KULR (NYSE:KULR) scales Paraguay mining ops, reaches 750 PH/s

Rhea-AI Filing Summary

KULR Technology Group, Inc. (NYSE American: KULR) filed an 8-K disclosing the successful deployment of 3,570 Bitmain S19 XP 140T Bitcoin mining rigs at its facilities in Asunción, Paraguay. The installation lifts KULR’s total operational capacity to approximately 750 petahash per second (PH/s) across multiple sites. Management states that the expansion aligns with the company’s dual-acquisition strategy of both self-mining Bitcoin and purchasing coins on the open market, signaling continued commitment to build a sizeable digital-asset portfolio.

The disclosure is furnished under Item 7.01 (Regulation FD) and Item 8.01 (Other Events); therefore, the information is not deemed “filed” for Section 18 liability purposes and will not be incorporated by reference into other filings unless specifically stated. A press release dated 9 July 2025 (Exhibit 99.1) provides additional public details. KULR reiterates that investors should monitor its website and social-media channels for potentially material updates.

Key Takeaways:

• Scale-up: 3,570 new miners increase hashing power to 750 PH/s.
• Geographic diversification: Paraguay facilities add to KULR’s multi-site footprint.
• Strategic intent: Supports blended model of mining and open-market Bitcoin purchases.
• Communication practice: Company emphasizes digital channels for future material disclosures.

No financial metrics (e.g., capex, revenue impact, cost per PH/s) are provided in the filing.

Positive

• Hash-rate expansion: Deployment of 3,570 S19 XP miners lifts capacity to 750 PH/s, enhancing revenue potential.
• Strategic clarity: Confirms dual acquisition model combining self-mining with Bitcoin purchases.
• Operational diversification: Paraguay facility adds geographic flexibility across multiple mining locations.

Negative

• None.

Insights

Crypto Mining Analyst

TL;DR: Capacity jump to 750 PH/s materially improves KULR’s mining scale and competitive positioning.

Adding 3,570 S19 XP 140T units materially boosts KULR’s fleet efficiency and network share. New-gen Bitmain rigs deliver ~21% higher energy efficiency versus prior S19 Pro models, implying improved margin potential so long as power costs in Paraguay remain low. While no capex figures were given, the capacity leap is significant for a micro-cap operator and should raise Bitcoin production run-rate considerably. Disclosure under 7.01/8.01 means management views this as noteworthy for investors, though still non-GAAP. Overall signal: positive expansion, execution risk lies in uptime and energy sourcing.

Equity Research Analyst

TL;DR: Hash-rate expansion supports growth narrative; lack of financial data limits quantification.

The move strengthens KULR’s strategic pivot toward digital-asset exposure. Reaching 750 PH/s places the company in a more relevant peer group of small-mid miners and could raise future revenue when Bitcoin prices are favorable. However, the filing omits cost, funding, and ROI metrics, preventing immediate assessment of earnings impact. Still, operational progress is likely viewed favorably by growth-oriented investors, especially given management’s stated dual acquisition strategy. Monitoring future disclosures for production output and cost structure will be critical.

false 0001662684 0001662684 2025-07-09 2025-07-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 9, 2025

KULR TECHNOLOGY GROUP, INC.

(Exact name of the registrant as specified in its charter)

Delaware		001-40454		81-1004273
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

555 Forge River Road, Suite 100, Webster, Texas 77598

(Address of principle executive offices) (Zip code)

Registrant’s telephone number, including area code: (408) 663-5247

N/A

(Former name or address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14D-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:		Trading Symbol(s)		Name of each exchange on which registered:
Common Stock		KULR		NYSE American LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01 Regulation FD Disclosure.

On July 9, 2025, KULR Technology Group, Inc. (the “Company” or “KULR”) issued a press release announcing it has successfully deployed 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 filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The Company uses, and will continue to use, its website, press releases, and various social media channels, including its Twitter account (twitter.com/kulrtech), its LinkedIn account (linkedin.com/company/kulr-technology-corporation), its Facebook account (facebook.com/KULRTechnology), its TikTok account (tiktok.com/Kulr_tech), its Instagram account (instagram.com/Kulr_tech), and its YouTube account (youtube.com/channel/UC3wZBPINQd51N6p35Mo5uQg), as additional means of disclosing public information to investors, the media and others interested in the Company. It is possible that certain information that the Company posts on its website, disseminated in press releases and on social media could be deemed to be material information, and the Company encourages investors, the media and others interested in the Company to review the business and financial information that the Company posts on its website, disseminates in press releases and on the social media channels identified above, as such information could be deemed to be material information.

The information in this Item 7.01 disclosure, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section. In addition, the information in this Item 7.01 disclosure, including Exhibits 99.1, shall not be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01 Other Events.

On July 9, 2025, the Company issued a press release announcing that the Company successfully deployed 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.

A copy of the press release announcing these matters is filed as Exhibit 99.1 to this Current Report on Form 8-K, and is incorporated by reference into this Item 8.01.

Item 9.01 Exhibits

Exhibit  No.		Description
99.1		Press Release dated July 9, 2025
104		Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized.

	KULR TECHNOLOGY GROUP, INC.
Date: July 9, 2025	By:	/s/ Michael Mo
		Michael Mo
		Chief Executive Officer

FAQ

What did KULR (KULR) announce in its July 9 2025 8-K?

The company deployed 3,570 Bitmain S19 XP 140T miners in Paraguay, boosting total capacity to 750 PH/s.

How much Bitcoin mining capacity does KULR now have?

KULR reports an operational capacity of approximately 750 petahash per second (PH/s) across several sites.

Where are the new KULR mining rigs located?

The 3,570 new miners are installed at facilities in Asunción, Paraguay.

Does the 8-K include any financial figures related to the deployment?

No. The filing does not disclose capex, operating costs, or projected revenue from the miners.

How does KULR communicate potentially material information to investors?

Besides SEC filings, KULR cites its website and social-media channels (Twitter, LinkedIn, Facebook, TikTok, Instagram, YouTube) as disclosure platforms.