QINGDAO, China, Feb. 9, 2021 /PRNewswire/ -- SOS Limited
(NYSE: SOS) (the "Company" or "SOS") announced today that it
has received 5000 PCS of mining rigs ahead of schedule on
Feb. 9, 2021, five days earlier
than the delivery date set by the purchase agreement with the
seller.
The first batch of delivery is composed of a pool of 5000 PCS of
mining rigs, which can generate about BTC Hash Power 175P and ETH
Hash Power 350G. If these machine operates as expected, the annual
ROI (return on investment) is projected to be significant based on
the current crypto price momentum. The seller also confirmed that
they have enough inventories of crypto mining rigs and that they
can fulfill the next two batches of shipments as
scheduled. SOS Chairman Yandai Wang commented, "we have
secured supply of crypto mining equipment that is expected to
generate sufficient crypto hash power to allow us to promptly
capture the rising cryptocurrency price."
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. 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 date,
blockchain-based technology, cloud computing, AI, satellite, and 5G
network, etc. 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 99software 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