HOUSTON, May 20, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has increased its bitcoin acquisitions for its Bitcoin Treasury by an additional $9 million to reach a total of $78 million in bitcoin acquisitions. The additional bitcoin were acquired at a weighted average price of $103,234 per bitcoin, inclusive of fees and expenses. The Company now holds 800.3 BTC.
KULR Technology Group, Inc. reported disappointing first quarter results, with both revenue and profitability missing expectations by a wide margin. The company continued to aggressively sell new shares into the open market in order to expand its Bitcoin holdings. KULR Technology continues to trade at a substantial premium to market leader Strategy. Even when assigning a generous valuation to the company's tiny core business, the company remains overvalued.
KULR Technology Group, Inc. (NYSE:KULR ) Q1 2025 Earnings Conference Call May 15, 2025 4:30 PM ET Company Participants Stuart Smith - Investor Relations Michael Mo - Chief Executive Officer Shawn Canter - Chief Financial Officer Conference Call Participants Stuart Smith Welcome everyone to the KULR Technology Group First Quarter 2025 Earnings Call. I'm your moderator for the call, Stuart Smith.
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Hardware, Equipment & Parts Industry | Technology Sector | Mr. Michael Mo CEO | AMEX Exchange | 50125G109 Cusip |
US Country | 52 Employees | - Last Dividend | - Last Split | 18 Jul 2018 IPO Date |
KULR Technology Group, Inc., operating through its subsidiary, KULR Technology Corporation, is at the forefront of developing and commercializing innovative thermal management solutions for a wide range of applications, including electronics, batteries, and component technologies primarily within the United States. Originally known as KT High-Tech Marketing Inc., the company rebranded to KULR Technology Group, Inc. in August 2018. Since its establishment in 2013, KULR has dedicated itself to advancing thermal management technologies that cater to the needs of electric vehicles, energy storage systems, battery recycling transportation, cloud computing infrastructures, and 5G communication devices. Headquartered in San Diego, California, KULR Technology Group's mission is to enhance safety and operational efficiency across various high-growth markets through its cutting-edge products and services.
KULR Technology Group, Inc. offers a diverse portfolio of products and services designed to address the complex challenges of thermal management in high-performance applications:
Through these offerings, KULR Technology Group, Inc. plays a pivotal role in powering critical applications across leading-edge sectors such as lithium-ion battery energy storage, electric vehicles, 5G communication, cloud computing infrastructure, as well as consumer and industrial devices.