Bitcoin Mining Powerhouse: KULR Reaches 750 PH/s, Targets 66% Capacity Boost by Summer
July 9, 2025
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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) ha annunciato un’importante espansione delle sue operazioni di mining di Bitcoin, con il dispiegamento di 3.570 macchine Bitmain S19 XP 140T per il mining di Bitcoin ad Asuncion, Paraguay. Questa espansione ha portato la capacità operativa dell’azienda a 750 petahash al secondo (PH/s) in diverse sedi.
L’azienda sta adottando una strategia doppia, combinando il mining di Bitcoin con l’acquisto diretto sul mercato aperto, con l’obiettivo di incrementare più efficacemente le proprie riserve di BTC. KULR ha inoltre rafforzato la sua collaborazione strategica con una società quotata in borsa negli Stati Uniti tramite accordi di leasing di macchine per il mining e servizi di consulenza. L’azienda si è posta l’ambizioso traguardo di raggiungere una capacità di mining di 1,25 EH/s entro la fine dell’estate 2025.
KULR Technology Group (NYSE American: KULR) ha anunciado una expansión significativa en sus operaciones de minería de Bitcoin, desplegando con éxito 3.570 máquinas mineras Bitmain S19 XP 140T en Asunción, Paraguay. Esta implementación ha incrementado la capacidad operativa de la empresa a 750 petahashes por segundo (PH/s) en múltiples ubicaciones.
La compañía está aplicando una estrategia dual de minar Bitcoin y comprarlo en el mercado abierto, con el objetivo de aumentar sus reservas de BTC de manera más eficiente. KULR también ha ampliado su relación estratégica con una empresa estadounidense cotizada en bolsa mediante acuerdos de arrendamiento de máquinas mineras y servicios de consultoría. La empresa se ha fijado la meta ambiciosa de alcanzar una capacidad de minería de 1,25 EH/s para finales del verano de 2025.
KULR Technology Group (NYSE American: KULR)는 파라과이 아순시온에 3,570대의 Bitmain S19 XP 140T 비트코인 채굴기를 성공적으로 배치하며 비트코인 채굴 사업을 크게 확장했다고 발표했습니다. 이번 배치로 회사의 운영 용량은 여러 지역에서 750 페타해시/초 (PH/s)로 증가했습니다.
회사는 비트코인 채굴과 공개 시장에서의 구매를 병행하는 이중 전략을 실행하여 비트코인 보유량을 보다 효율적으로 늘리고자 합니다. 또한 KULR은 미국 증시에 상장된 기업과의 전략적 관계를 채굴기 임대 및 컨설팅 서비스 계약을 통해 확대했습니다. 회사는 2025년 여름 말까지 1.25 EH/s의 채굴 용량 달성을 목표로 설정했습니다.
KULR Technology Group (NYSE American : KULR) a annoncé une expansion significative de ses opérations de minage de Bitcoin, déployant avec succès 3 570 machines de minage Bitmain S19 XP 140T à Asuncion, Paraguay. Ce déploiement a porté la capacité opérationnelle de l’entreprise à 750 petahash par seconde (PH/s) sur plusieurs sites.
L’entreprise met en œuvre une stratégie double consistant à miner du Bitcoin tout en l’achetant sur le marché ouvert, dans le but d’accroître ses réserves de BTC de manière plus efficace. KULR a également renforcé sa relation stratégique avec une société cotée en bourse aux États-Unis via des accords de location de machines de minage et des services de conseil. L’entreprise s’est fixée l’objectif ambitieux d’atteindre une capacité de minage de 1,25 EH/s d’ici la fin de l’été 2025.
KULR Technology Group (NYSE American: KULR) hat eine bedeutende Erweiterung seiner Bitcoin-Mining-Aktivitäten bekannt gegeben und erfolgreich 3.570 Bitmain S19 XP 140T Bitcoin-Mining-Geräte in Asuncion, Paraguay, eingesetzt. Diese Implementierung hat die operative Kapazität des Unternehmens auf 750 Petahash pro Sekunde (PH/s) an mehreren Standorten erhöht.
Das Unternehmen verfolgt eine Doppelstrategie aus Bitcoin-Mining und dem Kauf am offenen Markt, um die BTC-Bestände effizienter aufzubauen. KULR hat zudem seine strategische Partnerschaft mit einem börsennotierten US-Unternehmen durch Vereinbarungen über das Leasing von Mining-Geräten und Beratungsleistungen erweitert. Das Unternehmen hat sich das ehrgeizige Ziel gesetzt, bis Ende Sommer 2025 eine Mining-Kapazität von 1,25 EH/s zu erreichen.
