KULR, an energy management firm, is aiming to raise up to $300 million by issuing shares of common stock through an at-the-market (ATM) offering, which is being facilitated by Cantor Fitzgerald.

Key Highlights:

• KULR plans to use the raised funds for general corporate purposes, including acquiring more Bitcoin, which it currently holds 920 BTC.
• This strategy is in line with practices by other firms like Strategy and The Blockchain Group, which have utilized ATM programs to enhance their Bitcoin reserves.

The company also recently leased 5,500 Bitcoin miners, investing over $4 million, and has earned nearly 10 BTC from this operation. KULR’s shares saw a 3.4% increase today, reaching $1.22.

KULR is raising cash through an at-the-market share sale program.