KULR Technology Group announced the successful deployment of 3,570 Bitmain S19 XP 140T Bitcoin mining machines at facilities in Asuncion, Paraguay. This deployment boosts the company’s operational capacity to 750 petahash per second (PH/s) across multiple mining locations.
This expansion underscores KULR’s dual acquisition strategy, which involves both mining Bitcoin and purchasing it on the open market. The company intends to build its BTC holdings more efficiently by leveraging this 'buy-or-mine' flexibility.
KULR continues to scale its mining operations and aims to reach 1.25 EH/s later this summer. The company also expanded its strategic relationship with a U.S. exchange-listed company through a leasing agreement of ASIC miners and a consulting and services agreement for bitcoin mining operations and treasury management.
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