KULR Technology Group Boosts Bitcoin Mining Capacity by 750 PH/s

KULR Technology Group, Inc. has significantly enhanced its operational capacity to 750 petahash per second (PH/s) through the deployment of 3,570 Bitmain S19 XP 140T Bitcoin mining machines. This strategic initiative, announced on July 9, 2025, reflects the company's commitment to a dual acquisition strategy that involves both mining Bitcoin and purchasing it on the open market. By adopting a "buy-or-mine" flexibility, KULR aims to build its BTC holdings more efficiently, rather than relying on a single method of accumulation.

The deployment of these advanced mining machines at facilities in Asuncion, Paraguay, marks a pivotal moment for KULR. This expansion not only increases the company's operational capacity but also highlights its strategic approach to Bitcoin mining. The dual strategy allows KULR to capture greater margins from both hash price and coin price, thereby strengthening its treasury resiliency. This approach is particularly beneficial in an unpredictable market where price cycles, hash rates, and energy markets can shift rapidly.

Michael Mo, KULR's CEO, commented on the deployment, emphasizing the importance of a dual-pronged model. He noted that relying on a single approach, whether solely mining or solely buying, risks missing value when market dynamics change. The dual strategy enables KULR to capture the greater margin from hash price, coin price, or both, while enhancing its treasury resiliency.

In addition to its mining operations, KULR has expanded its strategic relationship with a U.S.-listed company through two key initiatives. These include a leasing agreement for ASIC miners and a consulting and services agreement that provides comprehensive support for Bitcoin mining operations and treasury management. This support encompasses oversight of hosting and mining pool providers, coordination of miner repairs, and strategic guidance on integrating Bitcoin into corporate treasury functions.

KULR's efforts to grow and diversify its revenue through mining machine leasing operations are part of a broader strategy to scale its mining capabilities. The company aims to reach 1.25 exahash per second (EH/s) later this summer, further solidifying its position as a leader in sustainable energy management and Bitcoin mining.

KULR Technology Group, Inc. is a Bitcoin First Company that delivers cutting-edge energy storage solutions for various industries, including space, aerospace, and defense. The company leverages its in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities to provide next-generation energy storage systems. Since late 2024, KULR has included Bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash to the acquisition of Bitcoin. This strategic move aligns with the company's goal of building a resilient treasury and maximizing its Bitcoin holdings.