TechFlow, August 15 — KULR Technology Group (NYSE: KULR) released its second-quarter 2025 financial report. The report showed quarterly revenue reached $397 million, a 63% year-over-year increase. The company recorded a net profit of $814 million, or $0.22 per share, primarily driven by the appreciation in the market value of its held Bitcoin.
As of June 30, 2025, the company held $24.73 million in cash and accounts receivable combined, with a gross margin of 18%. Operating loss for the quarter was $9.45 million, mainly due to increased sales and administrative expenses as well as higher research and development investment.
Notably, the company currently holds over 1,035 Bitcoin and has increased its Bitcoin mining hash rate to 750 PH/s, planning to expand it to 1.25 EH/s by the end of this summer. Additionally, the company has secured a $20 million credit facility agreement with Coinbase to support its Bitcoin reserve strategy.
