QINGDAO, China, Nov. 9, 2021 /PRNewswire/ -- SOS Limited
(NYSE: SOS) (the "Company" or
"SOS") reported the status of Phase I construction of its
supercomputing and hosting center in North America. The center is located in
Marinette county Wisconsin, a
state with rich natural resources and renewable energy.
SOS has been actively expanding its global footprint during the
past year or so. The total power at the Wisconsin center is expected to be 50MW,
fueled by renewable power and grid power. The Wisconsin facility is projected to have
a total BTC hash power of 1,000 PH once in full capacity of
operation. Phase I of the center is projected to use up to
20MW 17 units of mobile smart data center are equipped for
this purpose. At present, 6 units of mobile smart data center have
arrived in Wisconsin. Another
11 units mobile smart data center are in transits and are
expected to arrive around December
2021.
Mr. Yandai Wang, CEO and Chairman of SOS, commented, "the
supercomputing and hosting center in Wisconsin is an
important part of SOS's efforts to create its own blockchain
technology based ecosystem. We look forward to launching our
Super-Computing and Hosting service business in Wisconsin in the first quarter of 2022.
About SOS Limited
SOS is an emerging blockchain-based and big data-driven
marketing solution provider, with a nationwide membership base of
approximately 20 million in China. SOS is also engaged in
blockchain and supercomputing operations, and may expand
into.cryptocurrency security and insurance in the future.
Since April 2021, SOS launched commodity trading via our
subsidiary SOS International Trading Co. Ltd. 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
cloud. 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. For
more information, please
visit: http://www.sosyun.com/
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the federal
securities laws, including, but not limited to, our expectations
for future financial performance, business strategies or
expectations for our business. These statements constitute
projections, forecasts and forward-looking statements, and are not
guarantees of performance. SOS cautions that forward-looking
statements are subject to numerous assumptions, risks and
uncertainties, which change over time. Words such as "may," "can,"
"should," "will," "estimate," "plan," "project," "forecast,"
"intend," "expect," "anticipate," "believe," "seek," "target,"
"look" or similar expressions may identify forward-looking
statements. Specifically, forward-looking statements may include
statements relating to the Company's:
- ability to execute its business plan;
- changes in the market for SOS' products and services; and
- expansion plans and opportunities.
These forward-looking statements are based on information
available as of the date of this press release and our management's
current expectations, forecasts and assumptions, and involve a
number of judgments, risks and uncertainties that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements.
These risks and uncertainties include, but not are limited to,
the risk factors described by SOS in its filings with the
Securities and Exchange Commission ("SEC"). These risk factors and
those identified elsewhere in this press release, among others,
could cause actual results to differ materially from historical
performance and include, but are not limited to:
- Local government's policies and regulatory oversight of crypto
currency mining operation and our other operations;
- SOS's blockchian and supercomputing, commodity trading and
marketing solutions businesses are still under development, with
many uncertainties in the future direction and integration of these
various business segments;
- Failure to manage the newly launched commodities trading
business effectively;
- Loss of key customers in the commodity trading business;
- failure to access a large quantity of power at reasonable costs
could significantly increase SOS operating expenses and adversely
affect our demand for SOS's mining activities;
- any significant or prolonged failure in the data warehouse
facilities and data mining facilities that SOS operates or services
it provides, including events beyond its control, would lead to
significant costs and disruptions and would reduce the
attractiveness of its facilities, harm its business reputation and
have a material adverse effect on its results of operation;
- security breaches or alleged security breaches of our data
warehouses could disrupt SOS operations and have a material adverse
effect on its business, financial condition and results of
operation; uncertainty in global supply chain and international
shipping and
- other risks and uncertainties indicated in SOS's SEC reports or
documents filed or to be filed with the SEC by SOS.
Accordingly, forward-looking statements should not be relied
upon as representing our views as of any subsequent date, and you
should not place undue reliance on these forward-looking statements
in deciding whether to invest in our securities. We do not
undertake any obligation to update forward-looking statements to
reflect events or circumstances after the date they were made,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws.
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SOURCE SOS Limited