KULR Technology Partners with Soluna Holdings for 3.3 MW Bitcoin Mining Hosting Operation

Core Insights - KULR Technology Group Inc. has entered a partnership with Soluna Holdings Inc. for a 3.3 MW Bitcoin mining hosting operation, marking a significant step in KULR's Bitcoin Treasury Accumulation Strategy [1][2][3] Company Overview - KULR Technology Group Inc. focuses on developing and commercializing thermal management technologies for electronics and batteries in the US [4] - Soluna Holdings Inc. operates in cryptocurrency mining through data centers and has three segments: Cryptocurrency Mining, Data Center Hosting, and HPC Services [4] Partnership Details - The partnership involves a Bitcoin Mining Lease where Soluna will manage KULR's mining hardware, ensuring guaranteed hashrate and uptime targets [3] - This collaboration allows Soluna to expand its customer base beyond traditional Bitcoin miners, aligning with KULR's strategy to allocate up to 90% of its surplus cash reserves to Bitcoin [2][3]