KULR Technology Group (KULR) Company Report

KULR Technology Group, Inc. (KULR) was awarded a five-year preferred battery supply agreement from Caban Energy.
This agreement is expected to generate an estimated $30 million in total revenue for KULR, commencing in 2026.
As part of the agreement, KULR acquired Caban's Plano, Texas-based manufacturing assets, which is expected to strengthen its domestic production footprint and accelerate its expansion into communications, fiber, and data-center energy-storage markets.

Jan 14, 2026, 1:30 PM

8-K

KULR Technology Group Awarded Battery Supply Agreement and Expands Manufacturing Footprint

KULR

New Projects/Investments

Revenue Acceleration/Inflection

KULR Technology Group secured a five-year preferred battery supply agreement with Caban Energy, estimated to generate $30 million in total revenue for KULR starting in 2026.
As part of the agreement, KULR acquired Caban's Plano, Texas-based manufacturing assets, strengthening its U.S. production footprint and expanding into communications, fiber, and data-center energy-storage markets.

Jan 14, 2026, 1:30 PM

Press Release

KULR Technology Group Pauses At-the-Market Equity Offering Program

KULR

KULR Technology Group, Inc. announced a six-month pause on its at-the-market (ATM) equity offering program, effective December 19, 2025.
The pause is scheduled to last through June 30, 2026, during which the company does not anticipate selling shares under the program.
The company cited a strong balance sheet, no debt, and sufficient liquidity to support operations and growth initiatives as reasons for the pause.
During this period, KULR intends to prioritize ramping production of its KULR ONE Air products and advancing KULR ONE MAX battery backup solutions.
The ATM Agreement is not being terminated, and sales may resume after the pause, subject to market conditions and capital needs.

Dec 22, 2025, 1:30 PM

8-K

KULR Technology Group Pauses Equity Offering Program

KULR

New Projects/Investments

KULR Technology Group has elected to pause its at-the-market (ATM) equity offering program with Cantor Fitzgerald and Craig-Hallum.
This pause is effective through June 30, 2026.
The company maintains a strong balance sheet, carries no debt, and has sufficient liquidity to support planned operations and growth initiatives.
During this period, KULR intends to prioritize execution across its core platforms, including ramping production of KULR ONE Air products and advancing KULR ONE MAX battery backup solutions.

Dec 22, 2025, 1:30 PM

Press Release

KULR Technology Group Enters Joint Development for AI Server Rack Battery Backup Unit

KULR

New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

KULR Technology Group, Inc. (KULR) has entered into a Joint Development Collaboration with a leading global battery-cell manufacturer to co-develop a next-generation KULR ONE® MAX Battery Backup Unit (BBU) product line.
This BBU product line is specifically designed for AI-scale data centers and high-power compute environments, with KULR leading the design, development, safety engineering, and UL certification.
The commercial program resulting from this collaboration has a projected value of up to $100 million.
The jointly developed BBU system will be optimized around an ultra-high-power 21700 cell architecture and is engineered to meet the Meta Open Compute Project (OCP) ORV3 standard and NVIDIA GPU roadmap for 800 HVDC requirements.

Dec 17, 2025, 1:05 PM

8-K

KULR Technology Group Enters Joint Development Collaboration

KULR

New Projects/Investments

Product Launch

KULR Technology Group has entered a Joint Development Collaboration with a leading global battery-cell manufacturer to co-develop a next-generation KULR ONE® MAX Battery Backup Unit (BBU) product line.
This BBU product line is designed for AI-scale data centers and high-power compute environments, with KULR leading the design, development, safety engineering, and UL certification.
The collaboration establishes the foundation for a commercial program with up to $100 million in projected value.
The system will be optimized around an ultra-high-power 21700 cell architecture and engineered to meet Meta Open Compute Project (OCP) ORV3 standard and NVIDIA GPU roadmap for 800 HVDC requirements.

Dec 17, 2025, 1:05 PM

Press Release

KULR Technology Group Joins Open Compute Project as Platinum Member

KULR

New Projects/Investments

Product Launch

KULR Technology Group, Inc. announced on December 11, 2025, that it has joined the Open Compute Project (OCP) as a Platinum Member.
This membership signifies KULR's entry into the AI data center market through rack-level Battery Backup Units (BBUs).
The company is transitioning from battery safety products to mission-critical AI energy infrastructure, aiming to create a high-margin, recurring, safety-driven platform aligned with NVIDIA's next-generation architectures.
KULR's KULR ONE® MAX BBU platform is purpose-built for the OCP's ORV3 roadmap, which standardizes localized energy storage within AI racks.

