KULR Reaches 750 PH/s in Bitcoin Mining Operations with Latest Deployment, Aims for 1.25 EH/s by Late Summer

HOUSTON / GLOBENEWSWIRE / July 09, 2025 / KULR Technology Group, Inc. (NYSE American: KULR) (the
"Company" or "KULR"), a Bitcoin First Company and global leader in sustainable energy management, today
announced the successful deployment of 3,570 Bitmain S19 XP 140T Bitcoin mining machines at facilities located in
Asuncion, Paraguay, thereby boosting the Company’s operational capacity to 750 petahash per second (PH/s)
across multiple mining locations. This deployment underscores KULR’s dual acquisition strategy of both mining
Bitcoin and purchasing it on the open market. By leveraging a “buy-or-mine” flexibility, KULR intends to build its
BTC holdings more efficiently rather than relying on a single method of BTC accumulation.
Michael Mo, KULR’s CEO, commented on the news, "Bitcoin has outpaced every major asset class in 11 of the last
14 years, often by a significant margin. The price cycles, however, will remain unpredictable, hash rate is volatile,
and even energy markets can shift rapidly. Relying on a single approach -- whether solely mining or solely buying --
risks missing value when market dynamics shift. In contrast, a dual-pronged model allows KULR to capture the
greater margin, whether from hash price, coin price, or both, all while strengthening our treasury resiliency.”
As part of its effort to grow and diversify its revenue through mining machine leasing operations, KULR recently
expanded its strategic relationship with a U.S. exchange-listed company through two key initiatives: a leasing
agreement of ASIC miners and a consulting and services agreement under which KULR receives comprehensive
support for bitcoin mining operations and treasury management -- including oversight of hosting and mining pool
providers, coordination of miner repairs, and strategic guidance on integrating bitcoin into corporate treasury
functions.
KULR continues to scale its mining operations and aims to reach 1.25 EH/s later this summer.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy
storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design
expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The
Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage
systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has
included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash
to the acquisition of bitcoin.
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Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai
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Email: kulr@mgroupsc.com