NEW
YORK, Aug. 24, 2023 /PRNewswire/ -- SOS Limited
("SOS" or the "Company") (NYSE: SOS) has launched over 5,000 of its
own mining rigs in its Texas,
Hosting Center to date. Separately, SOS announced it has entered
into a Hosting Agreement with BITMAIN for a term ending
August 20, 2025. The total number of
hosting mining rigs is 6,000 units, which will be delivered in 2
batches of 3,000 units each.
Mr. Yandai Wang, CEO and Chairman of SOS, commented, "We are
pleased with the expansion of our North American operations so far.
In addition to increases in our own mining revenues, this Agreement
will generate monthly revenues of more than $1 million."
About SOS Limited
SOS is an emerging blockchain-based service solution provider
and also engaged in blockchain and cryptocurrency
operations, which currently include cryptocurrency
mining and maybe expand into cryptocurrency security.
Since April 2021, we launched
commodity trading via our subsidiary SOS International Trading Co.
Ltd; major trading commodity includes mineral resin, soy bean,
wheat, sesame, liquid sulfur, petrol coke and latex etc. For more
information, please visit: http://www.sosyun.com/.
About BITMAIN
BITMAIN is the world's leading manufacturer of digital currency
mining servers through its brand ANTMINER, which has long
maintained a global market share and leading position in
technology, serving customers across over 100 countries and
regions. The company has subsidiaries in China, the United
States, Singapore,
Malaysia, Kazakhstan, and other locations.
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. 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"). 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 Ltd.