KULR Boosts Bitcoin Mining to 750 PH/S as 1.25 EH/S Target Approaches

KULR Technology Group, Inc. has deployed 3,570 Bitmain S19 XP 140T miners in Asuncion, Paraguay, increasing its Bitcoin mining capacity to 750 petahash per second (PH/s). 

The company plans to reach 1.25 exahash per second (EH/s) later this summer.

This upgrade supports KULR’s “buy-or-mine” Bitcoin accumulation strategy, which blends direct purchases with mining to enhance treasury resilience.

“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin,” said 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.”

To support its expansion, KULR has strengthened its partnership with a U.S.-listed firm, securing an ASIC leasing deal and operational consulting on mining logistics and treasury integration.

The Paraguay site benefits from the Itaipú Dam’s low-cost, renewable hydroelectric power, reducing costs while aligning with KULR’s sustainability goals.

This development follows KULR’s recent $20 million Bitcoin-backed loan from Coinbase Credit and a $300 million ATM equity offering with Cantor Fitzgerald & Co. and Craig-Hallum Capital.

“We view our Bitcoin holdings as long term holdings and expect to continue to accumulate Bitcoin,” KULR stated in its filing. 

“We have not set any specific target for the amount of Bitcoin we seek to hold.”

With access to capital and growing mining infrastructure, KULR continues integrating Bitcoin into its core business strategy.

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