K Wave Media Announces Strategic Transformation with AI Infrastructure Focus

K Wave Media, a Nasdaq-listed Bitcoin treasury company, has announced a series of strategic transformation initiatives. According to Odaily, the company plans to secure up to $485 million in capital to develop an AI infrastructure platform. This initiative will focus on investments in data centers, GPU computing power leasing, and mergers and partnerships related to key AI infrastructure. Additionally, K Wave Media has approved the sale of its wholly-owned subsidiary, Play Co., Ltd., back to its original shareholders. This transaction is expected to reduce approximately $48 million in debt. The sale is subject to shareholder approval at the annual meeting scheduled for July 2026.