Core Insights - The article discusses the transition towards sustainable cryptocurrency mining through eco-friendly data centers, highlighting partnerships and expansions among key players in the industry [4][6][8]. Group 1: Industry Trends - Cryptocurrency mining data centers consume 100-200 times more energy than conventional office spaces, necessitating advancements in power consumption regulation and cooling mechanisms for sustainability [6]. - The market for sustainable data centers is projected to reach $43.64 billion by 2034, driven by the integration of renewable energy sources and advanced technologies [4][8]. Group 2: Company Developments - KULR Technology Group has entered a 3.3 MW hosting agreement with Soluna Holdings for Bitcoin mining at Project Sophie in Kentucky, set to launch in Q4 2025 [4][10]. - Soluna is also deploying a 20 MW Avalon miner project in Texas with Canaan Inc., expected to be operational by Q1 2026, enhancing its renewable-powered infrastructure [12][15]. - Riot Platforms mined 445 Bitcoin in September 2025, marking an 8% year-over-year increase, while diversifying into non-crypto data centers under new leadership [4][17]. - IREN Limited has doubled its AI cloud capacity to 23,000 GPUs, targeting over $500 million in annualized revenue by Q1 2026, reflecting the growing demand for AI and Bitcoin mining [20][22].

Core Insights - Soluna Holdings has announced a new hosting partnership with KULR Technology Group, marking its first collaboration with a Bitcoin treasury-focused company, thereby broadening its customer base beyond traditional Bitcoin miners and hyperscalers [1][2][3] Group 1: Partnership Details - Under the agreement, Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky, with operations expected to commence in Q4 2025 [2][5] - KULR will utilize Soluna's operational expertise to manage its mining hardware, ensuring guaranteed hashrate and uptime targets through a new "Bitcoin Mining Lease" structure [6][7] Group 2: Strategic Implications - The partnership reflects a strategic shift for Soluna, as it adapts its renewable-powered hosting model to meet the evolving demands of Bitcoin mining and adjacent industries [3][4] - KULR's commitment to allocate up to 90% of its surplus cash reserves to Bitcoin as part of its treasury strategy aligns with Soluna's model, which offers a pathway to guaranteed hashrate without the operational complexities of mining [7][12] Group 3: Market Context - The global Battery Backup Unit (BBU) market is projected to grow from 29.22 billion USD in 2025 to 43.64 billion USD by 2034, indicating a significant opportunity for companies like KULR as they expand their focus beyond Bitcoin mining [4]

Core Insights - KULR Technology Group has announced a new hosting partnership with Soluna Holdings to operate 3.3 MW of Bitcoin mining capacity at Soluna's Project Sophie facility in Kentucky, marking a strategic move into sustainable Bitcoin mining [1][4][6] - The partnership allows KULR to leverage Soluna's expertise in renewable-powered hosting, aligning with the growing demand for sustainable computing infrastructure in the Bitcoin mining sector [2][3][6] - KULR's commitment to Bitcoin as part of its treasury strategy includes allocating up to 90% of its surplus cash reserves to Bitcoin acquisition, supported by this new hosting framework [6][8] Company Overview - KULR Technology Group is a Bitcoin+ treasury company focused on high-performance energy systems and AI Robotics, delivering advanced energy storage solutions for various sectors [7][8] - Soluna Holdings specializes in developing green data centers that utilize surplus renewable energy for intensive computing applications, including Bitcoin mining [9] Market Context - The global Battery Backup Unit (BBU) market is projected to grow from 29.22 billion USD in 2025 to 43.64 billion USD by 2034, indicating a significant opportunity for KULR as it expands into BBU solutions [3]

