KULR (NYSE: KULR) taps Soluna to host 3.3 MW of Bitcoin mining
Rhea-AI Filing Summary
KULR Technology Group, Inc. reported that it has entered into a new hosting partnership with Soluna Holdings, Inc., a developer of green data centers for intensive computing. Under this agreement, Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at Soluna’s Project Sophie facility in Kentucky.
The announcement was made through a press release furnished as Exhibit 99.1 under a Regulation FD disclosure. The company notes that this information is being furnished, not filed, under the Exchange Act and will not be incorporated into other securities law filings unless specifically referenced.
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FAQ
What did KULR (KULR) announce in this 8-K filing?
KULR Technology Group, Inc. announced a new hosting partnership with Soluna Holdings, Inc., under which Soluna will operate about 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky.
Who is Soluna in KULRs latest disclosure?
Soluna Holdings, Inc. is described as a developer of green data centers for intensive computing applications and will host and operate Bitcoin mining capacity for KULR under the new agreement.
How much Bitcoin mining capacity is covered by KULRs agreement with Soluna?
The agreement provides that Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at the Project Sophie facility in Kentucky.
Where will KULRs hosted Bitcoin mining operations be located?
The hosted Bitcoin mining operations for KULR under this partnership will be located at Solunas Project Sophie facility in Kentucky.
Is the information about KULRs Soluna partnership considered filed with the SEC?
No. KULR states that the information in this Item 7.01 Regulation FD disclosure, including Exhibit 99.1, is being furnished and not deemed filed for purposes of Section 18 of the Exchange Act.
Will the Soluna partnership disclosure be incorporated into KULRs other SEC filings?
KULR indicates that the Item 7.01 information, including Exhibit 99.1, will not be incorporated by reference into its Securities Act or Exchange Act filings unless expressly set forth by specific reference.
How does KULR share material information with investors and the public?
KULR notes that it uses its website, press releases, and social media channels (including Twitter, LinkedIn, Facebook, TikTok, Instagram, and YouTube) as additional means of disclosing public information that could be deemed material.