SOS Ltd. announces the launch of its operations in North America with the opening of its supercomputing and hosting center in Wisconsin

QINGDAO, China, April 12, 2022 /PRNewswire/ — SOS Limited (NYSE: SOS) (the “Company” or “SOS”) today announced the launch of its Supercomputing and Hosting Center in Wisconsin.

Over the past nine months, SOS management and its US team have diligently developed its Super-Computing and Hosting Center by Wisconsin. Currently, SOS, through its majority-owned joint venture, FD LLC, has secured a 25 MW power supply to its facility in Price County Wisconsinwhich should be increased to 37 MW once some system improvements are completed.

The Center is designed to accommodate super-computer servers inside mobile smart containers, also known as containerized data centers. These containers contain the complete technological infrastructure of a classic data center, but are housed in a steel container. Photos of these self-contained data centers are available on the SOS website, (http://www.sosyun.com/). Currently, SOS has 31 mobile smart containers in Wisconsin.

The first stage of Phase I of the Center is complete. It has a capacity of 5MW and currently hosts 4 mobile containers. This provides for the operation of up to 2,500 supercomputing servers. The final stage of Phase I will add an additional 20 MW of capacity and is expected to be completed within the June timeframe. This should allow the operation of up to 10,000 additional supercomputing servers.

Phase II involves the construction of a cryptocurrency mining center and will add 12 MW, which is expected to provide up to 6,000 additional supercomputing servers and is expected to be completed this summer.

Mr. Yandai Wang, CEO and Chairman of SOS, commented: the initial launch of our mobile intelligent data hosting center consolidates our ongoing strategic transformation and continued investment in North America. We believe this launch will fuel sustainable growth and bring value to our shareholders.

About SOS Limited

SOS is an emerging marketing solutions provider based on blockchain and big data drive. It is also engaged in blockchain and cryptocurrency business. Currently, it includes cryptocurrency mining and may expand to cryptocurrency security and assurance in the future. Since April 2021, we traded commodities through our subsidiary SOS International Trading Co., Ltd. (the central infrastructure of SOS marketing data). Insurance and emergency relief services technologies and solutions are based on big data, blockchain-based technology, cloud computing, artificial intelligence, satellite and 5g network. SOS has created a “software as a service (SaaS)” cloud platform for emergency rescue services. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. The system provides customers with innovative marketing solutions, such as insurance companies, financial institutions, medical institutions, health care providers, car manufacturers, security providers, elderly assistance providers and other service providers in the emergency rescue services industry. For more information visit: http://www.sosyun.com/ .

Forward-looking statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of federal securities law, including, but not limited to, our expectations regarding financial performance, business strategy or future activity. These statements constitute forecasts, outlooks and forward-looking statements and are not guarantees of performance. SOS cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties that will change over time. Forward-looking statements may be identified by words such as “may”, “may”, “should”, “will”, “estimate”, “plan”, “project”, “anticipate”, “intend”. , “expect”, “predict”, “believe”, “seek”, “target”, “Outlook” or similar words. Specifically, forward-looking statements may include statements relating to the following matters of the Company:

  • Ability to implement its business plan;
  • Evolution of the market for SOS products and services; and
  • Expansion plans and opportunities.

These forward-looking statements are based on information available as of the date of this press release and on our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or actual performance materially different from those expressed or implied by such forward-looking statements.

These risks and uncertainties include, but are not 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 policies and regulatory oversight of cryptocurrency mining and our other operations;
  • S.O.S. blockchain and supercomputing, commodity trading and marketing solutions businesses are still under development, with many uncertainties about the future direction and integration of these different business segments;
  • Inability to effectively manage newly launched commodity trading businesses;
  • Loss of key customers in commodity trading;
  • the inability to access a large amount of power at reasonable costs could significantly increase SOS’s operating expenses and negatively affect our customers’ demand for SOS’s supercomputing hosting services and our own mining operations ;
  • any significant or prolonged failure of the data warehouse facilities and data mining facilities that SOS operates or the services that it provides, including events beyond its control, would result in significant costs and disruptions and reduce the attractiveness of its facilities, would harm its commercial reputation and have a material adverse effect on its results of operations;
  • security breaches or alleged security breaches of our data warehouses could disrupt SOS’s operations and have a material adverse effect on its business, financial condition and results of operations; uncertainty in the global supply chain and international shipping and
  • other risks and uncertainties identified in SOS’s SEC reports or documents filed or to be filed with the SEC by SOS.

Accordingly, forward-looking statements should not be taken as representing our views as of any future date, and you should not place undue reliance on such forward-looking statements in deciding whether or not to invest in our securities. We undertake no obligation to update forward-looking statements to reflect events or circumstances after the date on which they were made, whether as a result of new information, future events or otherwise, unless applicable securities laws require it.

SOS SOURCE limited