KULR Supercharges Bitcoin Mining in Paraguay – Deploys 3,570 Cutting-Edge Rigs

Paraguay's crypto scene just got a major power-up. KULR Technology Group is turbocharging its Bitcoin mining operations with a fleet of 3,570 new machines – turning the South American nation into an unlikely mining hotspot.

Why Paraguay? Cheap hydroelectric power meets crypto's insatiable appetite for electricity. While Wall Street fund managers still debate Bitcoin's 'intrinsic value,' miners are busy printing money with 400%+ ROI on efficient operations.

The expansion signals growing confidence in Paraguay's crypto infrastructure. With these industrial-scale rigs now humming away, KULR could single-handedly add 1-2% to the global hash rate. Not bad for a company that moonlights in thermal management solutions.

As traditional finance scrambles to understand proof-of-work economics, the smart money's already moved – to air-conditioned warehouses where math literally turns into money.

TLDR

• KULR deployed 3,570 Bitmain S19 XP 140 TH/s machines at its Paraguay site.
• The company increased its total operational Bitcoin mining capacity to 750 PH/s.
• Paraguay’s clean and abundant hydropower supports KULR’s energy-efficient mining strategy.
• KULR plans to expand its global Bitcoin mining capacity to 1.25 EH/s by late summer.
• The company finalized a $20 million credit facility with Coinbase Credit Inc.

KULR Technology Group expanded its global Bitcoin mining operations by deploying 3,570 Bitmain S19 XP 140 TH/s machines in Paraguay. The deployment boosted the company’s total operational capacity to 750 PH/s across international mining locations. Paraguay’s abundant hydropower made it a strategic location for KULR’s energy-intensive Bitcoin mining operations.

The company’s move aligns with its broader expansion strategy, emphasizing efficiency, energy availability, and geographic diversification. This deployment marks a significant milestone in KULR’s aim to optimize BTC mining performance and reduce energy costs. Paraguay’s clean energy infrastructure supports the growing trend of environmentally focused bitcoin mining investments.

KULR plans to increase its global BTC mining capacity further, targeting 1.25 EH/s by late summer. This scaling effort demonstrates its commitment to increasing output while maintaining efficiency through hydropower-driven infrastructure. The company continues to prioritize locations offering stable energy and favorable regulatory conditions.

KULR Secures Loan to Boost Bitcoin Mining

KULR also secured a $20 million credit facility from Coinbase Credit Inc., a unit of Coinbase Global Inc. The facility, structured as a multi-draw term loan, allows KULR to access capital for strategic BTC mining expansion. The agreement enhances financial flexibility while supporting machine acquisitions and infrastructure growth.

With the added capital, KULR aims to accelerate mining capacity buildout in key energy-efficient regions like Paraguay. The company will allocate funds based on market conditions, energy pricing, and Bitcoin performance. This financial strategy supports its dual approach to treasury management and operational scalability.

The facility strengthens KULR’s balance sheet, enabling agile responses to changing hash prices and coin prices. The loan structure ensures the company can adjust BTC mining investments to capture better margins. KULR maintains focus on financial sustainability amid market volatility.

KULR highlighted its “buy-or-mine” model as a central component of its Bitcoin mining strategy. This approach allows the company to either mine or purchase Bitcoin, depending on market trends. As conditions shift, KULR adjusts to secure optimal value from Bitcoin mining and asset acquisition.