KULR Seeks $300M Raise to Expand Bitcoin Holdings and Mining Operations

The publicly traded company KULR is aiming to raise up to $300 million through a common stock issuance in the market. Currently, the company holds 800 bitcoins and plans to use the funds raised for general corporate purposes, including acquiring additional bitcoins. It is also reported that KULR has leased over 5,500 S-19 Bitcoin mining machines through two agreements, totaling more than $4 million.