HOUSTON, March 11, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, will hold a conference call on Thursday, March 27th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The financial results will be issued in a press release prior to the call. KULR management will host the conference call, followed by a questio ...

Certification will Strengthen KULR’s Position in Aerospace and Defense Manufacturing Sector HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced their Webster, Texas headquarters facility has achieved AS9100 certification. This certification is a significant milestone confirming KULR’s commitment to quality, safety, and customer satisfaction within the aerospace and defense ma ...

HOUSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional $10 million to reach a total of approximately $60 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $103,905 per bitcoin, inclusive of fees and expenses. The Company now holds 610.3 BTC. This strategic move ...

HOUSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional $10 million to reach a total of approximately $60 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $103,905 per bitcoin, inclusive of fees and expenses. The Company now holds 610.3 BTC. This stra ...

HOUSTON, Jan. 27, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced its strategic partnership with EDOM Technology (EDOM) (3048.TW), a long-standing NVIDIA Channel Partner and a premier integration and distribution company. This collaboration positions KULR to deliver its innovative KULR Xero Vibe™ (KXV) and KULR ONE product lines to Taiwan, a global epicenter of AI supply chain development, by levera ...

HOUSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in carbon-based thermal management and battery safety solutions, has announced an innovative collaboration with the prestigious Scripps Research Institute's Baran Lab. Together, the teams have developed a groundbreaking pyrolytic carbon (PC) electrode material, poised to transform synthetic organic electrochemistry. The jointly developed electrode is a low-cost, robust, and ...

HOUSTON, Jan. 21, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional $8 million to reach a total of $50 million in bitcoin acquisitions. The additional purchases were made at a weighted average price of $101,695 per bitcoin, inclusive of fees and expenses. The Company now holds 510 BTC. This strategic move aligns ...

Market Sentiment and Crypto Boom - Markets are anticipating a Trump-fueled crypto boom, with cryptocurrency-related stocks becoming a must-watch in today's market [1] - Crypto was one of the two drivers that drove gains in the year's top 5 tech stocks in 2024, especially after Donald Trump's election victory in November [1] - The Republican Party's election win has led to a friendlier sentiment towards crypto, with companies like Spearmint Resources planning to allocate cash into high-quality crypto assets [5] Cryptocurrency Market Growth - The Global Market for Cryptocurrency was estimated at US$1.3 billion in 2023 and is projected to reach US$1.8 billion by 2030, growing at a CAGR of 4.8% [2] - The Global Digital Asset Trading Platform Market size is expected to grow from US$2.49 billion in 2023 to US$10.99 billion by 2033, at a CAGR of 16.01% [2] Spearmint Resources' Crypto Strategy - Spearmint Resources more than doubled its crypto holdings via additional purchases of Solana, a crypto-computing platform known for high transaction speeds and scalability [3] - The company's management believes diversifying into Solana holds the highest potential for growth within the crypto space and plans to continue this strategy in the foreseeable future [4] - Spearmint Resources is also developing its George Lake South Antimony Project in Canada and holds lithium assets in Nevada, showing potential for both lithium clay and brine [5][6] Industry Developments - KULR Technology Group increased its Bitcoin Treasury by an additional $21 million, reaching a total of $42 million in bitcoin acquisitions, with a weighted average price of $98,393.58 per bitcoin [8] - KULR introduced "BTC Yield" as a KPI to measure the percentage change in bitcoin holdings per share, achieving a BTC Yield of 93.7% from December 2024 to January 2025 [9] - MARA Holdings surpassed its year-end hash rate target of 50 EH/s, mined 249 blocks in December, and increased its energized hash rate to 53.2 EH/s, a 15% improvement over November [10] - MARA Holdings acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC in 2024, bringing its total holdings to 44,893 BTC, valued at $4.2 billion [10] Legal and Regulatory Developments - Coinbase Global won a legal battle against the SEC, with a judge ruling that the company can escalate a dispute over crypto securities definitions directly to the U.S. Court of Appeals [11] - The ruling speeds up the timeline for a definitive decision on the core securities issue in the crypto sector, though the appeals court must first agree to hear the case [12] - Robinhood Markets settled SEC charges for $45 million, with its CEO expressing optimism about the crypto industry under the incoming Trump administration [13] Financial Performance and Outlook - Robinhood Markets is set to release its Q4 and FY 2024 financial results on February 12, 2025, with cryptocurrencies accounting for a significant portion of its transaction-based revenue [14]

Core Insights - KULR Technology Group has signed a multi-million-dollar licensing agreement to enable advanced carbon fiber cathode applications for nuclear reactor systems in Japan [1][4] Group 1: Licensing Agreement - The licensed carbon fiber cathode solutions are specifically engineered for critical use in nuclear reactors, offering enhanced safety, superior heat dissipation, and structural integrity [2] - The license will be applied to laser-based nuclear fusion systems and small modular reactors (SMRs), which are emerging technologies for cost-effective and reliable fusion energy [3] Group 2: Strategic Market Opportunities - This licensing agreement highlights KULR's leadership in carbon fiber-based energy solutions and opens new opportunities for advancements in nuclear technology within Japan and the broader Asian market [4] - KULR aims to contribute to the development of fusion technology to meet increasing global energy demands while addressing climate change [4] Group 3: Industry Context - According to Goldman Sachs, data center energy demand is projected to double by 2030, with nuclear energy becoming increasingly important for hyperscalers to meet rising demands [5] - Global electricity use is projected to rise by as much as 75% by 2050, indicating a significant opportunity for KULR's technology to address these challenges [5] Group 4: Company Overview - KULR Technology Group delivers cutting-edge energy storage solutions for space, aerospace, and defense, leveraging in-house battery design expertise and comprehensive testing capabilities [6] - The company has committed to allocating up to 90% of its surplus cash to the acquisition of bitcoin as part of its treasury program [6]

KULR Technology (KULR -13.31%) stock posted massive gains in 2024. The company's share price climbed 1,819% across last year's trading, according to data from S&P Global Market Intelligence. While KULR stock posted some significant gains across the first half of last year, the fourth quarter of 2024 delivered a breakout rally for its share price. The company's stock saw explosive gains in conjunction with new contract wins and excitement surrounding the company's plan to make Bitcoin a major part of its bal ...