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 ...

KULR Technology Group - KULR's stock surged over 1,000% in the past two months due to increased commercial and government contracts and its plan to allocate 90% of surplus cash to Bitcoin, attracting crypto investors [1] - The company specializes in fiber-based heat management products for lithium-ion batteries, originally developed for NASA, and now serves government, tech, and aerospace sectors [2] - Analysts project a 73% CAGR in revenue from 2023 to 2026, but its enterprise value of $730 million and 55x next year's sales valuation pose risks [3] Intuitive Machines - Intuitive Machines focuses on lunar exploration and landing vehicles, securing three major NASA contracts in 2021 and successfully launching its Nova-C lunar lander in February 2024 [4] - The company achieved a record quarterly backlog of $316 million in Q3 2024, supported by new NASA contracts, including a $4.8 billion near-space network deal [5] - Revenue is expected to grow from $80 million in 2023 to $215-$235 million in 2024, with analysts forecasting a doubling of revenue to $497 million by 2026 and profitability by 2026 [6] - With an enterprise value of $1.5 billion, the company trades at 4x next year's sales, positioning it for potential multibagger gains in the lunar exploration race [7] Nio - Nio is a leading Chinese EV manufacturer known for its swappable battery technology, offering a faster alternative to traditional charging [8] - Deliveries grew by 34% in 2022 and 31% in 2023, slowed by China's economic slowdown, cooling EV market, competition, and adverse weather, with vehicle margins halving from 20.2% in 2021 to 9.5% in 2023 [9] - For 2024, Nio expects a 51%-53% increase in deliveries, driven by premium ET-series sedans and cheaper Onvo smart vehicles, with revenue projected to grow at a 29% CAGR from 2023 to 2026 [10] - With an enterprise value of 64.8 billion yuan ($8.9 billion) and a P/S ratio below 1, Nio's stock is undervalued, though higher tariffs and competition remain concerns [11]

HOUSTON, Dec. 30, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced thermal management and vibration reduction solutions, is pleased to announce its active collaboration with the U.S. Army to plan an in-depth evaluation of the KULR VIBE system for vibration reduction and optimal balance on AH-64E Apache and UH-60 Black Hawk helicopters. The evaluation is slated to begin in 2025 and will explore the potential of KULR VIBE to enhance ope ...

Company Overview - KULR Technology specializes in energy storage solutions for aerospace and defense industries, focusing on thermal management technologies for lithium-ion batteries [3][4] - The company was founded in 2013 and went public in 2018, later uplisting to the New York Stock Exchange in 2021 [4] Recent Performance - KULR's stock surged approximately 1,610% over the past two months, transitioning from a penny stock to a hypergrowth stock due to new contracts and compliance with NYSE standards [1] - Revenue growth has been significant, with a 285% increase to $2.4 million in 2021, 66% to $4 million in 2022, and 146% to $9.8 million in 2023, driven by partnerships with major companies like SpaceX and Tesla [5] Contracts and Future Plans - Recent contract expansions include a U.S. Army battery contract and a new high-temperature battery-testing contract with the U.S. Navy, along with plans to launch a satellite battery via SpaceX in 2026 [6] - Analysts project revenue growth to slow to 4% in 2024, but expect a compound annual growth rate (CAGR) of 123% to $50.8 million by 2026, with a potential net profit of $2.9 million [7] Bitcoin Strategy - KULR plans to allocate 90% of its surplus cash to Bitcoin purchases, having recently acquired 217.18 Bitcoins for $21 million at an average price of $96,556.53 [8] - This strategy is compared to MicroStrategy's Bitcoin accumulation, although KULR's holdings are significantly smaller [8] Valuation Concerns - KULR's enterprise value stands at $1.15 billion, leading to concerns about overvaluation at 115 times this year's sales and 23 times projected sales for 2026 [9] - The company has increased its share count by 164% over the past five years, with insiders selling more than 50% of their shares in the last year, raising red flags about its sustainability as a growth stock [10] Market Sentiment - Current sentiment suggests KULR resembles a meme stock rather than a sustainable growth entity, with high valuations not supported by revenue generation [11]

Group 1: Cryptocurrency Strategic Investments - KULR Technology Group announced a Bitcoin Treasury strategy, allocating up to 90% of its surplus cash to Bitcoin, with an initial purchase of $21 million [1][8] - Block, Inc. reported Bitcoin revenue of $7.77 billion for the nine months ending September 30, 2024, and holds a total of 444,262 BTC, with 8,363 BTC valued at a cost basis of $241.1 million [2][9] - MicroStrategy has become a significant player in the cryptocurrency space, holding 423,650 BTC and recently joining the Nasdaq 100 index, which has changed perceptions of Bitcoin on Wall Street [9][17] Group 2: Corporate Collaborations and Investments - Rumble Inc. announced a strategic investment of $775 million from Tether, which will support growth initiatives and a self-tender offer for Class A Common Stock [3][10] - Tether's CEO emphasized the shared values of decentralization and transparency in their collaboration with Rumble, aiming to empower technologies that promote freedom [11][19] - The investment from Tether is expected to enhance Rumble's growth and provide liquidity for stockholders participating in the tender offer [19] Group 3: Market Impact and Future Outlook - The potential for a $20 billion Bitcoin purchase by the U.S. Treasury in 2025 could significantly impact the cryptocurrency landscape and drive Bitcoin prices higher [1] - The trend of publicly traded companies adopting cryptocurrency as a strategic investment is growing, with various sectors including biotech and healthcare entering the space [20][16] - The evolving landscape of cryptocurrency investments is reshaping the financial futures of companies, indicating a shift from traditional to innovative financial strategies [12][15]