KULR Technology Group Announces Hosting Partnership with Soluna Holdings for Sustainable Bitcoin Mining Operations

KULR Technology Group partners with Soluna Holdings to operate Bitcoin mining with a focus on sustainability and efficiency.

Quiver AI Summary

KULR Technology Group, Inc. has announced a new hosting partnership with Soluna Holdings, Inc. to operate approximately 3.3 MW of Bitcoin mining capacity at Soluna’s Project Sophie facility in Kentucky. This collaboration is notable as it is Soluna's first partnership with a Bitcoin treasury-focused company, allowing them to expand their client base beyond traditional Bitcoin miners. The partnership aims to provide sustainable and high-performance computing infrastructure for KULR, which plans to incorporate Bitcoin into its treasury strategy by committing up to 90% of its surplus cash to Bitcoin acquisition. Both companies express confidence that this relationship will enhance their standing in the growing Bitcoin mining sector, leveraging Soluna’s renewable energy solutions. The deployment is expected to commence operations in Q4 2025.

Potential Positives

KULR Technology Group has formed a new hosting partnership with Soluna Holdings, enhancing its capabilities in Bitcoin mining through a renewable energy framework.
The partnership diversifies KULR's operational strategies by leveraging Soluna's expertise in sustainable computing, aligning with KULR's commitment to innovation in digital asset management.
This collaboration strengthens KULR's Bitcoin Treasury Accumulation Strategy, allowing the company to allocate up to 90% of its surplus cash reserves to Bitcoin while minimizing operational complexities associated with mining.
The 3.3 MW deployment at Project Sophie is expected to enhance KULR’s operational efficiency and reliability in Bitcoin mining, starting Q4 2025.

Potential Negatives

The partnership's performance relies on Soluna delivering guaranteed hashrate and uptime, which introduces dependency on another company's operational success and reliability.
KULR's commitment to allocating up to 90% of its surplus cash to Bitcoin raises concerns about liquidity and risk exposure in a volatile market, which could threaten financial stability.
The press release, while promoting the partnership, lacks specific details on potential financial implications or risks involved in the Bitcoin mining venture, leaving investors with uncertainty about profitability.

FAQ

What is the new partnership between KULR and Soluna?

KULR has announced a partnership with Soluna to host Bitcoin mining capacity at Soluna's green data centers in Kentucky.

How much Bitcoin mining capacity will Soluna operate for KULR?

Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility.

What are the benefits of the KULR and Soluna partnership?

The partnership enables KULR to utilize sustainable computing infrastructure while diversifying its digital asset strategies.

When will operations at Project Sophie begin?

Operations at Project Sophie are expected to commence in Q4 2025.

What is KULR's Bitcoin Treasury Accumulation Strategy?

KULR has committed to allocating up to 90% of its surplus cash reserves to Bitcoin as part of its treasury strategy.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$KULR Insider Trading Activity

$KULR insiders have traded $KULR stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $KULR stock by insiders over the last 6 months:

JOANNA D. MASSEY sold 10,000 shares for an estimated $54,700

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$KULR Hedge Fund Activity

We have seen 12 institutional investors add shares of $KULR stock to their portfolio, and 86 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VANGUARD GROUP INC removed 8,500,103 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $60,605,734
BLACKROCK, INC. removed 3,452,331 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $24,615,120
GEODE CAPITAL MANAGEMENT, LLC removed 2,022,646 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $14,421,465
MILLENNIUM MANAGEMENT LLC removed 1,773,260 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $12,643,343
UBS GROUP AG removed 1,632,769 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $11,641,642
GOLDMAN SACHS GROUP INC removed 977,318 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $6,968,277
MARSHALL WACE, LLP removed 829,387 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $5,913,529

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

HOUSTON , Oct. 09, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin+ treasury company that builds a portfolio of frontier technology businesses ranging from high-performance energy systems to AI Robotics, today announced a new hosting partnership with Soluna Holdings, Inc. (“Soluna”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications. Under this agreement, Soluna will operate approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky. The partnership marks the first time Soluna has partnered with a Bitcoin treasury-focused company, expanding its customer base beyond traditional Bitcoin miners and hyperscalers.

“This partnership represents a new chapter in how we serve the market,” said John Belizaire, CEO of Soluna.“ Treasury companies like KULR are increasingly seeking sustainable, high-performance computing infrastructure to diversify their digital asset strategies. We’re proud to pioneer a flexible hosting model that meets this evolving demand.”

The agreement reflects Soluna’s strategy to adapt its renewable-powered hosting model to meet the developing demand profiles of Bitcoin mining and adjacent industries.

“This collaboration supports KULR’s commitment to strategic innovation in digital asset management,” said Michael Mo, CEO of KULR Technology Group. “Partnering with Soluna allows us to engage in Bitcoin mining through a renewable, reliable, and operationally efficient framework.” Mo continued, “This is only the beginning. As KULR expands beyond Bitcoin mining and migrates into Battery Backup Unit (‘BBU’) solutions, Soluna stands out as the ideal partner for future projects focused on sustainable, low-cost AI data center hosting powered by stranded renewable energy."

As per the BBU Market analysis conducted by Custom Market Insights in July 2025 , the global BBU Market is expected to grow from 29.22 Billion USD in 2025 to 43.64 Billion USD by 2034.

The 3.3 MW deployment at Project Sophie is expected to commence operations in Q4 2025, further strengthening Soluna’s leadership in sustainable computing infrastructure.

Under the partnership, KULR will leverage Soluna’s operational and market expertise to purchase, service, and manage all activities associated with its fleet of mining hardware over the life of the contract. Through this new “Bitcoin Mining Lease” structure, Soluna will deliver guaranteed hashrate and uptime targets to KULR on a daily and monthly basis.

As more established companies like KULR explore Bitcoin as part of their treasury strategy, Soluna’s model offers a mutually beneficial pathway to guaranteed hashrate without the operational complexity of mining. This partnership supports KULR’s Bitcoin Treasury Accumulation Strategy, announced earlier this year, in which KULR committed up to 90% of its surplus cash reserves to Bitcoin. Through its new hosting framework, Soluna empowers Bitcoin+ companies such as KULR to tap into the benefits of Bitcoin mining while avoiding the common challenges of market volatility and legacy infrastructure constraints.

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin+ treasury company that builds a portfolio of frontier technology businesses ranging from high-performance energy systems to AI Robotics. KULR delivers cutting-edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s offering allows delivery of commercial-off-the-shelf and custom next-generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its excess cash to the acquisition of bitcoin.

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: [email protected]

About Soluna Holdings, Inc. (Nasdaq: SLNH)
Soluna is on a mission to make renewable energy a global superpower, using computing as a catalyst. Soluna designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications, including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions and superior returns. To learn more, visit solunacomputing.com and follow us on:

LinkedIn: https://www.linkedin.com/company/solunaholdings/

X (formerly Twitter): x.com/solunaholdings

YouTube: youtube.com/c/solunacomputing

Newsletter: bit.ly/solunasubscribe

Resource Center: solunacomputing.com/resources

Soluna regularly posts important information on its website and encourages investors and potential investors to consult the Soluna investor relations and investor resources sections of its website regularly.

Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7eb315b-26bd-4b63-8472-095bffc4179d