Core Insights - KULR Technology Group, Inc. has launched its next generation Battery Management System (kBMS), designed to set a new industry benchmark for reliability, safety, and energy efficiency [1][4] Product Overview - The kBMS is available in two variants: one for defense and terrestrial applications, and another optimized for spacecraft power systems [2] - The space-focused version can be configured as a cost-effective system with commercial chipsets or as a premium build with radiation-tolerant components [2] - This flexibility allows KULR to offer space-rated BMS solutions at various price points, catering to different budget and safety needs [2] Key Features and Innovations - The kBMS utilizes an analog architecture and rad-tolerant chipset integration, enabling deployment in both cost-effective and premium configurations [3] - It features robust firmware and a dual-redundancy hardware architecture to ensure safe operation under extreme conditions [3] - The system employs lower-impedance MOSFETs to enhance energy efficiency, reduce thermal losses, and extend system runtime [6] - An isolated communication interface protects load and power electronics from damaging voltage spikes [6] - The kBMS can be recalibrated to restore accuracy, lowering lifecycle costs and reducing downtime compared to traditional BMS solutions [6] Market Positioning - The introduction of the kBMS expands KULR's offerings beyond thermal management and energy storage, reinforcing its position as a comprehensive battery safety and intelligence provider [4] - The kBMS platform is expected to accelerate adoption across Space, Defense, and other mission-critical applications where uptime, safety, and system resilience are crucial [4] Company Background - KULR Technology Group, Inc. is a Bitcoin+ Treasury company that builds a portfolio of frontier technology businesses, including high-performance energy systems and AI Robotics [5] - The company leverages in-house battery design expertise and comprehensive testing capabilities to deliver next-generation energy storage systems at competitive costs [5] - Since late 2024, KULR has included bitcoin as a primary asset in its treasury program, committing to allocate up to 90% of its excess cash for bitcoin acquisition [5]

Core Viewpoint - KULR Technology Group, Inc. has launched six new commercial off-the-shelf (COTS) KULR ONE Space (K1S) CubeSat battery models, designed to cater to the evolving needs of the space sector, with capacities ranging from 100 to 500Wh [1][4]. Product Features - The K1S batteries are built on KULR's proven space battery technology, offering enhanced flexibility, safety, weight efficiency, and mission-specific customization [2][3]. - The new battery models include Passive Propagation Resistant (PPR) series for maximum safety in orbital and deep-space missions, lightweight models for mass savings, and customizable platforms for tailored designs [7]. Market Position - This product release strengthens KULR's position as a leading provider of next-generation space power solutions, enabling a modular path for customers to access space-proven technology with faster lead times and cost efficiencies [4]. - The K1S battery models are immediately available for commercial orders, with production based at KULR's facility in Webster, Texas [4]. Company Overview - KULR Technology Group, Inc. is a Bitcoin+ Treasury company that develops a portfolio of frontier technology businesses, including high-performance energy systems and AI Robotics [5]. - The company leverages in-house battery design expertise and comprehensive testing capabilities to deliver next-generation energy storage systems at competitive costs [5].

Group 1 - KULR Technology Group, Inc. is participating in the Commercial UAV Expo 2025, showcasing its KULR ONE Air product and battery safety technology [1][2] - KULR ONE Air (K1A) is an advanced lithium-ion battery system designed for UAV/UAM applications, featuring a compact and scalable architecture optimized for flight performance [1] - The company has integrated bitcoin into its treasury program, committing to allocate up to 90% of its excess cash for bitcoin acquisition since late 2024 [3] Group 2 - The Commercial UAV Expo will take place from September 2 to 4, 2025, at Caesars Forum in Las Vegas, Nevada [2][3] - KULR Technology Group specializes in high-performance energy systems and AI Robotics, providing energy storage solutions for space, aerospace, and defense [3]

