# K Wave Media is redirecting up to $485 million in remaining financing capacity away from a planned bitcoin treasury push and into AI infrastructure.

*genai · news · 2026-05-05 · CoinDesk*

## Key points

- K Wave Media is redirecting up to $485 million from bitcoin to AI infrastructure investments.
- The amended agreement with Anson Funds will now focus on data centers, GPU compute, and acquisitions.
- K Wave plans a corporate rebrand to Talivar Technologies, pending shareholder approval in July.
- Publicly listed bitcoin miners have collectively signed over $70 billion in AI and HPC contracts.
- Miners are pivoting due to bitcoin production costs surpassing prices, while AI margins exceed 85%.

**Companies:** Core Scientific, Riot Platforms, K Wave Media, Bitdeer
**Countries:** South Korea, United States

[Read the full story on CoinDesk](https://www.coindesk.com/markets/2026/05/05/nasdaq-firm-scraps-massive-bitcoin-treasury-plan-to-redirect-usd485-million-to-ai)

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