SOS Announces that the First Batch of 5000 Pieces of Crypto Mining Rigs Gone Live Today

Mr. Yandai Wang, Chairman of SOS, commented, ” As institutional traders are additionally leaping on the bandwagon of cryptocurrencies like BTC, we count on the worth momentum of crypto currencies like BTC and ETH will improve additional and we’ll do our greatest to seize this chance by creating extra cloud crypto mining swimming pools within the close to time period.”

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. In July 2020, the headquarters of the corporate was moved from Gui ‘An New Space to Qingdao West Coast New Space. Just lately, SOS has outlined its technique in blockchain and cryptocurrencies, which embody 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 companies is constructed on massive information, blockchain-based expertise, cloud computing, AI, satellite tv for pc, and 5G community, and many others. SOS has created a cloud “software program as a service (SaaS)” platform for emergency rescue companies, with three main product classes: fundamental cloud, cooperative cloud, and knowledge. This method gives revolutionary advertising options to shoppers corresponding to insurance coverage corporations, monetary establishments, medical establishments, healthcare suppliers, auto producers, safety suppliers, senior residing help suppliers, and different service suppliers within the emergency rescue companies business.

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 99 software program copyrights and a pair of patents. For extra info, please go to: http://www.sosyun.com/ .

Ahead-Trying Statements

Sure statements made herein are “forward-looking statements” throughout 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 means of phrases corresponding to “anticipate,” “consider,” “count on,” “estimate,” “plan,” “outlook,” and “mission” and different comparable expressions that predict or point out future occasions or developments 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, business surroundings and potential progress alternatives market acceptance of our merchandise; the final word influence of the present Coronavirus pandemic, or some other well being epidemic, on our enterprise, our analysis packages, healthcare techniques or the worldwide economic system as a complete; our mental property; our reliance on third social gathering organizations; our anticipated monetary and working outcomes, together with anticipated sources of revenues; our assumptions relating to the dimensions of the obtainable market, advantages of our product providing, product pricing, timing of product launches; administration’s expectation with respect to future acquisitions; statements relating to our objectives, intentions, plans and expectations, together with the introduction of latest merchandise and markets; and our money wants and financing plans and and many others. These forward-looking statements mirror the present evaluation of present info and are topic to varied dangers and uncertainties. In consequence, warning should be exercised in counting on forward-looking statements. SOS could not notice its expectations, and its beliefs could not show appropriate. Resulting from identified 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. Aside from as required beneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.

Further info regarding these and different components that will influence our expectations and projections may be present in our periodic filings with the SEC, together with our Annual Report on Type 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 info, future occasions or in any other case.

SOURCE SOS Restricted