Core Insights - KULR Technology Group has announced strategic partnerships with Molicel and Amprius Technologies to launch the KULR ONE Air (K1A) battery systems for the unmanned aircraft systems (UAS) market, with initial shipments starting in July 2025 and volume production expected in Q4 2025 [1][2][5] Company Overview - KULR Technology Group focuses on high-performance energy systems and AI Robotics, leveraging its expertise in energy storage solutions for aerospace and defense applications [8] - The company has integrated Bitcoin into its treasury strategy, committing to allocate up to 90% of excess cash for Bitcoin acquisition since late 2024 [8] Product Features - The K1A battery line combines KULR's thermal management technologies with Amprius' high energy density SiCore cylindrical battery cells and Molicel's high-power P50B cells, enhancing safety and flight capabilities for next-generation UAS [2][4] - Key features include a 500 Wh/kg energy density from Amprius' silicon anode technology, lightweight design, and robust thermal stability from Molicel's cells, making it suitable for extreme operational conditions [4][5] Market Potential - The global drone battery market is projected to grow from $9.5 billion in 2025 to $49.6 billion by 2035, driven by increasing demand for autonomous systems in commercial and defense sectors [5] - KULR's K1A platform is strategically positioned to capitalize on this market growth by providing high-energy-density power solutions [5] Regulatory Environment - Recent U.S. policy shifts aim to boost domestic drone production, with proposed regulatory reforms that would facilitate broader UAS deployment across various sectors, including agriculture and emergency response [6][7]

Group 1 - The focus has shifted from primarily tech stocks to include offshore drilling, supply industry, and shipping sectors such as tankers, containers, and dry bulk [1] - There is an emerging interest in the fuel cell industry, which is still in its nascent stage [1] Group 2 - The individual has a background in auditing with PricewaterhouseCoopers and transitioned to day trading nearly 20 years ago [2] - The experience includes navigating significant market events such as the dotcom bubble, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Financial Data and Key Metrics Changes - In Q2 2025, the company achieved record revenue of approximately $4 million, up 63% from the same quarter in 2024 [5][26] - The first quarterly profit was reported at $0.22 per share, attributed to the Bitcoin treasury strategy [5] - The balance sheet includes approximately $140 million in cash and Bitcoin, indicating strong capitalization for growth [6][29] - Product revenue increased by 74% year over year, while service revenue decreased by 57% [27] Business Line Data and Key Metrics Changes - Product revenue per customer grew by 4.6%, while service revenue per customer declined by 50% [27] - Gross margin for Q2 was 18%, down due to unanticipated labor hours and Bitcoin price effects [28] - The company is transitioning from a design and testing service model to a product-focused model, with expectations to double revenue in 2025 compared to 2024 [6][7] Market Data and Key Metrics Changes - The subsea battery system market is projected to grow from approximately $1.2 billion in 2024 to $3.5 billion by 2035 [20] - The company is exploring new markets, including exoskeleton technology, which is expected to grow quickly and contribute to revenue in 2025 [23] Company Strategy and Development Direction - The company aims to leverage its Bitcoin treasury strategy to build a portfolio of frontier technologies, including high-performance energy systems and AI robotics [13][24] - The Cooler One platform is positioned as a key growth engine, with plans to introduce new products for unmanned vehicles and industrial applications [6][7] - The company is focused on enhancing shareholder communications and addressing negative sentiments in the market [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, emphasizing the importance of the Cooler One platform and its advanced battery products [16][21] - The management acknowledged the challenges posed by negative market sentiments and short-selling reports but remains focused on long-term growth [11][72] Other Important Information - The company has no material debts and maintains a strong cash position, with a current accounts receivable of about $4.2 million [29] - The reverse stock split was executed to attract institutional investors, not for compliance reasons [9][12] Q&A Session Summary Question: What is the traction with DOD regarding Vibe and helicopters? - The product can balance various helicopters, and significant work has been done with DOD customers [30][31] Question: Why are SG&A costs increasing while sales growth is not keeping pace? - SG&A costs reflect planned investments for future growth, despite record revenue [33][34] Question: Why should shareholders continue to hold shares given dilution concerns? - The ATM strategy has strengthened the balance sheet, allowing for continued investment in growth areas [36][37] Question: Is there any class action lawsuit against the company? - The company is not aware of any class action litigation against it or its officers [44] Question: What is the current status of the K1DS testing services division? - The investment in K1DS has been completed, and the focus is now on strategic key customers [63] Question: What is the rationale behind the reverse stock split? - The reverse split was voluntary to attract institutional investors and strengthen the shareholder base [39][66] Question: What is the company's strategy regarding Bitcoin and product development? - Bitcoin is a key part of the treasury strategy, but the company continues to focus on technology and product development [76] Question: What is the current hash rate and target for Bitcoin mining? - The current hash rate is approximately 900 petahash, with a target to reach one exahash by fall [77][78] Question: What is the status of the Texas Space Commission order? - The grant program is progressing well, and a satellite manufacturing partner is being selected [79]

