Table of Contents
On April 30, 2026, Datavault AI's official press release confirmed that the Philadelphia-based data sciences company (NASDAQ: DVLT) and King Mining Capital had signed a multi-component agreement combining a direct equity stake, a stock-funded bullion acquisition, and the launch of a GoldVault tokenization program targeting at least $150 million in digital token issuance.
Under the equity terms, Datavault AI will receive a 5% interest in King Mining Capital at closing, with a warrant to acquire an additional 5% upon completion of the GoldVault program. Separately, the company anticipates the right to acquire 20,000 ounces of physical gold bullion from King Mining Capital for delivery within 24 months of signing a definitive agreement, payable in Datavault AI common stock at a 30% discount to prevailing market gold prices. Based on current spot pricing and the company's own internal projections — which should be read as forward-looking estimates, not independently verified figures — that acquisition is projected to generate approximately $40 million in profit.
The GoldVault program will deploy Datavault AI's patented Information Data Exchange®, DataScore®, and DataValue® blockchain platform to mint the tokens, each representing pro-rata digital ownership in premium in-ground and refined gold assets with American mining ties. Token pricing will track the COMEX gold benchmark on a per-ounce basis and will be initially issued at a discount to prevailing spot valuations, providing holders with a built-in value margin at issuance. Token holders will also participate in a royalty stream tied to King Mining Capital's ongoing production, generating recurring economic exposure beyond underlying metal price appreciation. The program is targeted for launch by the third quarter of fiscal 2026.
According to Mining.com's coverage of the announcement, King Mining Capital is a North American-based mining investment firm, and Datavault AI shares traded approximately 1% higher at just over $0.70 apiece on the NASDAQ following the announcement, with market capitalisation at approximately $499 million. The company is classified in the Software—Infrastructure sector and operates two divisions: a Data Science unit covering Web 3.0 data management, high-performance computing software licensing, and RWA tokenization; and an Acoustic Science unit covering wireless audio technologies.
Market Context and Prior Deals: Gold tokenization
The GoldVault agreement is the third commodity tokenization transaction Datavault AI announced in the first half of 2026, following a $100 million Coppercoin program with Coppercore Inc. in March 2026 and a $78.2 million antimony and precious metals program with American Strategic Minerals Inc. also in March 2026. Each deal has followed a similar structure: equity stakes, stock-funded physical commodity acquisition, and token issuance via the company's proprietary blockchain platform.
Datavault AI was formerly known as WiSA Technologies before a name change in February 2025. The company executed a 1-for-150 reverse stock split in April 2024. No going-concern notices or Nasdaq compliance issues have been reported in recent filings. The company has publicly stated a $200 million-plus revenue target for 2026, though that figure does not appear in audited financial statements available as of the announcement date.
Several material details are absent from the announcement. The press release does not identify the specific mining assets or properties underlying the in-ground gold component, nor does it name the blockchain network on which tokens will be issued or traded. No regulatory filing, securities registration, or token offering memorandum has been disclosed in connection with the GoldVault program. The definitive agreement referenced throughout the announcement had not been signed as of April 30, 2026 — the companies described an agreement to enter into such a definitive agreement, not the definitive agreement itself. The 30% discount on bullion is described as payable in Datavault AI common stock, but the valuation mechanism for that stock — including any lock-up, pricing period, or collar — is not disclosed. King Mining Capital's audited financials, production history, and reserve estimates are not publicly available.
What the April 30 announcement establishes concretely is a signed framework agreement between Datavault AI and King Mining Capital covering equity terms, a bullion purchase right, and a tokenization program structure. It does not establish a launched token product, a completed bullion transfer, a signed definitive agreement, a regulatory-approved offering, or independently verified reserve data supporting the in-ground gold assets that GoldVault tokens are intended to represent.
