SOS Ltd. announces the launch of

QINGDAO, China, May 10, 2022 /PRNewswire/ — SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced the launch of its hosting business at the Super-Computer & Hosting Center in Wisconsin. SOS has signed several agreements for hosting and managing more than 21,000 mining rigs. Over 680 customer-hosted servers have been deployed in mobile smart containers to date. This represents progress on another step in SOS’s strategy to develop its North America operations.

Mr. Yandai Wang, CEO and Chairman of SOS, said, “This launch marks the step-by-step implementation of the company’s plan. We will launch other mining rigs as we sign additional contracts with third parties. We will continue to invest in more top tier rigs for our own mining use and increase manpower to support local operations. This will create more jobs and support the local economy.

Until today, the company has deployed its own sets of 700 rigs in the mining production pool. More such platforms will come online as the company secures more power from power providers.

Additionally, SOS announced that on June 27, 2022, it will hold an open house on the Super-computing Center. Access will be granted to all successfully registered visitors. The Company plans to offer open houses from time to time. For more information regarding the Open Day, please visit: open.sosyun.com or email: [email protected].

About SOS Limited

SOS is a new high-tech company with artificial intelligence and blockchain as core technologies. Through core technologies such as AI, block technology, satellite communication and big data, the company provides digital technical services for emergency rescue, big data marketing, international trade, digital assets and other industries, and provides customers with one-stop digital total solutions. For more information, visit 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 company matters:

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;
  • SOS’ blockchian 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 electricity at reasonable costs could significantly increase SOS’s operating expenses and adversely affect our demand for SOS’s 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, will 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.

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