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/.
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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