According to Deep Tide TechFlow news, on August 15, KULR Technology Group (NYSE: KULR) released its financial report for the second quarter of 2025. The report shows that the revenue for the quarter reached $397 million, a 63% increase year-on-year. The company's net profit was $814 million, with earnings per share of $0.22, mainly thanks to the increase in the market value of its Bitcoin holdings.
As of June 30, 2025, the company held a total of $24.73 million in cash and accounts receivable, with a gross margin of 18%. The operating loss for the quarter was $9.45 million, mainly due to increased sales and administrative expenses and higher research and development investments.
It is worth noting that the company currently holds over 1,035 Bitcoins and has increased its Bitcoin mining capacity to 750 PH/s, with plans to expand to 1.25 EH/s by the end of this summer. At the same time, the company has reached a $20 million credit line agreement with Coinbase to support its Bitcoin reserve strategy.
