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The publicly traded company KULR Technology benefited from the rise in Bitcoin holdings in the second quarter, with a net income of 8.14 million dollars.
PANews August 15 news, according to Globenewswire, KULR Technology Group, Inc. (NYSE code: KULR), a company focused on Bitcoin + financial business, announced its second quarter performance, with revenue of 3.97 million dollars in the second quarter, a year-on-year rise of 63%, setting a record for the highest quarterly revenue to date. The net income was 8.14 million dollars, mainly due to the rise in Bitcoin holdings. Bitcoin holdings increased to 1,021 coins, reporting a Bitcoin yield of 291.2%.