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KULR Technology Group, Inc. develops and commercializes energy-system and thermal-management technologies for high-power lithium battery applications. Company news centers on battery safety, certifiable battery systems and KULR ONE platforms used in space and defense programs, unmanned aircraft, electric aviation, hyperscale AI data centers, telecom infrastructure, e-mobility and other industrial electronics.
Recurring updates include earnings releases and conference calls, customer purchase orders, preferred supply agreements, joint-development collaborations, U.S.-based manufacturing initiatives, and governance changes. Product-specific items include KULR ONE Air batteries for UAV and UAM applications and KULR ONE MAX battery backup units for AI-scale data centers and high-power compute environments.
KULR Technology Group (NYSE: KULR) has announced strategic partnerships with Molicel and Amprius Technologies (NYSE: AMPX) to launch KULR ONE Air (K1A), an advanced battery system line for unmanned aircraft systems (UAS). The K1A product integrates KULR's thermal management technologies with Amprius' SiCore® cylindrical battery cells and Molicel's P50B cells.
Initial sample shipments began in July 2025, with volume production set for Q4 2025. The product line offers both standard and customizable configurations, featuring lightweight lithium-ion chemistries and modular designs for various UAS platforms. The initiative targets the global drone battery market, projected to grow from $9.5 billion in 2025 to $49.6 billion by 2035.
KULR Technology Group (NYSE American: KULR) reported strong Q2 2025 financial results, with revenue increasing 63% to $3.97 million compared to Q2 2024. The company achieved a notable turnaround with net income of $8.14 million ($0.22 per share), primarily driven by its Bitcoin holdings.
Key financial metrics include product sales growth of 74% to $1.98 million, though gross margins decreased to 18% from 24%. The company holds over 1,035 BTC with a yield approaching 300%, and secured a $20 million credit facility with Coinbase. KULR completed a 1-for-8 reverse stock split and joined the Russell 3000® Index.
Notable operational highlights include expanding Bitcoin mining operations to 750 PH/s, with aims to reach 1.25 EH/s, and strategic developments in energy storage solutions and exoskeleton technology through partnerships.
KULR Technology Group (NYSE American: KULR), a Bitcoin First Company and global leader in sustainable energy management, has scheduled its Q2 2025 earnings conference call for Thursday, August 14th, 2025, at 4:30 p.m. ET.
The company will release its financial results for the quarter ended June 30, 2025, via press release before the call. Shareholders can submit questions to Stuart Smith at ir@kulr.ai by August 10th, 2025, at 5:00 p.m. ET. Questions will be selected based on relevance to shareholders and compliance with public disclosure rules.
KULR Technology Group (NYSE American: KULR) has significantly expanded its Bitcoin holdings to 1,021 BTC, representing approximately $101 million in total bitcoin acquisitions. The company's recent $10 million additional investment was made at a weighted average price of $108,884 per bitcoin.
The expansion aligns with KULR's Bitcoin Treasury Strategy announced in December 2024, which allows up to 90% of surplus cash reserves to be held in bitcoin. The company has achieved a remarkable BTC Yield of 291.2% year-to-date, utilizing surplus cash, a Coinbase credit facility, and an ATM equity program. Key performance metrics include a BTC Gain of 633 bitcoin, equivalent to a BTC $ Gain of $70,309,152, and an mNAV of 2.24.
KULR Technology Group (NYSE American: KULR) continues to expand its Bitcoin investment strategy with a new $20 million credit facility secured through Coinbase Credit, Inc. This follows the company's previous $78 million in bitcoin acquisitions and its December 2024 strategy to allocate up to 90% of surplus cash to BTC.
The announcement comes amid growing institutional Bitcoin adoption, with BlackRock's iShares Bitcoin Trust (IBIT) now holding 700,000 Bitcoin worth $76 billion. Corporate treasuries have outpaced ETFs in Bitcoin acquisition for three consecutive quarters, with public companies acquiring approximately 131,000 coins in Q2 2025, representing an 18% growth in their Bitcoin balance.
The credit facility will provide KULR with non-dilutive capital for strategic Bitcoin accumulation, with loans secured by a portion of the company's Bitcoin holdings. KULR utilizes Coinbase's Prime platform for custody services, joining eight of the ten largest publicly traded companies with Bitcoin holdings.KULR Technology Group (NYSE American: KULR) has announced a significant expansion in its Bitcoin mining operations, successfully deploying 3,570 Bitmain S19 XP 140T Bitcoin mining machines in Asuncion, Paraguay. This deployment has increased the company's operational capacity to 750 petahash per second (PH/s) across multiple locations.
The company is implementing a dual strategy of mining Bitcoin and purchasing it on the open market, aiming to build BTC holdings more efficiently. KULR has also expanded its strategic relationship with a U.S. exchange-listed company through mining machine leasing and consulting services agreements. The company has set an ambitious target to reach 1.25 EH/s in mining capacity by late summer 2025.
KULR Technology Group (NYSE American: KULR) has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global. The facility will support KULR's strategic Bitcoin accumulation goals, marking the company's first bitcoin-backed credit facility.
The agreement provides KULR with access to non-dilutive capital at competitive rates, with loans secured by a portion of the company's Bitcoin holdings. This follows KULR's 2024 selection of Coinbase Prime for custody, USDC, and self-custodial wallet services for its Bitcoin holdings, joining eight of the ten largest publicly traded companies with Bitcoin on their balance sheets.
KULR Technology Group (NYSE: KULR) has announced its upcoming inclusion in the prestigious Russell 3000® Index, effective June 30, 2025, as part of the annual Russell indexes reconstitution. This inclusion automatically grants KULR membership in either the large-cap Russell 1000® Index or small-cap Russell 2000® Index. The Russell 3000® Index captures the 4,000 largest US stocks based on market capitalization rankings as of April 30.
The inclusion is significant as Russell indexes are widely used by investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against Russell US indexes as of June 2024. KULR's CEO Michael Mo highlighted this milestone as an opportunity to enhance the company's visibility and liquidity among institutional investors.