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Bitcoin Magazine
KULR Expands Bitcoin Mining Operations to 750 PH/s, Targets 1.25 EH/s by Late Summer
KULR Technology Group, Inc., a Bitcoin-first firm targeted on sustainable power options, introduced right this moment the profitable deployment of 3,570 Bitmain S19 XP 140T mining machines in Asuncion, Paraguay. This new infrastructure brings KULR’s whole Bitcoin mining capability to 750 petahash per second (PH/s), with a aim of reaching 1.25 exahash per second (EH/s) by late summer time.
The enlargement is a continuation of KULR’s dual-pronged “buy-or-mine” Bitcoin accumulation technique, which goals to optimize treasury efficiency through both direct BTC purchases and self-mining.
$KULR Technology just lately introduced our deployment of 3570 Bitmain Miners, positioned in Paraguay.
For more data examine out our current press launch.https://t.co/nLT41EbHuc#KULR #bitcoin #bitcoinmining pic.twitter.com/CTLTC2HGtD— KULR Technology (@KULRTech) July 9, 2025
“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin,” stated Michael Mo, CEO of KULR. “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.”
KULR has also expanded its strategic partnership with a U.S.-listed firm to assist its mining ambitions. This contains a new ASIC miner leasing settlement and a consulting and providers deal that gives operational steerage on internet hosting suppliers, restore logistics, and integrating Bitcoin into its company treasury technique.
KULR’s selection of Paraguay for enlargement displays a broader development of miners transferring to areas with ample, low-cost hydroelectric energy. Paraguay’s Itaipú Dam — one of the world’s largest hydroelectric crops — gives a renewable and secure power supply, permitting KULR to cut back operational prices while aligning with its sustainability commitments.
The information follows a sequence of strikes by KULR to further its Bitcoin-centric monetary positioning. On July 8, KULR secured a $20 million Bitcoin-backed credit score facility from Coinbase Credit, offering non-dilutive capital to develop its BTC holdings. In June, the firm entered into a $300 million ATM fairness providing with Cantor Fitzgerald & Co. and Craig-Hallum Capital to gasoline its Bitcoin reserve technique.
“We view our Bitcoin holdings as long term holdings and expect to continue to accumulate bitcoin,” KULR acknowledged in its submitting. “We have not set any specific target for the amount of Bitcoin we seek to hold.”
With diversified funding entry and rising operational scale, KULR continues to develop and combine Bitcoin into its steadiness sheet.
This publish KULR Expands Bitcoin Mining Operations to 750 PH/s, Targets 1.25 EH/s by Late Summer first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
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