KULR Technology Group Reports Second Quarter 2025 Financial Results

KULR Technology Group (NYSE American: KULR) reported strong Q2 2025 financial results, with revenue increasing 63% to $3.97 million compared to Q2 2024. The company achieved a notable turnaround with net income of $8.14 million ($0.22 per share), primarily driven by its Bitcoin holdings.Key financial metrics include product sales growth of 74% to $1.98 million, though gross margins decreased to 18% from 24%. The company holds over 1,035 BTC with a yield approaching 300%, and secured a $20 million credit facility with Coinbase. KULR completed a 1-for-8 reverse stock split and joined the Russell 3000® Index.Notable operational highlights include expanding Bitcoin mining operations to 750 PH/s, with aims to reach 1.25 EH/s, and strategic developments in energy storage solutions and exoskeleton technology through partnerships.