K Wave Media, a media and entertainment company based in South Korea and traded on the Nasdaq stock exchange, decided to abandon its Bitcoin investments and direct its approximately $485 million financing to artificial intelligence (AI) infrastructure. This change was announced in the company’s official filing with the US Securities and Exchange Commission.
K Wave Media’s transformation step
K Wave Media initially allocated a $500 million resource in June 2025 just to buy Bitcoin. The company recently announced that it will direct the remaining part of the fund to investments covering data center, GPU-based processing and AI technologies. The reallocation of the funding comes under a new agreement with structured equity investor Anson Funds.
With this decision, K Wave Media has completely turned its attention to artificial intelligence in an effort to strengthen its position in the capital markets. This step of the company is considered as a strategic decision taken after the recent fluctuation in the cryptocurrency market.
Ted Kim, the company’s CEO, evaluated the change as follows:
We aim to be a strong player in the rapidly growing AI infrastructure sector and are working to build a scalable platform in both computing power and related technologies.
The company also plans to change its name to Talivar Technologies. This change will be submitted to shareholders for approval at the general assembly to be held in early July.
The big transition from Bitcoin mining to AI infrastructure
Not only K Wave Media, but also many publicly traded Bitcoin miners have made significant shifts into the high-performance computing and AI sector in recent months. According to CoinDesk’s March data, these companies signed contracts worth more than $70 billion in total and disposed of more than 15 thousand Bitcoins compared to the previous period.
Core Scientific sold approximately 1,900 Bitcoins for $175 million in January 2025. Bitdeer, on the other hand, completely emptied its Bitcoin holdings in February. Riot Platforms sold 1,818 Bitcoins for $162 million in December. These companies had to change strategy due to increasing operational costs.
In the last quarter of 2025, the average cash cost to mine one Bitcoin for public miners rose as high as $79,995. Since the Bitcoin price mostly remained below this level during the same period, miners turned to new searches.
High profitability expectation in AI infrastructure
Contracts for artificial intelligence infrastructure promise profitability of over 85 percent and offer multi-year revenue forecasts. That’s why some big players in the crypto industry are now finding it more attractive to invest in AI technologies rather than just accumulating Bitcoin.
