KWave pivots from Bitcoin treasury to AI infrastructure

KWave Media (KWM), a Nasdaq-listed South Korean entertainment company, has announced it will reinvest up to $485 million previously secured for its Bitcoin treasury strategy into artificial intelligence (AI) infrastructure. According to Cointelegraph, KWM will allocate the funds toward data centers, GPU computing operations, and related AI investments under a modified securities purchase agreement with Anson Funds. The company explained the move is intended to facilitate debt reduction and restructuring. KWM first announced its Bitcoin treasury strategy in 2025 as part of a capital market reorganization plan.