KULR Technology Group KULR Q2 2026 earnings

“During the second quarter of 2026, we continued sharpening our focus on KULR's core energy platform and simplifying the business around our highest-priority growth opportunities. The Bitcoin treasury strategy provided meaningful financial flexibility, but its volatility also had a significant impact on our reported results, including approximately $10.6 million of non-cash change in fair value losses, making the underlying performance of our battery business more difficult for shareholders to assess. Since quarter-end, we have exited Bitcoin mining, repaid the Coinbase loan in full, and begun reducing our Bitcoin holdings in a deliberate and disciplined manner. These actions are designed to reduce balance-sheet volatility, improve financial visibility, and allow us to concentrate our capital and execution on scaling the core business while maintaining a disciplined approach to shareholder dilution. Importantly, we did not issue any shares through the ATM during the first half of 2026.”