Bitcoin’s Ballet: KULR Waltzes to $8M Net Income While Glaring at Losses 🕺💰

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In the June dusk of 2025, KULR Technology Group found itself clutching $8.14 million in net income-a sum conjured not by the sweat of engineers, but the ethereal pirouettes of bitcoin’s price.”

Bitcoin: KULR’s Unexpected Muse, Revenue Ascends Like a Persistent Bird

KULR, now waltzing on the stage of the Russell 3000 Index as of June, crafts energy storage fit for the wrath of the cosmos-and now, with poetic recklessness, invests in bitcoin (BTC) as if currency itself might someday weep at their audacity.

The revenue-oh, how it surged-a 63% leap year-over-year, reaching $3.97 million by the sunset of June 30. Product sales, not to be outdone, twirled upward 74% to $1.98 million, while cold, silent figures, cash and accounts receivable, brooded in the account books at $24.73 million. You could almost hear the accountants muttering existential poetry.

KULR, once marooned with a $5.89 million loss, now parades through town square with $8.14 million profit, or $0.22 per share, thanks to bitcoin-whose value leaped since March 31, 2025, with the raw delight of a poet on payday. Their 1,021 bitcoin performed a 291.2% yield, igniting envy among mathematicians and gamblers alike.

Operationally, KULR expanded its bitcoin mining power-a roaring waterfall at 750 petahash per second (PH/s), proclaiming ambitions for 1.25 exahash per second (EH/s) once summer lumbers in. A $20 million credit facility from Coinbase Credit augments their bitcoin stash, while a 1-for-8 reverse stock split (June 23) left investors blinking, counting shares like Tolstoy counted pages.

Sunspots on the ledger: operating losses, stretching and yawning, widened to $9.45 million from last year’s $5.33 million-almost as if the numbers enjoyed the sensation. Gross margin slipped from 24% to 18%, ambushed by labor costs (laborers, alas, do expect wages even in a Dostoevskian world). SG&A expenses ballooned to $6.94 million; research and development, ever the quest for fire in the frozen steppe, rose to $2.44 million-each dollar a small sigh in the Siberian wind. 💸🧊

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2025-08-15 23:57