About KULR Technology Group, Inc. Common Stock (KULR)
Kulr Technology Group Inc is a company specializing in thermal management and battery safety solutions for various applications, particularly in the aerospace, automotive, and consumer electronics sectors. Through its innovative technologies, including advanced materials and engineering solutions, Kulr aims to enhance the safety and performance of batteries, especially lithium-ion batteries, by reducing the risks of thermal runaway and improving overall energy efficiency. The company focuses on providing comprehensive solutions that address the challenges of transporting and storing energy, making it a key player in the growing demand for safe and reliable energy systems. Read More
KULR shares are trading higher on Friday after the company reported better-than-expected second quarter financial results on Thursday after the market closed.
Let's have a look at what is happening on the US markets before the opening bell on Friday. Below you can find the top gainers and losers in today's pre-market session.
KULR Technology Group Inc (AMEX:KULR) reported better-than-expected financial results for the second quarter after the close on Thursday, and shares are moving higher.
Houston, TX – 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 […]
Houston, TX – July 8, 2025 – KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a Bitcoin First Company and global leader in sustainable energy management, announced today that it has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). The agreement […]
PALM BEACH, Fla., July 08, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Several institutional clients have recently utilized Coinbase’s credit facilities to strategically acquire Bitcoin, underscoring growing corporate confidence in digital assets as part of long-term treasury management and diversification strategies. According to recent reports in macrotrends and other industry sources, Coinbase Global revenue for the quarter ending March 31, 2025 was $2.034B, a 24.23% increase year-over-year and Coinbase's total revenue for the twelve months ending March 31, 2025, was $6.961 billion, showing a 75.18% increase year-over-year. Coinbase uses credit facilities to extend loans to other companies, including Bitcoin mining firms, utilizing Bitcoin as collateral. For example, Hut 8 recently secured a $130 million Bitcoin-backed credit facility from Coinbase, which they intend to use to fund growth opportunities. Similarly, Riot Platforms entered into a $100 million credit facility with Coinbase. This strategy allows companies like Hut 8 and Riot Platforms to access capital without selling their Bitcoin holdings. Overall, Coinbase's strategic use of credit facilities to finance external acquisitions of Bitcoin-related businesses, coupled with their own strategic Bitcoin acquisitions and strong market performance in Q1 2025, positions them to capitalize on the growing crypto market. However, it is important to note that the market for Bitcoin and cryptocurrencies, in general, is subject to volatility and regulatory uncertainties. Coinbase's strategic decisions reflect a balance between pursuing growth opportunities and maintaining financial stability in this dynamic environment. Active companies in news today include: KULR Technology Group, Inc. (NYSE American: KULR), Coinbase Global, Inc. (NASDAQ: COIN), Hut 8 Corp. (NASDAQ: HUT), Riot Platforms, Inc. (NASDAQ: RIOT), Robinhood Markets, Inc. (NASDAQ: HOOD).
