- KULR Technology Group reported a 43 % decline in revenue to $2.08 million for the quarter ended June 30, 2026.
- The company experienced a widened gross loss of $638,933 alongside drops across product sales, contract services, and digital asset mining revenue.
- Following the quarter, the firm repaid a $20 million Coinbase loan, released 565 BTC, and sold 333 BTC for approximately $21.5 million in proceeds.
- Major companies including Applied Materials, Brookfield Corporation, and JD are scheduled to report earnings today, August 13, 2026.
- TipRanks has provided the expected implied earnings moves for these stocks derived from options prices prior to the market announcements.
- The anticipated volatility ranges from 3.92% for BN before the open to 19.53% for KULR after the close.
- KULR Technology Group, Inc. sold approximately 333 bitcoin for about $21.5 million as part of its treasury management strategy during heightened market volatility.
- The net proceeds were used to repay a $20 million credit facility with Coinbase, positioning the company with a largely debt-free balance sheet, while still holding around 760 bitcoin.
- The transaction highlights KULR's approach to capital allocation and risk management, although Spark’s analysis indicates mixed financial performance with ongoing losses despite revenue growth.
- KULR Technology Group sold approximately 333 bitcoin between July 9-23, 2026, at an average price of USD 64,538 per BTC, generating about USD 21.5 million in gross proceeds.
- The net proceeds were used to repay borrowings under its USD 20 million Coinbase Credit facility, leaving no principal outstanding, and about 565 BTC that were pledged as collateral are expected to be released.
- As of July 23, 2026, KULR held about 760 BTC, with remaining net proceeds allocated for general corporate purposes.