KULR Technology, a publicly listed company, reported a net income of $8.14 million in the second quarter, thanks to its growing Bitcoin holdings.

KULR Technology Group, Inc. (NYSE: KULR), a company focused on Bitcoin and finance, announced its second-quarter results. Revenue for the quarter reached $3.97 million, a 63% year-over-year increase, marking its highest quarterly revenue to date. Net income was $8.14 million, primarily driven by an increase in Bitcoin holdings to 1,021 BTC, resulting in a reported Bitcoin yield of 291.2%.