SOS Declares the Receipt of the Second Batch of 5000 Items of Crypto Mining Rigs


QINGDAO, China, Feb. 24, 2021 /PRNewswire/ — SOS Restricted (NYSE: SOS) (the “Firm” or “SOS”) introduced right now the receipt of the second batch of 5000 PCS of crypto mining rigs.

On the identical date the second batch of 5000 PCS of mining rigs have been obtained, the SOS group kicked off the configurations and installations, that are anticipated to be accomplished very quickly. As soon as this batch of mining rigs goes dwell, we anticipate the pool of 5000 PCS will be capable to generate about BTC Hash Energy 175P and ETH Hash Energy 350G. If the machine operates as anticipated, the long-term ROI (return on funding) is projected to be promising, regardless of current pullbacks of cryptocurrency costs.

Mr. Yandai Wang, Chairman of SOS, commented, “Though the cryptocurrency costs, comparable to BTC costs, would possibly proceed to fluctuate, we imagine the large basic development for and cycle of cryptocurrencies are nonetheless upward. As institutional buyers have been turning into one vital driving pressure behind cryptocurrencies, comparable to BTC and ETH, which will probably be utilized as a hedge in opposition to ongoing quantitative easing by sovereign currencies, due to this fact, we stay dedicated to be very assured about our long-term strategic funding in cryptocurrencies operation.”

About SOS Restricted

SOS is an rising blockchain-based and large data-driven advertising and resolution supplier, with a nationwide membership base of roughly 20 million in China. Just lately, SOS has outlined its technique in blockchain and cryptocurrencies, which embrace a sequence of initiatives to broaden its enterprise into cryptocurrency mining in addition to cryptocurrency safety and insurance coverage. The core infrastructure of SOS’ advertising information, expertise and options to insurance coverage and emergency rescue providers is constructed on large information, blockchain-based expertise, cloud computing, AI, satellite tv for pc, and 5G community, and so forth. SOS has created a cloud “software program as a service (SaaS)” platform for emergency rescue providers, with three main product classes: primary cloud, cooperative cloud, and data. This technique offers modern advertising options to purchasers comparable to insurance coverage firms, monetary establishments, medical establishments, healthcare suppliers, auto producers, safety suppliers, senior dwelling help suppliers, and different service suppliers within the emergency rescue providers trade.

SOS has obtained a nationwide high-tech enterprise certification and the title of “Huge Knowledge Star Enterprise,” awarded by Gui’an New District Authorities. Staying on the forefront of digital expertise innovation, the Firm has registered 99 software program copyrights and a pair of patents. For extra info, please go to: http://www.sosyun.com/.

Ahead-Wanting Statements

Sure statements made herein are “forward-looking statements” inside the which means of the “secure harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases comparable to “anticipate,” “imagine,” “anticipate,” “estimate,” “plan,” “outlook,” and “venture” and different comparable expressions that predict or point out future occasions or tendencies or that aren’t statements of historic issues. Such forward-looking statements embrace timing of the proposed transaction; the enterprise plans, targets, expectations and intentions of the events;, SOS’s estimated and future outcomes of operations, enterprise methods, aggressive place, trade setting and potential development alternatives market acceptance of our merchandise; the final word influence of the present Coronavirus pandemic, or another well being epidemic, on our enterprise, our analysis applications, healthcare techniques or the worldwide financial system as an entire; our mental property; our reliance on third social gathering organizations; our anticipated monetary and working outcomes, together with anticipated sources of revenues; our assumptions concerning the scale of the out there market, advantages of our product providing, product pricing, timing of product launches; administration’s expectation with respect to future acquisitions; statements concerning our targets, intentions, plans and expectations, together with the introduction of recent merchandise and markets; and our money wants and financing plans and and so forth. These forward-looking statements replicate the present evaluation of current info and are topic to varied dangers and uncertainties. Because of this, warning should be exercised in counting on forward-looking statements. SOS could not notice its expectations, and its beliefs could not show right. On account of recognized and unknown dangers, our precise outcomes could differ materially from our expectations or projections. All forward-looking statements attributable to the Firm or individuals performing on its behalf are expressly certified of their entirety by these components. Apart from as required underneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.

Further info regarding these and different components which will influence our expectations and projections may be present in our periodic filings with the SEC, together with our Annual Report on Kind 20-F for the fiscal yr ended December 31, 2019. SOS’s SEC filings can be found publicly on the SEC’s web site at www.sec.gov. SOS disclaims any obligation to replace the forward-looking statements, whether or not because of new info, future occasions or in any other case.

SOURCE SOS Restricted



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