QINGDAO, China, Feb. 23, 2021 /PRNewswire/ -- SOS Limited
(NYSE: SOS) (the "Company" or "SOS") announced today that the 5000
PCS of crypto mining rigs, which were the first batch of delivery
received on February 9, 2021, have
gone live today.
This batch of 5000 PCS of mining rigs can generate about BTC
Hash Power 175P. If the machine operates as expected, the
annual ROI (return on investment) is projected to be significant
based on the current crypto price momentum.
Mr. Yandai Wang, Chairman of SOS, commented, " As institutional
investors are also jumping on the bandwagon of cryptocurrencies
like BTC, we expect the price momentum of crypto currencies like
BTC and ETH will increase further and we will do our best to
capture this opportunity by creating more cloud crypto mining pools
in the near term."
About SOS Limited
SOS is an emerging blockchain-based and big data-driven
marketing and solution provider, with a nationwide membership base
of approximately 20 million in China. In
July 2020, the headquarters of the
company was moved from Gui 'An New Area to Qingdao West Coast New
Area. Recently, SOS has outlined its strategy in blockchain
and cryptocurrencies, which include a series of initiatives to
expand its business into cryptocurrency mining as well as
cryptocurrency security and insurance. The core infrastructure of
SOS' marketing data, technology and solutions to insurance and
emergency rescue services is built on big data, blockchain-based
technology, cloud computing, AI, satellite, and 5G network, etc.
SOS has created a cloud "software as a service (SaaS)" platform for
emergency rescue services, with three major product categories:
basic cloud, cooperative cloud, and information. This system
provides innovative marketing solutions to clients such as
insurance companies, financial institutions, medical institutions,
healthcare providers, auto manufacturers, security providers,
senior living assistance providers, and other service providers in
the emergency rescue services industry.
SOS has obtained a national high-tech enterprise certification
and the title of "Big Data Star Enterprise," awarded by Gui'an New
District Government. Staying on the forefront of digital technology
innovation, the Company has registered 99 software copyrights and 2
patents. For more information, please visit: http://www.sosyun.com/
.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements"
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate," "believe," "expect," "estimate," "plan," "outlook,"
and "project" and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Such forward-looking statements include timing
of the proposed transaction; the business plans, objectives,
expectations and intentions of the parties;, SOS's estimated and
future results of operations, business strategies, competitive
position, industry environment and potential growth opportunities
market acceptance of our products; the ultimate impact of the
current Coronavirus pandemic, or any other health epidemic, on our
business, our research programs, healthcare systems or the global
economy as a whole; our intellectual property; our reliance on
third party organizations; our anticipated financial and operating
results, including anticipated sources of revenues; our assumptions
regarding the size of the available market, benefits of our product
offering, product pricing, timing of product launches; management's
expectation with respect to future acquisitions; statements
regarding our goals, intentions, plans and expectations, including
the introduction of new products and markets; and our cash needs
and financing plans and etc. These forward-looking statements
reflect the current analysis of existing information and are
subject to various risks and uncertainties. As a result, caution
must be exercised in relying on forward-looking statements. SOS may
not realize its expectations, and its beliefs may not prove
correct. Due to known and unknown risks, our actual results may
differ materially from our expectations or projections. All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Additional information concerning these and other factors that
may impact our expectations and projections can be found in our
periodic filings with the SEC, including our Annual Report on Form
20-F for the fiscal year ended December 31,
2019. SOS's SEC filings are available publicly on the SEC's
website at www.sec.gov. SOS disclaims any obligation to update
the forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE SOS Limited