KULR Technology Expands Bitcoin Mining Operations in Paraguay

KULR Technology Group ( (KULR) ) has issued an update.

On July 9, 2025, KULR Technology Group announced the deployment of 3,570 Bitmain S19 XP 140T Bitcoin mining machines in Asuncion, Paraguay, increasing its operational capacity to 750 petahash per second. This move highlights KULR’s dual strategy of mining and purchasing Bitcoin to enhance its holdings efficiently. The company aims to reach 1.25 exahash per second later this summer, reflecting its commitment to scaling operations and diversifying revenue through mining machine leasing and strategic partnerships.

The most recent analyst rating on (KULR) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on KULR Technology Group stock, see the KULR Stock Forecast page.

Spark’s Take on KULR Stock

According to Spark, TipRanks’ AI Analyst, KULR is a Neutral.

KULR Technology Group’s overall score is primarily impacted by its financial performance and technical analysis, which reflect significant challenges. Despite positive corporate events and strategic initiatives, profitability and valuation concerns weigh heavily on the score.

To see Spark’s full report on KULR stock, click here.

More about KULR Technology Group

KULR Technology Group, Inc. is a Bitcoin First Company that specializes in energy storage solutions for space, aerospace, and defense sectors. The company leverages its expertise in battery design, testing, fabrication, and production to deliver next-generation energy storage systems. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program.

Average Trading Volume: 2,282,611

Technical Sentiment Signal: Sell

Current Market Cap: $248.6M

For an in-depth examination of KULR stock, go to TipRanks’ Overview page.