KULR Technology Group, a leader in energy management, is making significant moves to bolster its Bitcoin holdings and advance its core businesses. The company plans to raise up to $300 million through "at the market" share sales. This strategic financial maneuver is aimed at funding additional Bitcoin purchases, supporting working capital, and investing in crucial research and development.

With over $100 million in cash and Bitcoin currently on its balance sheet and virtually no debt, KULR is in a strong financial position to expand its battery and AI Robotics divisions. However, the primary focus of these new capital market activities is to "turbocharge" the company's Bitcoin acquisition strategy. ₿

First Quarter 2025 & Recent Highlights:

KULR has also reported impressive highlights for the first quarter of 2025:

  • Texas Space Commission Award: KULR was awarded a significant $6.7 million by the Texas Space Commission. This grant is part of a larger $26 million initiative designed to strengthen Texas' leadership in space exploration and technology. 🌌

  • Collaboration with NASA: The project involves close collaboration with NASA Johnson Space Center (JSC) and a partnership with South 8 Technologies. KULR will be responsible for the design, testing, and production of lithium-ion cells that use liquefied gas (LiGas) electrolyte from South 8 Technologies. These advanced cells are engineered to operate in extreme conditions, down to -60°C, and will be integrated into the KULR ONE Space platform for lunar and Martian missions. 🛰️

  • Strategic Location: KULR's Webster, Texas facility, conveniently located near NASA Johnson Space Center, will serve as the engineering and testing hub for this groundbreaking effort. It will conduct advanced battery safety testing and performance validation.

This funding and the ongoing strategic initiatives underscore KULR's commitment to both its cutting-edge technology ventures and its ambitious Bitcoin investment plans.

Source: KULR Technology Group Reports First Quarter 2025 Financial Results - ADVFN

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