QINGDAO, China, Jan. 13, 2021 /PRNewswire/ -- SOS Limited
(NYSE: SOS) (the "Company" or "SOS") today announced its
crypto mining plan. SOS plans to invest heavily in the crypto
mining business to take advantage of the growing investors'
realization of the values and potentials of the crypto
assets.
Dr. Huazhong (Eric) Yan,
Vice President of Operation who spearheads the Company's planned
cryptocurrencies security and insurance operation will also be
responsible for the crypto mining business. The Company plans to
have him lead a team to come up with a detailed plan of setting up
a series of cloud crypto mining sites in the regions where energy
costs are much lower and clean energy resources much more, such as
Sichuan, Gan su, Xinjiang,
Yunnan,
Inner Mongolia, etc.
Initially, SOS anticipates focusing on the mining of the key
mainstream cryptocurrencies, such as BTC, etc. If that venture
develops as planned, we plan to expand mining further to the full
coverage of all of mainstream cryptocurrencies. In addition, SOS
also plans to provide a variety of cloud based crypto mining
services, such as SOS self-mining, miner trusteeship,
cryptocurrency-related DeFi, security and insurance services for
cryptocurrencies,
etc.
SOS Chairman Yandai Wang commented, "We expect that SOS's
planned cloud based crypto mining and crypto currency security and
insurance operation spearheaded by Dr. Yan, will become one of key
growth drive of SOS."
About SOS Limited
SOS Limited, through its operating subsidiary, SOS
Information Technology Co., Ltd. ("SOS") is a high-technology
company providing a wide range of services to its corporate and
individual members, including marketing data, technology and
solutions for emergency rescue services. SOS transforms digital
technology into data-driven operations through the research and
development of big data, cloud computing, Internet of Things,
blockchain and artificial intelligence.
We have created a SOS cloud emergency rescue service software as
a service (SaaS) platform 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 32 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