[Form 8-K Filing Details](index=1&type=section&id=Form%208-K%20Filing%20Details) This section details the identification of the Form 8-K report and the registrant, KULR Technology Group, Inc [Report Identification](index=1&type=section&id=Report%20Identification) Identifies the Form 8-K Current Report filed by KULR Technology Group, Inc. on August 14, 2025, under the Exchange Act - The document is a Form 8-K Current Report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934[1](index=1&type=chunk)[2](index=2&type=chunk) - The report date, which is the date of the earliest event reported, is August 14, 2025[2](index=2&type=chunk) [Registrant Information](index=1&type=section&id=Registrant%20Information) Details KULR Technology Group, Inc.'s identification, including incorporation state, SEC file number, and trading symbol Registrant Identification Details | Detail | Value | | :--- | :--- | | Exact Name of Registrant | KULR TECHNOLOGY GROUP, INC. | | State of Incorporation | Delaware | | Commission File Number | 001-40454 | | IRS Employer Identification No. | 81-1004273 | | Principal Executive Offices | 555 Forge River Road, Suite 100, Webster, Texas 77598 | | Registrant's Telephone Number | (408) 663-5247 | | Common Stock Trading Symbol | KULR | | Exchange on which registered | NYSE American LLC | - The registrant is not an emerging growth company, as indicated by the unchecked box[4](index=4&type=chunk) [Events Reported](index=2&type=section&id=Events%20Reported) Details Q2 2025 financial results, operational highlights, and the company's public disclosure practices [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) KULR Technology Group, Inc. announced Q2 2025 financial results via a press release issued on August 14, 2025 - On August 14, 2025, the Company issued a press release announcing certain financial results for the second quarter ended June 30, 2025[5](index=5&type=chunk) - A copy of the press release is incorporated by reference and furnished as Exhibit 99.1[5](index=5&type=chunk) - The information under this Item 2.02 is furnished and not deemed "filed" for Section 18 purposes of the Exchange Act, nor incorporated by reference in other filings unless expressly set forth[6](index=6&type=chunk) [Item 7.01 Regulation FD Disclosure](index=2&type=section&id=Item%207.01%20Regulation%20FD%20Disclosure) The press release discussed operational highlights, with the company using its website and social media for public information - The press release, attached as Exhibit 99.1, discussed recent operational highlights in addition to financial results[7](index=7&type=chunk)[8](index=8&type=chunk) - The Company uses its website and various social media channels (Twitter, LinkedIn, Facebook, TikTok, Instagram, YouTube) as additional means of disclosing public information to investors and the media[9](index=9&type=chunk) - The information in this Item 7.01 disclosure, including Exhibit 99.1, is furnished and not deemed "filed" for Section 18 purposes of the Exchange Act[10](index=10&type=chunk) [Exhibits](index=2&type=section&id=Exhibits) Lists all exhibits included in the Form 8-K filing, specifically the press release and interactive data file [Item 9.01 Exhibits List](index=2&type=section&id=Item%209.01%20Exhibits) Lists the exhibits accompanying the Form 8-K filing, including the Press Release and Interactive Data File List of Exhibits | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release dated August 14, 2025 | | 104 | Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | [Signatures](index=3&type=section&id=Signatures) Confirms the official signing of the Form 8-K report by KULR Technology Group, Inc.'s CEO [Company Signatures](index=3&type=section&id=Company%20Signatures) The report is signed on behalf of KULR Technology Group, Inc. by CEO Michael Mo on August 14, 2025 - The report is signed by Michael Mo, Chief Executive Officer of KULR TECHNOLOGY GROUP, INC[14](index=14&type=chunk)[15](index=15&type=chunk) - The signature date is August 14, 2025[15](index=15&type=chunk)