QINGDAO, China, April 20, 2021 /PRNewswire/ — SOS Restricted (NYSE: SOS) (the “Firm” or “SOS”) introduced at this time that the corporate has entered into an settlement to buy 575 cryptocurrency ETH mining rigs. Beneath the phrases of the settlement, the Firm is anticipated to acquire roughly 400 GH of ETH hash charge. The mining rigs are anticipated to be delivered on or about April 30, 2021.
This buy is one other step in implementing SOS’ cryptocurrency mining technique. The Firm is happy it has been in a position to safe mining capability throughout this world mining tools scarcity.
Mr. Yandai Wang, CEO of SOS, commented, “we’re optimistic about the way forward for cryptocurrencies and Ethereum specifically. That is a part of our general technique to develop blockchain-based environments and companies and which will likely be a core a part of our progress in 2021 and past”.
About SOS Restricted
SOS is an rising blockchain-based and large data-driven advertising and marketing and resolution supplier in addition to cryptocurrency mining operator. The core infrastructure of SOS’ advertising and marketing knowledge, expertise and options to insurance coverage and emergency rescue companies is constructed on large knowledge, blockchain-based expertise, cloud computing, AI, satellite tv for pc, and 5G community, and so on. SOS has created a cloud “software program as a service (SaaS)” platform for emergency rescue companies, with three main product classes: primary cloud, cooperative cloud, and data cloud. This technique gives modern advertising and marketing options to shoppers similar to insurance coverage corporations, monetary establishments, medical establishments, healthcare suppliers, auto producers, safety suppliers, senior dwelling 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 “Massive 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/ .
Sure statements on this press launch might represent “forward-looking statements” throughout the which means of the federal securities legal guidelines, together with, however not restricted to, our expectations for future monetary efficiency, enterprise methods or expectations for our enterprise. These statements represent projections, forecasts and forward-looking statements, and should not ensures of efficiency. SOS cautions that forward-looking statements are topic to quite a few assumptions, dangers and uncertainties, which change over time. Phrases similar to “might,” “can,” “ought to,” “will,” “estimate,” “plan,” “undertaking,” “forecast,” “intend,” “anticipate,” “anticipate,” “imagine,” “search,” “goal,” “look” or related expressions might determine forward-looking statements. Particularly, forward-looking statements might embody statements regarding the Firm’s:
- anticipated hash charge for its mining rigs;
- anticipated mining outcomes for the second quarter of 2021;
- intention to develop and set up extra mining rigs;
- capacity to execute its marketing strategy;
- modifications out there for SOS’ services and products; and
- growth plans and alternatives.
These forward-looking statements are primarily based on info obtainable as of the date of this press launch and our administration’s present expectations, forecasts and assumptions, and contain various judgments, dangers and uncertainties which will trigger precise outcomes or efficiency to be materially totally different from these expressed or implied by these forward-looking statements.
These dangers and uncertainties embody, however not are restricted to, the chance elements described by SOS in its filings with the Securities and Alternate Fee (“SEC”). These danger elements and people recognized elsewhere on this press launch, amongst others, might trigger precise outcomes to vary materially from historic efficiency and embody, however should not restricted to:
SOS’s cryptocurrency mining, safety and insurance coverage companies are nonetheless below improvement, with many uncertainties in analysis of related applied sciences;
- failure to entry a big amount of energy at affordable prices might considerably improve SOS working bills and adversely have an effect on our demand for SOS’s mining machines;
- shortages in, or rises within the costs of mining machines might adversely have an effect on the Firm’s enterprise;
- any important or extended failure within the knowledge warehouse amenities and knowledge mining amenities that SOS operates or companies it gives, together with occasions past its management, would result in important prices and disruptions and would scale back the attractiveness of its amenities, hurt its enterprise fame and have a fabric hostile impact on its outcomes of operation;
- safety breaches or alleged safety breaches of our knowledge warehouses might disrupt SOS operations and have a fabric hostile impact on its enterprise, monetary situation and outcomes of operation; and
- Chinese language authorities’s insurance policies and regulatory oversight of cryptocurrency mining operation;
- different dangers and uncertainties indicated in SOS’s SEC stories or paperwork filed or to be filed with the SEC by SOS.
Accordingly, forward-looking statements shouldn’t be relied upon as representing our views as of any subsequent date, and you shouldn’t place undue reliance on these forward-looking statements in deciding whether or not to spend money on our securities. We don’t undertake any obligation to replace forward-looking statements to mirror occasions or circumstances after the date they had been made, whether or not because of new info, future occasions or in any other case, besides as could also be required below relevant securities legal guidelines.
SOURCE SOS Restricted
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