CoinWorld reported that KULR Technology Group (NYSE: KULR) released its Q2 2025 financial report. The report shows that the revenue for the quarter reached $397 million, a year-on-year increase of 63%. The company's net profit was $814 million, with earnings per share of $0.22, primarily benefiting from the rise 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 profit margin of 18%. The operating loss for the quarter was $9.45 million, mainly impacted by increased sales and management expenses and heightened R&D investments. Notably, the company currently holds over 1,035 Bitcoins and has increased its Bitcoin mining power to 750 PH/s, with plans to expand to 1.25 EH/s by the end of this summer. Additionally, the company has reached a $20 million credit facility agreement with Coinbase to support its Bitcoin reserve strategy.

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