KULR Technology successfully deploys 3,570 Bitmain S19 XP 140T machines

KULR Technology (KULR) Group announced the successful deployment of 3,570 Bitmain S19 XP 140T Bitcoin (BTC) mining machines at facilities located in Asuncion, Paraguay, thereby boosting the Company’s operational capacity to 750 petahash per second, or 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. KULR continues to scale its mining operations and aims to reach 1.25 EH/s later this summer.