K Wave Shares Hit $0.28 Low in Volatile Trade After $485M BTC-to-AI Pivot, Miners' $80K Costs

K Wave Media's shares hit a $0.28 low on May 5, trading volatilely in a $0.28-$0.587 range down ~25% to $0.3071, extending a 28% plunge triggered by a May 4 Form 6-K filing. The SEC disclosure amended a $500M Anson Funds equity facility to redirect $485M from Bitcoin treasury plans to AI infrastructure including data centers and GPUs, with a planned $48M debt relief via Play Co., Ltd. sale and rebrand to 'Talivar Technologies' in July. The shift aligns with miners facing $79,995/BTC costs, liquidating 15,000 BTC, and chasing $70B AI deals.