QINGDAO, China, Feb. 24, 2021 /PRNewswire/ -- SOS Limited (NYSE:
SOS) (the "Company" or "SOS") announced today the receipt of the
second batch of 5000 PCS of crypto
mining rigs.
On the same date the second batch of 5000 PCS of mining rigs
were received, the SOS team kicked off the configurations
and installations, which are
expected to be completed very soon. Once this batch of mining rigs
goes live, we expect the pool of
5000 PCS will be able to generate about BTC Hash Power 175P and ETH
Hash Power 350G. If the machine operates as expected, the long-term
ROI (return on investment) is projected to be promising, despite recent pullbacks of cryptocurrency
prices.
Mr. Yandai Wang, Chairman of SOS, commented, "Although the cryptocurrency prices, such as
BTC prices, might continue to fluctuate, we believe the big general
trend for and cycle of
cryptocurrencies are still upward. As institutional investors have
been becoming one significant driving force behind
cryptocurrencies, such as BTC and ETH, which will be utilized as a
hedge against ongoing quantitative easing by sovereign currencies,
therefore, we remain committed to be very confident about our
long-term strategic investment in cryptocurrencies operation."
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 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