The listed company KULR seeks to raise $300 million through a common stock issuance to increase its Bitcoin holdings

2025-06-09 23:40:38

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ChainCatcher news, according to CoinDesk, publicly traded company KULR is seeking to raise up to $300 million by issuing common stock in the market. The company currently holds 800 bitcoins and plans to use the raised funds for general corporate purposes, including purchasing more bitcoins.

It is reported that KULR has also leased 5,500 S-19 bitcoin mining machines through two agreements, totaling over $4 million.

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