KULR Technology Group (NYSE: KULR) released its second quarter 2025 earnings report. The report shows that the quarter's revenue reached $397 million, an increase of 63% year-on-year. The company's net profit was $814 million, or $0.22 per share, mainly due to the increase in the market value of its bitcoin holdings.
As of June 30, 2025, the company held a combined cash and accounts receivable of $24.73 million and a gross margin of 18%. The operating loss for the quarter was $9.45 million, mainly due to increased sales and management fees and increased investment in research and development.
It is worth noting that the company currently holds over 1,035 bitcoins and has increased its bitcoin mining capacity to 750 PH/s, with plans to expand to 1.25 EH/s by the end of this summer. At the same time, the company has reached a $20 million credit line agreement with Coinbase to support its bitcoin reserve strategy.
KULR released Q2 financial report: quarterly revenue reached $397 million, an increase of 63% year-on-year
2025-08-15 00:38:38
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
KULR发布Q2财务报告：季度营收达3.97亿美元，同比增长63%Next article：
某新建地址过去 6 小时里购买 46.6 万枚 HYPE ，价值2145 万美元
