KULR Stock Is Trading Higher Friday: What's Going on?
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KULR Technology Group, Inc. (AMEX:KULR) shares rose 5.7% to $5.58 after the company reported better-than-expected Q2 financial results, including earnings per share of 22 cents and sales of $3.97 million. The company also reported a net income of $8.14 million, largely due to gains from its bitcoin holdings, which now total 1,021 BTC. KULR secured a $20 million credit facility with Coinbase and aims to expand its mining capacity. CEO Michael Mo emphasized the company's strong financial position for future growth and innovation.
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