KULR, which joined the Russell 3000 Index in June, builds energy storage solutions for extreme environments and uses bitcoin (BTC) as a key treasury asset.

Revenue jumped 63% year-over-year to $3.97 million for the quarter ending June 30, the company told Bitcoin.com News this week. Product sales climbed 74% to $1.98 million, while combined cash and accounts receivable stood at $24.73 million as of June 30.

Earnings of $8.14 million, or $0.22 per share, marked a sharp turnaround from last year’s $5.89 million loss. The boost came largely from a mark-to-market lift in the value of its bitcoin holdings since March 31, 2025. KULR held 1,021 bitcoin, boasting a year-to-date bitcoin yield of 291.2%.

On the operational front, KULR expanded active bitcoin mining power to 750 petahash per second (PH/s) and is targeting 1.25 exahash per second (EH/s) by late summer. The firm secured a $20 million credit facility from Coinbase Credit for additional bitcoin purchases and completed a 1-for-8 reverse stock split effective June 23.

Despite the top-line growth, operating losses widened to $9.45 million from $5.33 million a year earlier. Gross margin slipped to 18% from 24% due to unexpected labor costs. Selling, general, and administrative expenses reached $6.94 million, while research and development spending rose to $2.44 million.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。