KULR Technology Group, Inc., a Bitcoin-first company focused on sustainable energy solutions, announced today the successful deployment of 3,570 Bitmain S19 XP 140T mining machines in Asuncion, Paraguay. This new infrastructure brings KULR’s total Bitcoin mining capacity to 750 petahash per second (PH/s), with a goal of reaching 1.25 exahash per second (EH/s) by late summer.

The expansion is a continuation of KULR’s dual-pronged “buy-or-mine” Bitcoin accumulation strategy, which aims to optimize treasury performance through both direct BTC purchases and self-mining.

“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant…

Read more on BitcoinMagazine