NEW
YORK, March 8, 2024 /PRNewswire/ -- SOS
Limited ("SOS" or the "Company") (NYSE: SOS) provides update of its
two Super-Computing centers in the U.S.
SOS Ltd is providing an interim operating snapshot of it's North
American Super-Computing Centers. Between January 2023 and February
29, 2024 SOS has mined a total of 29.434 BTC. Through its
majority owned joint venture, FD LLC, SOS operates 726 Thor miner
S99 in the Wisconsin Super-Computing Center and 1,086 Thor
miner S99 in the Texas Super-Computer Center. Assuming a
per unit price of 61,000 USD,
the total BTC output value for these
centers was approximately USD1.8
million.
Additionally, FD Ltd., is hosting approximately 7400 S19 XP
miners in the Texas site which has
a 42MW capability. Since March 2023,
the company has generated approximately $5 million in hosting
revenues.
Mr. Yandai Wang, CEO and Chairman of SOS, commented, "The
encouraging operational results reaffirms the progress of our North
American growth strategy, we will continue to push through
execution of this strategy and expect continued growth in
2024."
About SOS Limited
SOS is an emerging blockchain-based service solution provider
and also engaged in blockchain and cryptocurrency
operations, which currently include cryptocurrency
mining and maybe expand into cryptocurrency security.
Since April 2021, we launched
commodity trading via our subsidiary SOS International Trading Co.
Ltd; major trading commodity includes mineral resin, soy bean,
wheat, sesame, liquid sulfur, petrol coke and latex etc. For more
information, please visit: http://www.sosyun.com/.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Federal
Securities Act, including but not limited to our expectations of
future financial performance business strategy or business.
These statements constitute forecasts, prospects and
forward-looking statements and are not performance guarantees,
SOS warns that forward-looking statements are subject to many
assumptions, risks and uncertainties that will change over time.
Forward looking statements maybe identified by words such as
"'may","can", "should", "will", "estimate", "plan", "project",
"forecast", "intend""expect", "predict", "believe", "seek",
"target", "Outlook" or similar words. Specifically,
forward-looking statements may include statements related to
the following matters of the company:
- Ability to implement its business plan;
- Changes in SOS product and service market; and
- Expansion plans and opportunities.
These forward-looking statements are based on information
available as of the date of this press release and our management's
current expectations, forecasts and assumptions, and involve a
number of judgments, risks and uncertainties that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements.
These risks and uncertainties include, but not are limited to,
the risk factors described by SOS in its filings with the
Securities and Exchange Commission ("SEC"). These risk factors and
those identified elsewhere in this press release, among others,
could cause actual results to differ materially from historical
performance and include, but are not limited to:
- Local government's policies and regulatory oversight of
crypto currency mining operation and our other
operations;
- SOS's blockchain and super computing, commodity trading and
marketing solutions businesses are still under development, with
many uncertainties in the future direction and integration of these
various business segments;
- Failure to manage the newly launched commodities trading
business effectively;
- Loss of key customers in the commodity trading business;
- Failure to access a large quantity of power at reasonable costs
could significantly increase SOS operating expenses and adversely
affect our demand for SOS's mining activities;
- Any significant or prolonged failure in the data warehouse
facilities and data mining facilities that SOS operates or services
it provides, including events beyond its control, would lead to
significant costs and disruptions and would reduce the
attractiveness of its facilities, harm its business reputation and
have a material adverse effect on its results of operation;
- Security breaches or alleged security breaches of
our data warehouses could disrupt SOS operations and have a
material adverse effect on its business, financial condition and
results of operation; uncertainty in global supply chain and
international shipping and
- Fluctuation in the crypto currency price.
- Other risks and uncertainties indicated in SOS's SEC reports or
documents filed or to be filed with the SEC by SOS.
Accordingly, forward-looking statements should not be relied
upon as representing our views as of any subsequent date, and you
should not place undue reliance on these forward-looking statements
in deciding whether to invest in our securities. We do not
undertake any obligation to update forward-looking.
View original
content:https://www.prnewswire.com/news-releases/sos-ltd-provides-operating-update-of-its-super-computing-centers-in-the-us-302084101.html
SOURCE SOS Ltd.