K Wave Media shift $485M from BTC go AI infrastructure

Nasdaq-listed South Korea media company K Wave Media don drop dia plan to hold Bitcoin for treasury and dem go redirect about $485 million to AI infrastructure. For one U.S. SEC filing, company talk say dem originally set aside $500 million to buy BTC by June 2025, but now dem go invest the remaining money for data centers, GPU-based computing, and AI-related tech through restructured deal with equity investor Anson Funds. CEO Ted Kim yarn say the pivot na because crypto dey volatile, and dem want better profitability and scalability. K Wave also wan change name to Talivar Technologies if shareholders approve for early July. The move follow the wider trend wey public Bitcoin miners dey move to high-performance computing and AI. CoinDesk-cited data show miners don sign AI infrastructure contracts worth over $70 billion and don sell more than 15,000 BTC to fund these shifts. Examples include Core Scientific selling nearly 1,900 BTC, Bitdeer exiting BTC holdings, and Riot Platforms disposing of 1,818 BTC. Meanwhile, mining costs dey go up, with average listed-miner cash costs around $79,995 per BTC in 2025 Q4—often above market price—so e dey reduce incentive to hold BTC. For traders, main takeaway na capital reallocation: demand for BTC treasury fit face small headwinds as AI compute spending grow and miner-linked selling remain risk factor.