SOS Ltd. Announces its Aspiring Crypto Mining Strategy and Plan

QINGDAO, China, Jan. 13, 2021 /PRNewswire/ — SOS Restricted (NYSE: SOS) (the “Firm” or “SOS”) at this time introduced its crypto mining plan. SOS plans to speculate closely within the crypto mining enterprise to benefit from the rising buyers’ realization of the values and potentials of the crypto property.

Dr. Huazhong (Eric) Yan, Vice President of Operation who spearheads the Firm’s deliberate cryptocurrencies safety and insurance coverage operation may even be answerable for the crypto mining enterprise. The Firm plans to have him lead a workforce to give you an in depth plan of organising a collection of cloud crypto mining websites within the areas the place power prices are a lot decrease and clear power sources far more, similar to Sichuan, Gan su, Xinjiang, Yunnan, Inside Mongolia, and so on. Initially, SOS anticipates specializing in the mining of the important thing mainstream cryptocurrencies, similar to BTC, and so on. If that enterprise develops as deliberate, we plan to broaden mining additional to the total protection of all of mainstream cryptocurrencies. As well as, SOS additionally plans to offer a wide range of cloud primarily based crypto mining companies, similar to SOS self-mining, miner trusteeship, cryptocurrency-related DeFi, safety and insurance coverage companies for cryptocurrencies, and so on.

SOS Chairman Yandai Wang commented, “We count on that SOS’s deliberate cloud primarily based crypto mining and crypto foreign money safety and insurance coverage operation spearheaded by Dr. Yan, will turn out to be certainly one of key development drive of SOS.”

About SOS Restricted

SOS Restricted, via its working subsidiary, SOS Data Expertise Co., Ltd. (“SOS”) is a high-technology firm offering a variety of companies to its company and particular person members, together with advertising knowledge, expertise and options for emergency rescue companies. SOS transforms digital expertise into data-driven operations via the analysis and growth of massive knowledge, cloud computing, Web of Issues, blockchain and synthetic intelligence.

We’ve got created a SOS cloud emergency rescue service software program as a service (SaaS) platform with three main product classes: primary cloud, cooperative cloud, and data. This method gives progressive advertising options to shoppers similar 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 companies trade.

SOS has obtained a nationwide high-tech enterprise certification and the title of “large knowledge star enterprise,” awarded by Gui’an New District Authorities. Staying on the forefront of digital expertise innovation, the Firm has registered 32 software program copyrights and a couple of patents. For extra data, please go to: http://www.sosyun.com/

Ahead-Wanting Statements

Sure statements made herein are “forward-looking statements” throughout the which means of the “protected harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by means of phrases similar to “anticipate,” “imagine,” “count on,” “estimate,” “plan,” “outlook,” and “mission” 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 embody 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 atmosphere and potential development alternatives market acceptance of our merchandise; the final word affect of the present Coronavirus pandemic, or some other 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 celebration organizations; our anticipated monetary and working outcomes, together with anticipated sources of revenues; our assumptions relating to the dimensions 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 relating to our targets, intentions, plans and expectations, together with the introduction of latest merchandise and markets; and our money wants and financing plans and and so on. These forward-looking statements replicate the present evaluation of current data and are topic to numerous dangers and uncertainties. Consequently, warning should be exercised in counting on forward-looking statements. SOS could not understand its expectations, and its beliefs could not show right. As a result 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 elements. Apart from as required beneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.

Further data regarding these and different elements that will affect 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 12 months 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 on account of new data, future occasions or in any other case.