QINGDAO, China,
May 10,
2022 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the
"Company" or "SOS") announced the launch of its Hosting Business at
the Super-Computer & Hosting Center in Wisconsin. SOS has signed multiple agreements
for hosting and managing more than 21,000 mining rigs. Over 680
client hosted servers have been deployed in mobile smart containers
to date. This represents progress on another step in SOS' strategy
to build out its North America
operations.
Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This
launch marks the step-by-step implementation of the company's
plan. We will launch more mining rigs as we sign additional
contracts with third parties. We will continue to invest in more
high level rigs for our own mining use and increase the manpower to
support local operations. This will add more jobs and support the
local economy."
Through today, the company has deployed its own 700 sets of
rigs to mining production pool. More such rigs will go online
as the company secures more power supply from electricity providers
.
In addition, SOS announced that on the 27th of June, 2022 it
will host a Super-computing Center Open House Day. Access will be
granted to all successfully registered visitors. The Company
anticipates it will offer Open House Days from time to time. For
more information regarding the Open House please refer to:
open.sosyun.com or email: open@sosyun.com.
About SOS Limited
SOS is a new high-tech company with artificial intelligence and
blockchain as its core technologies. Through core technologies such
as AI, block technology, satellite communication and big data, the
company provides digital technical services for emergency rescue,
big data marketing, international trade, digital assets and other
industries, and provides customers with one-stop digital overall
solutions. For more information, visit www.sosyun.com.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Federal
Securities Act, including but not limited to our expectations of
future financial performance, business strategy or business. These
statements constitute forecasts, prospects and forward-looking
statements and are not performance guarantees. SOS warns that
forward-looking statements are subject to many assumptions, risks
and uncertainties that will change over time. Forward looking
statements may be identified by words such as "may", "can",
"should", "will", "estimate", "plan", "project", "forecast",
"intend", "expect", "predict", "believe", "seek", "target",
"Outlook" or similar words. Specifically, forward-looking
statements may include statements related to the following matters
of the company:
Ability to implement its business plan;
Changes in SOS product and service market; 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