QINGDAO, China, Feb 23, 2021 / PRNewswire / – SOS Limited (NYSE: SOS) (the “Company” or “SOS”) today announced that the 5,000 PCS platforms of crypto-mines, which were the first delivery batch received on February 9, 2021, went live today

This 5000 PCS batch of mining rigs can generate around BTC Hash Power 175P If the machine performs as expected, the annual ROI (ROI) should be significant depending on the current price dynamics of the cryptography

Mr. Yandai Wang, Chairman of SOS, commented: “As institutional investors also jump on the cryptocurrency bandwagon like BTC, we expect the price dynamics of cryptocurrencies like BTC and ETH to increase further and we will do our best to seize this opportunity by creating more crypto-mining pools in the cloud in the short term “

SOS is an emerging blockchain and big data-based marketing and solutions provider, with a nationwide membership base of around 20 million people in China As of July 2020, the headquarters of the company moved from Gui ‘An New Area to Qingdao West Coast New Area Recently, SOS presented its blockchain and cryptocurrency strategy, which includes a series of initiatives to expand its business in crypto mining -currency as well as the security and insurance of cryptocurrencies The basic infrastructure of marketing data, technology and solutions of SOS for insurance and emergency relief services is based on Big Data, technology based on blockchain, cloud computing, AI, satellite and 5G network, etc. SOS has created a “Software as a Service (SaaS)” cloud platform for emergency services, with three main product categories: basic cloud, cooperative cloud and information This system provides innovative marketing solutions to customers such as insurance companies, financial institutions, medical institutions, health care providers, automobile manufacturers, security providers, providers of assisted living for the elderly and other providers of services 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 the government of the new district of Gui’an Remaining at the forefront of digital technological innovation, the Company has registered 99 software copyrights and 2 patents For more information, please visit: http: // wwwsosyuncom /

Certain statements contained in this document 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 which predict or indicate future events or trends or which are not statements of historical matters These forward-looking statements include the timing of the proposed transaction; the business plans, goals, expectations and intentions of the parties;, SOS’s estimated and future operating results, 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, research programs, health systems or the global economy as a whole; our intellectual property; our dependence on third party organizations; our expected financial and operating results, including expected sources of revenue; our assumptions regarding the size of the available market, the benefits of our product offering, product prices, timing of product launches; management’s expectations regarding future acquisitions; statements regarding our goals, intentions, plans and expectations, including the introduction of new products and markets; and our liquidity needs and financing plans, etc. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. Therefore, caution should be exercised in relying on forward-looking statements SOS may not achieve its expectations and beliefs may not turn out to be 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 to persons acting on its behalf are expressly qualified in their entirety by these factors Except as required by securities laws, the Company does not assume responsibility for obligation to update these forward-looking statements

Additional information regarding these and other factors that may affect our expectations and projections is available in our periodic filings with the SEC, including our annual report on Form 20-F for the year ended December 31, 2019 SOS filings with the SEC are publicly available on the SEC’s website at wwwsecondgovSOS disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise

Crypto

World News – AU – SOS Announces First Batch of 5000 Coins from Crypto Mining Platforms Live Today

Source: https://www.prnewswire.com/news-releases/sos-announces-that-the-first-batch-of-5000-pieces-of-crypto-mining-rigs-gone-live-today-301233475.html