KULR Technology deployed 3,570 Bitcoin mining machines in Paraguay, enhancing capacity to 750 PH/s and implementing a dual-acquisition strategy.
Quiver AI Summary
KULR Technology Group, Inc. has successfully deployed 3,570 Bitmain S19 XP 140T Bitcoin mining machines in Asuncion, Paraguay, increasing its operational capacity to 750 petahash per second (PH/s). This move reflects the company's dual strategy of mining Bitcoin and purchasing it, allowing for more efficient accumulation of BTC. KULR plans to scale its operations further, aiming for 1.25 EH/s by later this summer. CEO Michael Mo emphasized the unpredictability of Bitcoin’s market dynamics and the advantages of their flexible approach to maximize profits. Additionally, KULR has expanded its partnership with a U.S. exchange-listed company through a leasing agreement for ASIC miners and a consulting agreement for support in mining operations and treasury management. The company is committed to integrating Bitcoin into its treasury, allocating up to 90% of excess cash to BTC acquisitions.
Potential Positives
- KULR successfully deployed 3,570 Bitmain S19 XP 140T Bitcoin mining machines, significantly boosting its operational capacity to 750 petahash per second.
- The company leverages a dual acquisition strategy, combining both mining and purchasing Bitcoin, which enhances its operational flexibility and potential for revenue generation.
- KULR expanded its strategic relationship with a U.S. exchange-listed company, enhancing its capabilities in mining machine leasing and consulting services, contributing to diversified revenue streams.
- The company aims to increase its mining operations to 1.25 EH/s later this summer, indicating growth and scalability in its business model.
Potential Negatives
- The company is heavily reliant on volatility in the Bitcoin market, which introduces significant risks that could impact its operations and financial stability.
- The commitment to allocate up to 90% of excess cash to Bitcoin acquisition raises concerns about liquidity and financial flexibility, especially during market downturns.
- The rapid scaling of mining operations and reliance on new leasing agreements may strain operational capacity and management resources, potentially leading to execution challenges.
FAQ
What recent deployment did KULR Technology Group announce?
KULR deployed 3,570 Bitmain S19 XP 140T Bitcoin mining machines in Asuncion, Paraguay.
What is KULR's operational capacity after this deployment?
The deployment increased KULR's operational capacity to 750 petahash per second (PH/s).
How does KULR approach Bitcoin acquisition?
KULR uses a dual acquisition strategy of mining Bitcoin and purchasing it on the open market.
What is KULR's revenue strategy in Bitcoin mining?
KULR aims to diversify revenue through mining machine leasing operations and consulting services agreements.
What are KULR’s future goals for mining operations?
KULR intends to scale its mining operations to reach 1.25 EH/s later this summer.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KULR Hedge Fund Activity
We have seen 69 institutional investors add shares of $KULR stock to their portfolio, and 26 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 1,524,032 shares (+611.5%) to their portfolio in Q1 2025, for an estimated $2,011,722
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 996,197 shares (+161.3%) to their portfolio in Q1 2025, for an estimated $1,314,980
- MARSHALL WACE, LLP added 773,787 shares (+1391.7%) to their portfolio in Q1 2025, for an estimated $1,021,398
- SQUAREPOINT OPS LLC added 698,598 shares (+3610.5%) to their portfolio in Q1 2025, for an estimated $922,149
- CETERA INVESTMENT ADVISERS added 563,549 shares (+inf%) to their portfolio in Q1 2025, for an estimated $743,884
- PEAK6 LLC added 440,400 shares (+inf%) to their portfolio in Q1 2025, for an estimated $581,328
- GOLDMAN SACHS GROUP INC added 438,526 shares (+81.4%) to their portfolio in Q1 2025, for an estimated $578,854
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$KULR Analyst Ratings
Wall Street analysts have issued reports on $KULR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Benchmark issued a "Buy" rating on 03/18/2025
To track analyst ratings and price targets for $KULR, check out Quiver Quantitative's $KULR forecast page.
Full Release
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.
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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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