Kulr Technology Stock Price, News & Analysis

KULR Technology Group has expanded its Bitcoin Treasury with an additional $8 million investment, bringing total bitcoin acquisitions to $50 million. The company now holds 510 BTC, purchased at a weighted average price of $101,695 per bitcoin, including fees and expenses.

This expansion aligns with KULR's Bitcoin Treasury Strategy announced on December 4, 2024, which committed up to 90% of surplus cash reserves to bitcoin holdings. The company reports a 127% BTC Yield year to date, achieved through a combination of surplus cash and its At-The-Market (ATM) equity program.

KULR introduces 'BTC Yield' as a key performance indicator, calculated as the percentage change in the ratio of bitcoin holdings to Assumed Fully Diluted Shares Outstanding. The company emphasizes that BTC Yield should not be interpreted as a measure of operating performance, financial return, or liquidity.

KULR Technology Group (NYSE: KULR) has signed a multi-million-dollar licensing agreement for advanced carbon fiber cathode applications in nuclear reactor systems in Japan. The technology will be applied to laser-based nuclear fusion systems and small modular reactors (SMRs), offering enhanced safety and heat dissipation capabilities.

The agreement comes amid growing energy demands from data centers, particularly driven by AI applications. According to Goldman Sachs, data center energy demand is projected to double by 2030, currently representing 1-2% of global demand. The U.S. Department of Energy projects global electricity use to rise by up to 75% by 2050.

The combined electricity consumption of Amazon, Microsoft, Google, and Meta more than doubled between 2017 and 2021 to about 72 terawatt-hours (TWh). Nuclear power is emerging as a preferred solution to meet these growing energy demands, particularly for AI and high-performance computing applications.

KULR Technology Group (NYSE: KULR) has signed a multi-million-dollar licensing agreement for advanced carbon fiber cathode applications in nuclear reactor systems in Japan. The licensed technology is engineered for critical use in nuclear reactors, offering enhanced safety, superior heat dissipation, and structural integrity.

The license will be applied to laser-based nuclear fusion systems and small modular reactors (SMRs), targeting a rapidly emerging technology sector. The agreement positions KULR in Japan's nuclear technology market and the broader Asian region. This development aligns with projected trends, as data center energy demand is expected to double by 2030, with global electricity use potentially increasing by 75% by 2050.

KULR Technology Group has announced a collaboration with the U.S. Army to evaluate its KULR VIBE system for vibration reduction on AH-64E Apache and UH-60 Black Hawk helicopters. The 12-month study, starting in 2025 at McEntire Joint National Guard Base, aims to assess the system's potential in enhancing operational efficiency and safety.

The US military aircraft market is projected to grow from $18.26 billion in 2024 to $29.27 billion by 2034, with a CAGR of 4.81%. KULR's previous success includes work with the U.S. Marine Corps on the AH-1Z Viper, which prevented the premature retirement of a $39 million asset and reduced over 2,000 hours of troubleshooting time.

KULR Technology Group (NYSE: KULR) has announced a collaboration with the U.S. Army to evaluate its KULR VIBE system for vibration reduction on AH-64E Apache and UH-60 Black Hawk helicopters. The planned 12-month study, beginning in 2025 at McEntire Joint National Guard Base with the South Carolina National Guard, aims to assess the system's capability to enhance operational efficiency and safety.

The evaluation will focus on improving vibration standards, streamlining track and balance operations, reducing maintenance costs, and enhancing aircraft longevity. KULR has previously demonstrated success with the U.S. Marine Corps, where their solution for the AH-1Z Viper helped avoid premature retirement of a $39 million asset and reduced over 2,000 hours of troubleshooting time.

KULR Technology Group has completed a significant cryptocurrency investment, purchasing 217.18 Bitcoin (BTC) for approximately $21 million at an average price of $96,556.53 per BTC. This move follows their December 4th announcement of a Bitcoin Treasury strategy, planning to allocate up to 90% of surplus cash to BTC. The company has selected Coinbase's Prime platform for custody services.

This strategic investment aligns with a broader trend of publicly traded companies incorporating cryptocurrency into their financial strategies. The trend gains momentum as Bitcoin reaches new all-time highs, influenced by potential future policy changes and increasing institutional adoption, exemplified by MicroStrategy's recent inclusion in the Nasdaq 100 index.

KULR Technology Group has purchased 217.18 Bitcoin (BTC) for approximately $21 million, with an average price of $96,556.53 per BTC. This acquisition follows the company's December 4th announcement of its Bitcoin Treasury strategy, which outlined plans to allocate up to 90% of surplus cash to BTC. The company has selected Coinbase Prime platform for custody, USDC, and self-custodial wallet services. This purchase marks the first of ongoing BTC acquisitions KULR intends to make in the future.

KULR Technology Group (NYSE American: KULR) has successfully regained compliance with all NYSE American continued listing standards, as confirmed by official notice from the Exchange. The company had previously been cited for non-compliance with Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide on December 20, 2023. KULR demonstrated compliance for two consecutive quarters, leading to the removal of the below compliance ('.BC') indicator on December 17, 2024. The company has been removed from the Exchange's list of noncompliant issuers and will continue under standard listing monitoring procedures.

KULR Technology Group (NYSE: KULR) has announced plans to launch its KULR ONE Space (K1S) battery via SpaceX rideshare mission in 2026. The mission will integrate multiple K1S battery configurations into a 6U SmallSat, featuring cells from leading manufacturers like LG, Samsung, Amprius, and MOLICEL. The K1S is the first commercial-off-the-shelf lithium-ion battery designed to comply with NASA's JSC 20793 safety standard.

The mission will showcase KULR's new battery management system architecture and demonstrate cell performance in orbital environments. This initiative targets the space battery market, expected to grow from $3.9B to $6.35B by 2030. The K1S batteries incorporate passive propagation resistance and flame-arresting technology, aiming to deliver safer, higher-performing systems at reduced costs compared to traditional 20793-compliant batteries.