Crypto
KULR Tech Revenue Plunges 43%, Net Loss Soars Amid Bitcoin Woes
KULR Technology Group reported its Q2 financial results, revealing a significant decline in revenue to $2.1 million, down 43% from $3.7 million in the same period last year.
The net loss for the quarter was $22 million, or $0.47 per share, compared to net income of $8.1 million, or $0.22 per share, in Q2 2025.
The company's core energy platform revenue remained relatively stable at $4.76 million for H1, but the digital asset strategy led to a $10.6 million change in fair value loss associated with its Bitcoin holdings.