Dec 11, 2025, 1:30 PM

8-K

KULR Technology Group Reports Record Q3 2025 Revenue and Strong Financial Position

KULR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

KULR Technology Group achieved its strongest quarter to date in Q3 2025, reporting revenue of approximately $6.9 million, representing a 116% year-over-year increase and 75% sequential growth. This quarter also set a new trailing 12-month revenue record of $16.7 million.
The company maintains a robust financial foundation with approximately $140 million in cash and digital assets and no debt following the full repayment of an $8 million Coinbase loan. As of the end of Q3 2025, KULR's cash balance was over $20 million, and its Bitcoin holdings were valued at approximately $120 million.
KULR is expanding its product offerings, including the launch of KULR One Air for UAVs and drones, and the extension of the KULR One platform into AI data centers and telecom infrastructure. The company expects its energy storage and management business to grow tenfold over the next three years.
To support anticipated demand, KULR plans to expand its Texas headquarters to over 100,000 sq ft and scale battery production from a few thousand packs per month to more than 50,000 packs per month by mid-2026.

Nov 18, 2025, 9:30 PM

Transcript

KULR Technology Group Reports Record Q3 2025 Revenue and Strategic Product Expansion

KULR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

KULR Technology Group delivered its strongest quarter to date in Q3 2025, generating approximately $6.9 million in revenue, marking a 116% year-over-year increase and a 75% sequential increase from the previous quarter. The company also set a new trailing 12-month revenue record at $16.7 million.
The company's financial foundation is strong, with approximately $140 million in cash and digital assets (including $120 million in Bitcoin) and no debt following the full repayment of an $8 million loan.
KULR is actively transitioning to a product-driven company, with product revenue more than doubling in Q3 2025. This includes the launch of KULR One Air, which now features over 150 made-in-USA battery SKUs for UAVs and drones, and the expansion of the KULR One platform into AI data centers and telecom infrastructure with new battery backup units and energy storage systems.
To meet anticipated demand, KULR plans to expand its Texas headquarters to over 100,000 sq ft in 2026 and scale production from a few thousand packs per month to more than 50,000 packs per month, with the capability to scale to 100,000 packs per month if demand accelerates.
The company maintains a disciplined Bitcoin treasury strategy, acquiring Bitcoin through mining operations at an all-in cost of approximately $102,000 per coin, which also provides strategic insights into the infrastructure energy solutions market.

Nov 18, 2025, 9:30 PM

Transcript

KULR Technology Group Reports Record Q3 2025 Revenue and Strategic Expansion

KULR

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

KULR Technology Group reported its strongest quarter to date in Q3 2025, generating approximately $6.9 million in revenue, representing 116% year-over-year growth and 75% sequential growth. This marks the fifth consecutive quarter of year-over-year revenue growth and a new trailing 12-month revenue record of $16.7 million.
The company strengthened its financial foundation, holding approximately $140 million in cash and digital assets and no debt after fully repaying an $8 million Coinbase loan. At the end of Q3 2025, the cash balance was over $20 million, and Bitcoin holdings were worth approximately $120 million.
KULR is transitioning to a product-driven company, with product revenue more than doubling in Q3 2025. Key initiatives include the launch of KULR One Air, which has created over 150 battery SKUs since July, and expansion of the KULR One platform into AI data centers and telecom infrastructure with new battery backup units (BBUs) and battery energy storage systems (BESS).
To meet rising demand, KULR plans to expand its Texas headquarters to over 100,000 sq ft in 2026 and scale production from a few thousand packs per month to more than 50,000 packs per month by mid-2026, with potential to scale to 100,000 packs per month if demand accelerates.
The company's Bitcoin treasury strategy involves incremental and economically sound BTC acquisitions through mining operations, with an all-in cost of approximately $102,000 per coin through Q3 2025. This strategy is aligned with shareholder value and synergistic with its move into AI data center energy markets.