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 operational efficiency and safety across these critical platforms.
KULR Technology (KULR -2.92%), a provider of energy storage solutions, saw its stock rally about 1,610% over the past two months. It had been languishing as a penny stock since early 2023, but it abruptly skyrocketed and transformed into a hypergrowth stock after it secured new contracts, regained compliance with the NYSE American's listing standards, and made a big Bitcoin purchase to launch its own Bitcoin treasury.
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 27, 2024) - Investorideas.com, a go-to investing platform covering cryptocurrency and cleantech stocks releases a snapshot looking at publicly traded companies and how the strategic investment of cryptocurrency is reshaping their financial futures, featuring KULR Technology Group, Inc (NYSE American: KULR), a leader in advanced energy management platforms. Read the full article at Investorideas.com Click Here Bitcoin and other cryptocurrencies once scoffed at by Wall Street elites have now become a part of the financial future of publicly traded companies as President-elect Trump and his team give credibility to Bitcoin as an asset.
Shares of KULR Technology Group (KULR) soared to close at a record high $4.80 Thursday after the energy storage company made its first investment in bitcoin worth $21 million.
On Thursday, KULR Technology Group, Inc KULR announced that it has completed the purchase of 217.18 Bitcoin BTC/USD for approximately $21 million, at an average price of $96,556.53 per BTC.
HOUSTON, Dec. 26, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leader in advanced energy management platforms, today announced that it has completed the purchase of 217.18 Bitcoin (“BTC”) for approximately $21 million, at an average price of $96,556.53 per BTC. The purchase follows the Company's announcement on December 4th of its Bitcoin Treasury strategy in which it announced allocating up to 90% of its surplus cash to BTC.
NYSE:KULR announced it has received official notice from the NYSE American LLC confirming that the Company has regained compliance with listing standards.
KULR proudly announces plans to launch the KULR ONE Space (K1S) battery via launch integrator Exolaunch on a SpaceX rideshare mission scheduled for 2026
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 11, 2024) - Investorideas.com, a go-to investing platform covering renewable energy and AI stocks releases a snapshot on recent news and developments looking at the marriage of AI and energy, featuring KULR Technology Group, Inc (NYSE American: KULR), a global leader in energy management and vibration reduction solutions. Read the full article on Investorideas.com Click Here Grandview Research says, "The global AI in energy market size was valued at USD 8.75 billion in 2023 and is expected to grow at a CAGR of 30.1% from 2024 to 2030.
KULR's Xero Vibe™ solution complements the NVIDIA's Jetson edge AI platform by addressing key operational challenges such as vibration. suppression
KULR Technology stock has shown significant volatility, trading between $0.10 and $1.7499, with recent gains suggesting a potential breakout from a bearish trend. Promising Q3 2024 earnings, including record revenue and reduced operating expenses, highlight KULR's improving financial health and operational efficiency. KULR Technology's strategic moves, such as a defense contract and Bitcoin allocation, along with NASA-certified products, enhance its market position and investor appeal.
I believe KULR's exposure to high-growth industries, including eVTOLs, data centers, SMRs, and space batteries (to name a few) make this penny stock an asymmetric risk/reward bet. The 400% increase in its share price in the past month suggests growing investor interest, though I believe it's primarily from retail, with minimal institutional involvement so far. I see partnerships with Amprius, H55, and Molicel as a strong sign of demand for KULR's technology, with further collaboration announcements likely to increase the share price.