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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.