KULR Technology boosts operational capacity to 750 PH/s

KULR Technology (NYSE:KULR) announced on Wednesday the deployment of 3,570 Bitmain S19 XP 140T bitcoin mining machines, which boosts the company's operational capacity to 750 petahash per second.

The machines were deployed at facilities located in Asuncion, Paraguay.

Shares were +3.22% pre-market to $7.06.

The company said it continues to aim to reach 1.25 EH/s of hash rate later this summer.

Additionally, KULR said it recently expanded its strategic relationship with a U.S. exchange-listed company through two key initiatives: a leasing agreement of ASIC miners and a consulting and services agreement under which KULR receives comprehensive support for bitcoin mining operations and treasury management.

The move is a part of the company's effort to grow and diversify its revenue through mining machine leasing operations.