{"id":25278,"date":"2025-07-11T19:40:00","date_gmt":"2025-07-11T16:40:00","guid":{"rendered":"https:\/\/forklog.com\/en\/kulr-deploys-over-3500-miners-in-paraguay\/"},"modified":"2025-07-11T19:40:00","modified_gmt":"2025-07-11T16:40:00","slug":"kulr-deploys-over-3500-miners-in-paraguay","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kulr-deploys-over-3500-miners-in-paraguay\/","title":{"rendered":"KULR Deploys Over 3,500 Miners in Paraguay"},"content":{"rendered":"

KULR Technology Group has deployed 3,570 S19 XP miners from Bitmain at facilities in Asunci\u00f3n, Paraguay, according to a press release<\/a>.<\/p>\n

The firm has increased its equipment capacity to 750 PH\/s and aims to reach 1.25 EH\/s by the end of summer. Companies like CleanSpark, Marathon Digital Holdings, and Bitfarms have hash rates ranging from 10 to 50 EH\/s. Hive Digital Technologies, which also chose<\/a> Paraguay, plans to achieve a capacity of 12.1 EH\/s.<\/p>\n

According to the press release, KULR Technology mines Bitcoin directly and also purchases<\/a> it on exchanges. This ‘Buy or Mine’ approach allows the company to increase its BTC reserves more efficiently without relying on a single accumulation method.<\/p>\n

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\u201cBitcoin has outperformed all major asset classes in 11 of the last 14 years,\u201d noted KULR CEO Michael Mo.<\/p>\n<\/blockquote>\n

KULR Joins the Club of Holders with Over 1,000 BTC<\/h2>\n

On July 10, Mo announced that KULR acquired 90 BTC for $10 million at an average price of $108,884 per coin.<\/p>\n

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KULR has acquired 90 BTC for ~ 10 million at ~ $108,884 per #bitcoin<\/a> and has achieved BTC Yield of 291% YTD. As of 7\/9\/25, we hodl 1021 $BTC<\/a> acquired for ~ $101 million at ~ $98,627 per bitcoin. $KULR<\/a> pic.twitter.com\/aXyB0AABsr<\/a><\/p>\n

\u2014 Michael Mo (@michaelmokulr) July 10, 2025<\/a><\/p><\/blockquote>\n