Trooperstocks
2 days ago
$KULR News: KULR Expands Bitcoin Holdings to 1,021 BTC, Reports 291.2% BTC Yield
July 10, 2025 08:30 ET | Source: KULR Technology Group, Inc.
HOUSTON, July 10, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin First Company and global leader in sustainable energy management, today announced it has increased its bitcoin holdings for its Bitcoin Treasury by additional acquisitions of approximately $10 million to reach a total of approximately $101 million in bitcoin acquisitions. The additional bitcoin were acquired at a weighted average price of $108,884 per bitcoin, inclusive of fees and expenses. The Company now holds 1,021 BTC.
This strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held in bitcoin.
BTC Yield as a Key Performance Indicator
Year to date, KULR has achieved a BTC Yield of 291.2%, leveraging a combination of surplus cash, its recently announced Coinbase credit facility and its At-The-Market (ATM) equity program to fund purchases.
KULR uses "BTC Yield" as a key performance indicator (KPI) for its Bitcoin Treasury Strategy. BTC Yield is calculated as the percentage change period-to-period in the ratio of the Company’s bitcoin holdings to its Assumed Fully Diluted Shares Outstanding. This KPI helps assess the effectiveness of KULR’s bitcoin acquisition strategy in a manner KULR believes drives shareholder value.
BTC Gain, BTC $ Gain, and mNAV
BTC Gain applies the BTC Yield to the Company’s starting Bitcoin balance for a given period. It shows the number of additional bitcoin the company effectively generated through value-accretive actions.
BTC $ Gain translates BTC Gain into U.S. dollars by multiplying it by the price of Bitcoin at the end of the period.
mNAV stands for multiple of Net Asset Value and is calculated as follows: mNAV = Market Cap ÷ (Bitcoin Price × Bitcoin Count).
Important Considerations Regarding BTC Yield
BTC Yield is intended to provide insights into KULR’s bitcoin acquisition strategy but should not be interpreted as a measure of operating performance, financial return, or liquidity. It is not equivalent to traditional yield metrics, nor does it account for the Company’s liabilities or broader financial position.
The trading price of KULR’s common stock is influenced by multiple factors beyond bitcoin holdings, and BTC Yield does not predict or reflect the stock's market value. Investors should consider this metric as a supplementary tool and refer to the Company’s financial statements and SEC filings for additional information about the Company’s financial position.
KULR remains committed to its strategic goals of advancing shareholder value while adhering to disciplined financial management.
For additional details, please visit www.kulr.ai.
No Offer or Solicitation
This press release does not and shall not constitute an offer to sell or a solicitation of an offer to buy any securities of KULR Technology Group Inc., nor shall there be any offer, solicitation or sale of such securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash to the acquisition of bitcoin.
Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: kulr@mgroupsc.com
https://www.globenewswire.com/news-release/2025/07/10/3113243/0/en/KULR-Expands-Bitcoin-Holdings-to-1-021-BTC-Reports-291-2-BTC-Yield.html
Trooperstocks
3 days ago
To clarify the announcement of KULR's 750 petahash per second (PH/s) -This standard reached is a significant amount of computational power, most commonly associated with cryptocurrency mining, particularly Bitcoin. In the context of cryptocurrency, 750 PH/s of computational power, or hashrate, is primarily used for Bitcoin mining.
For example, KULR Technology Group recently expanded its Bitcoin mining operations to 750 PH/s by deploying 3,570 Bitmain S19 XP 140T machines in Paraguay.
A higher hashrate increases a miner's chances of successfully mining a block and earning block rewards.
The overall network hashrate, measured in petahashes and exahashes, directly impacts the security of the blockchain network, making it exponentially harder to attack.
Trooperstocks
3 days ago
$KULR News: KULR Reaches 750 PH/s in Bitcoin Mining Operations with Latest Deployment, Aims for 1.25 EH/s by Late Summer
07/09/2025 - 08:00 AM
HOUSTON, July 09, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin First Company and global leader in sustainable energy management, today announced the successful deployment of 3,570 Bitmain S19 XP 140T Bitcoin mining machines at facilities located in Asuncion, Paraguay, thereby boosting the Company’s operational capacity to 750 petahash per second (PH/s) across multiple mining locations. This deployment underscores KULR’s dual acquisition strategy of both mining Bitcoin and purchasing it on the open market. By leveraging a “buy-or-mine” flexibility, KULR intends to build its BTC holdings more efficiently rather than relying on a single method of BTC accumulation.
Michael Mo, KULR’s CEO, commented on the news, "Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin. The price cycles, however, will remain unpredictable, hash rate is volatile, and even energy markets can shift rapidly. Relying on a single approach -- whether solely mining or solely buying -- risks missing value when market dynamics shift. In contrast, a dual-pronged model allows KULR to capture the greater margin, whether from hash price, coin price, or both, all while strengthening our treasury resiliency."
As part of its effort to grow and diversify its revenue through mining machine leasing operations, KULR recently expanded its strategic relationship with a U.S. exchange-listed company through two key initiatives: a leasing agreement of ASIC miners and a consulting and services agreement under which KULR receives comprehensive support for bitcoin mining operations and treasury management -- including oversight of hosting and mining pool providers, coordination of miner repairs, and strategic guidance on integrating bitcoin into corporate treasury functions.
KULR continues to scale its mining operations and aims to reach 1.25 EH/s later this summer.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash to the acquisition of bitcoin.
Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: kulr@mgroupsc.com
Trooperstocks
4 days ago
$KULR Great update just out! The Exia is a wearable exoskeleton designed to reduce strain and prevent injuries, especially in the lower back. It learns and adapts to the user’s movements, providing real-time support for lifting and repetitive tasks.
Our CEO, Michael Mo, speaks about how this technology is shaping the future of work. The Exia is a wearable exoskeleton designed to reduce strain and prevent injuries, especially in the lower back. It learns and adapts to the user’s movements, providing real-time support for lifting and repetitive tasks.
Our CEO, Michael Mo, speaks about how this technology is… pic.twitter.com/vy2YV33aAx— KULR Technology (@KULRTech) July 8, 2025
Trooperstocks
4 days ago
$KULR News: KULR Technology Group Announces $20 Million Credit Facility with Coinbase
July 08, 2025 08:00 ET | Source: KULR Technology Group, Inc.
HOUSTON, July 08, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin First Company and global leader in sustainable energy management, announced today that it has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN).
The agreement establishes a multi-draw loan facility initially totaling up to $20 million, which will be available to KULR upon execution of the credit facility ("Effective Date"). The Company intends to use the net proceeds to fund its strategic Bitcoin accumulation goals.
"This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate," said Michael Mo, CEO of KULR. "It reflects our commitment to diversifying our funding sources as we continue to execute on long-term growth strategies to drive shareholder value."
In 2024, KULR selected Coinbase’s Prime platform to provide custody, USDC, and self-custodial wallet services for its Bitcoin holdings. At present, eight of the ten largest publicly traded companies with bitcoin on their balance sheets utilize Coinbase Prime for similar services.
Amounts borrowed under the credit facility will be secured by a portion of the Company’s total bitcoin holdings.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash to the acquisition of bitcoin.
Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: kulr@mgroupsc.com
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