KULR releases Q2 financial report: quarterly revenue reaches US$397 million, a year-on-year increase of 63%
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最新报道：According to Coinnet, KULR Technology Group (NYSE: KULR) released its second-quarter 2025 financial results. The report showed that revenue for the quarter reached $397 million, a 63% year-over-year increase. The company's net profit was $814 million, or $0.22 per share, primarily driven by the increase in the market value of its Bitcoin holdings. As of June 30, 2025, the company held $24.73 million in cash and accounts receivable, with a gross profit margin of 18%. Operating losses for the quarter were $9.45 million, primarily due to increased selling and administrative expenses and increased R&D investment. Notably, the company currently holds over 1,035 Bitcoins and has increased its Bitcoin mining hashrate to 750 petahashes per second (PH/s), with plans to expand to 1.25 exahashes per second by the end of this summer. The company has also secured a $20 million credit line with Coinbase to support its Bitcoin reserve strategy.
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