KULR Technology Group Partners with Soluna for bitcoin Mining Operations
October 9,2025 – KULR Technology Group (KULR) announced a new hosting partnership with Soluna Holdings,a developer of eco-friendly data centers designed for high-performance computing. The agreement will see Soluna operate 3.3 megawatts (MW) of Bitcoin mining capacity for KULR at its Project SOFI facility located in Kentucky.
This collaboration represents Soluna’s first venture into partnering with a Bitcoin finance-focused company, broadening its client base beyond traditional Bitcoin miners and hyperscalers. Soluna CEO John Belijer stated the partnership signifies a shift in how the company serves the market, noting increasing demand from finance companies for enduring and high-performance computing infrastructure.He highlighted Soluna’s flexible hosting models as a key differentiator.
The partnership aligns with KULR’s strategy of strategic innovation within digital asset management. According to KULR CEO michael Mo, the collaboration allows the company to engage in Bitcoin mining through a renewable, reliable, and efficient operational framework.
KULR has been actively pursuing a Bitcoin treasury accumulation strategy, committing earlier in 2025 to allocate up to 90% of its surplus cash to Bitcoin purchases. This hosting agreement with Soluna provides a means to participate in Bitcoin mining while mitigating market volatility and infrastructure limitations.
Soluna’s new hosting framework will provide KULR with guaranteed daily and monthly hashrate and uptime targets through a ‘Bitcoin Mining Lease’ structure. KULR will be responsible for purchasing, servicing, and managing all mining hardware throughout the agreement’s duration, leveraging Soluna’s operational and market expertise.
KULR describes itself as a “Bitcoin+” company, actively exploring Bitcoin’s role in its treasury strategy.The partnership with Soluna offers a mutually beneficial solution, delivering guaranteed hashrate without the complexities of direct operational management.
KULR Technology Group is a diversified company building a portfolio of technology businesses, including high-performance energy systems and AI robotics. The company has committed to prioritizing Bitcoin as its primary asset, beginning at the end of 2024, and allocating a meaningful portion of its surplus cash towards Bitcoin acquisition.
Operations at Project SOFI are scheduled to commence in the fourth quarter of 2025.
(Original source: https://www.sec.gov/archives/edgar/data/1662684/000110465925098100/0001104659-25-098100-index.htm)