as “Talivar Technologies.” However, the market responded coldly to this transformation, with its stock price dropping 24% on Monday and falling another 4% in pre-market trading.

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