Another public company abandons Bitcoin playbook after treasury volatility drove $22 million loss
KULR Technology Group exited its Bitcoin mining and began selling its $BTC holdings after treasury volatility contributed to a $21.97 million net loss in Q2. The company recorded a $10.59 million non-cash Bitcoin fair-value loss, revenue fell 43% to $2.08 million. KULR repaid a Coinbase credit facility, reducing its BTC position to about 760.




