Bitcoin miners are turning to AI infrastructure to ramp up revenues, and a few treasury companies are becoming a member of in on the rotation too.
Ok Wave Media (KWM), a Nasdaq-listed Korean media and leisure agency, advised the U.S. Securities and Change Fee on Monday that it’s redirecting as much as $485 million in remaining financing capability away from a deliberate bitcoin treasury push and into AI infrastructure.
The cash will movement into information facilities, GPU compute operations and acquisitions throughout the AI worth chain, beneath an amended settlement with structured fairness financier Anson Funds.
The unique $500 million facility was arrange in June 2025 explicitly to purchase bitcoin, a part of Ok Wave’s effort to reposition itself in capital markets at a time when bitcoin treasury bulletins had been doing extra for share costs than the underlying companies had been.
Lower than a yr later, that thesis has been retired in favor of a sector with newer momentum.
Traders didn’t love the pivot. Ok Wave shares closed down 24% on Monday, and are down 4% in premarket buying and selling on Tuesday.
Chief government Ted Kim termed the redirection as an ambition to turn out to be “a significant participant within the quickly rising AI infrastructure sector,” with plans to construct a scalable platform throughout compute and associated applied sciences.
The corporate can be punting on a company rebrand to “Talivar Applied sciences,” pending shareholder approval on the annual assembly in early July.
The shift matches a sample that has been quietly constructing for months.
CoinDesk reported in March that publicly listed bitcoin miners had collectively zoomed towards AI and high-performance computing, signing greater than $70 billion in cumulative contracts and shedding over 15,000 $BTC from peak treasury ranges to finance the transition. Core Scientific offered roughly 1,900 $BTC value $175 million in January. Bitdeer drained its treasury to zero in February. Riot Platforms offered 1,818 $BTC value $162 million in December.
The miners had been compelled into it, because the weighted-average money price to provide one bitcoin amongst publicly listed miners hit roughly $79,995 in This fall 2025, whereas bitcoin spent most of 2026 under that determine.
AI infrastructure contracts, in the meantime, promise margins above 85% with multi-year income visibility.