Positive
- Successful deployment of 3,570 new Bitcoin mining machines in Paraguay
- Operational capacity increased to 750 PH/s with target of 1.25 EH/s by late summer
- Strategic dual approach combining mining and market purchases of Bitcoin
- New revenue stream through mining machine leasing operations
- Expanded strategic partnership with U.S. exchange-listed company for operational support
Negative
- Exposure to volatile Bitcoin price cycles and hash rates
- Dependency on unpredictable energy market conditions
- High operational costs associated with mining equipment deployment
Insights
KULR expands Bitcoin mining to 750 PH/s with dual mining/purchasing strategy, aiming for 67% capacity increase by summer’s end.
KULR Technology Group has significantly expanded its Bitcoin mining operations, deploying 3,570 Bitmain S19 XP 140T machines in Paraguay to reach 750 petahash per second (PH/s) of computational power. This deployment represents a substantial operational milestone in the company’s Bitcoin-focused strategy.
What stands out in KULR’s approach is their implementation of a dual acquisition strategy they call “buy-or-mine” flexibility. Rather than committing exclusively to either mining or purchasing Bitcoin, the company maintains optionality to capitalize on market inefficiencies and volatility. This hybrid model allows KULR to optimize its Bitcoin accumulation costs by mining when hash prices are favorable and purchasing directly when market conditions present buying opportunities.
The company has also diversified its revenue streams through ASIC miner leasing operations and a consulting agreement with an unnamed U.S. exchange-listed company. This arrangement generates income beyond direct mining while building operational expertise through comprehensive support services including hosting oversight, mining pool management, and equipment maintenance.
KULR’s announced target of 1.25 exahash per second (EH/s) by late summer would represent approximately a 67% increase from current levels. This aggressive scaling timeline indicates the company’s commitment to establishing significant computational presence in the Bitcoin mining ecosystem.
In the competitive mining landscape, KULR’s strategic diversification across mining operations, equipment leasing, and direct Bitcoin purchases positions the company to navigate the inherent volatility of cryptocurrency markets while building Bitcoin treasury holdings through multiple acquisition channels.
07/09/2025 – 08:00 AM
HOUSTON, July 09, 2025 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR“), a Bitcoin First Company and global leader in sustainable energy management, today announced the successful deployment of 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 leveraging a “buy-or-mine” flexibility, KULR intends to build its BTC holdings more efficiently rather than relying on a single method of BTC accumulation.
Michael Mo, KULR’s CEO, commented on the news, “Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin. The price cycles, however, will remain unpredictable, hash rate is volatile, and even energy markets can shift rapidly. Relying on a single approach — whether solely mining or solely buying — risks missing value when market dynamics shift. In contrast, a dual-pronged model allows KULR to capture the greater margin, whether from hash price, coin price, or both, all while strengthening our treasury resiliency.”
As part of its effort to grow and diversify its revenue through mining machine leasing operations, KULR recently expanded its strategic relationship with a U.S. exchange-listed company through two key initiatives: a leasing agreement of ASIC miners and a consulting and services agreement under which KULR receives comprehensive support for bitcoin mining operations and treasury management — including oversight of hosting and mining pool providers, coordination of miner repairs, and strategic guidance on integrating bitcoin into corporate treasury functions.
KULR continues to scale its mining operations and aims to reach 1.25 EH/s later this summer.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. 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.
Find KULR: Website | X | Telegram | LinkedIn | Instagram | TikTok | Facebook
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: kulr@mgroupsc.com
FAQ
What is KULR’s current Bitcoin mining capacity after the latest deployment?
KULR’s current operational capacity is 750 petahash per second (PH/s) across multiple mining locations after deploying 3,570 Bitmain S19 XP 140T Bitcoin mining machines in Paraguay.
What is KULR’s target mining capacity for summer 2025?
KULR aims to reach 1.25 EH/s in mining capacity by late summer 2025.
How many new Bitcoin mining machines did KULR deploy in Paraguay?
KULR deployed 3,570 Bitmain S19 XP 140T Bitcoin mining machines at facilities located in Asuncion, Paraguay.
What is KULR’s strategy for Bitcoin acquisition?
KULR employs a dual ‘buy-or-mine’ strategy, combining direct Bitcoin mining operations with purchases from the open market to build BTC holdings more efficiently.
What new partnerships has KULR established for its mining operations?
KULR has expanded its strategic relationship with a U.S. exchange-listed company through mining machine leasing and consulting services agreements for comprehensive operational support.
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