In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($52.5M against $0). This has it offering its cloud and marketing services to several members of the emergency rescue market. SOS is just one of many companies based in China that have hopped on the Bitcoin bandwagon and dedicated its entire enterprise to mining the cryptocurrency. SOS Limited, headquartered in Qingdao, China, is a ‘high-technology’ company that provides a wide offering for Emergency Rescue Services by leveraging Big Data, Cloud Computing, IOT (Internet of Things), Blockchain, and AI (Artificial Intelligence). SOS Limited Recent Developments With a membership base of about 20 Sos Ltd. (NYSE:SOS), another China-based company that has posted stellar gains this year as a cryptocurrency play, continues to extend gains, up … The Company also announced that on February 24, 2021, it was awarded its first Bitcoin from successful mining activities. To memorialize this event, SOS is creating a commemorative gold coin that will serve as a tangible representation of our first mined Bitcoin. SOS Chairman Yandai Wang commented, “This is a significant milestone for our Company. In a centralized financial system, the main benefit of cryptocurrencies being decentralized seems a very radical idea, at least for regulators. The future of cryptocurrency is seeming more evident with each passing day. It doesn’t matter if you have $500 in savings or $5 million. The company said proceeds from that offering would go to developing the cryptocurrency segment of the business, plus working capital and general corporate use. License. Still, in 2021 the stock has declined almost 25%. This is part of the company’s wider plans in blockchain and cryptocurrency, part of which includes capturing “the rising cryptocurrency price,” according to SOS Chairman Yandai Wang. SOS Limited is a tech company based out of China with a focus on emergency services. The Company also announced that on February 24, 2021, it was awarded its first Bitcoin from successful mining activities. Close. SOS stock news. SOS Ltd. (SOS) is a crypto mining company that has picked up hype in the last one-month period, following the bullish rally of Bitcoin. Together with its prior fleet of 5,000 mining rigs, the Company expects the combined fleet to have the capacity to calculate an average of 353 Peta-Hashes per second (PH/s) for mining Bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether (ETH). The Company is preparing a more detailed response to the false innuendo and lies that are being spread about the Company. The company has seen the potential in setting up crypto cloud mining sites in certain areas in China where energy costs are extremely favourable. These mining results do not include any financial results for the Company and do not address the Company’s other, non-mining operations, such as the Company’s marketing data, technology and solutions for emergency rescue services. As part of the review, payments from multiple mining pools were traced to SOS through the public Bitcoin and ETH blockchain ledgers. Doing a DD in English on a Chinese company is like traveling in a foreign country, you will never get the full picture. SOS Limited Stock Price Jumps 200% as Company Receives 5,000 Crypto Mining Rigs. For example, on Jan. 21, 2021 , SOS claimed to have purchased over 15,000 mining rigs for $20 M , and a month later, claimed that 5,000 mining rigs had already gone live. United States generally accepted accounting principles for cryptocurrency mining are complex, emerging and uncertain. The modern workplace starts with Surface for Business, © Source: Marko Aliaksandr/ShutterStock.com. Bitcoin and most alternative coins are not the only crypto-related gainers during the ongoing bull cycle. The Chinese-based company SOS Limited, yesterday unveiled plans to make a large investment into the crypto mining business, in order to exploit what it sees as the huge potential in crypto assets. Sos Ltd – ADR (NYSE:SOS) generated sales of $14.3M, according to information released in the company’s most recent quarterly financial report. The answer is simple: maintain a zero position on SOS and find a different company to buy or short sell. SOS Limited is attempting to become a powerful force in the Bitcoin and Ethereum mining arena. Probable target using eliott wave 9. SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. The company provides customers with rescue, big data, trade, digital asset management and other information technology services through AI block technology + satellite communication. For more information, please visit: http://www.sosyun.com/. The price developments have pushed numerous industry companies to see stock increases, including Chinese mining firm SOS Limited, which also received an endorsement from Shark Tank’s Kevin O’Leary. The first 5,000 of 15,600 cryptocurrency miners … SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of services to its corporate … This is an important question to ask, as chances are that globally and in the U.S., regulators are working on a potential framework that will do just that. SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it has successfully installed its second fleet of 5,000 cryptocurrency mining rigs. The company has seen the potential in setting up crypto cloud mining sites in certain areas in China where energy costs are extremely favourable. The Chinese-based company SOS Limited, yesterday unveiled plans to make a large investment into the crypto mining business, in order to exploit what it sees as the huge potential in crypto assets. 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: 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. The Company’s corporate clients include insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers and other service providers in the emergency rescue services industry. OTCPM24 promises to be a fair and objective portal, where readers can find the best information, recent crypto currency news. Do this now. SOS Limited stock is seeing heavy trading on today’s news. Up till recently, there were external market force that was believed to be behind the plunge; the price of Bitcoin and Ethereum have been down since the last 24 hours, either way high valuation stocks/high fliers like SOS were generally selling off today as the volume of stock trade today was 83,379,513 from the average trade volume of 44.84 million.. As of 11 a.m. EDT today, SOS stock was up … The Company created an SOS cloud emergency rescue software-as-a-service (SaaS) platform with three major product categories: basic cloud (medical rescue card, car rescue card, financial rescue card, mutual assistance rescue card), cooperative cloud (information rescue center, intelligent big data, intelligent software and hardware), and information cloud (News Today, E-Commerce Today). After raising around $25 million, the company began rolling out its plan. The main reason for this has been the company getting involved in … Sos shares surged 40.25% in the regular session to $6.69 and added another 18.39% gains in the after-hours. SOS Limited (SOS) Securities Fraud Class Action: The complaint centers on SOS’s purported recent entry into the bitcoin mining business. Bitcoin and most alternative coins are not the only crypto-related gainers during the ongoing bull cycle. SOS Ltd. SOS Limited is a tech company based out of China with a focus on emergency services. SOS transforms digital technology into data-driven operations through research and development of big data, cloud computing, Internet of Things, blockchain and artificial intelligence. SOS plans to mine both Bitcoin and Ethereum. Increasingly mistrustful of traditional financial institutions, many are turning to cryptocurrencies and other decentralized finance plays as an alternative. These hash rates are subject to numerous factors, including down time for maintenance, reconfiguration and other variable factors that may materially impact computing performance in the future. This is a location where electricity prices are much lower. Any selling pressure on Bitcoin could hurt Bit Digital’s sales. Sos Ltd – ADR (NYSE:SOS) pulled in sales of $14.2M in its last reported quarterly financials, representing top line growth of -38.4%. This has it offering its cloud and marketing services to several members of the emergency rescue market. But earlier this year, SOS has attracted investor interest by releasing a wave of press releases touting its purported entry into the bitcoin mining business. SOS, 60. SOS’s cryptocurrency mining, security and insurance businesses are still under development, with many uncertainties in research of relevant technologies; 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 machines; shortages in, or rises in the prices of mining machines may adversely affect the Company’s business; 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; and. As of 11 a.m. EDT today, SOS stock was up … The Company expects to generate at least 41 Bitcoins and 909 ETH in the first quarter of 2021, based on various assumptions relating to down time for its fleet, worldwide hash power and other operating conditions. The price developments have pushed numerous industry companies to see stock increases, including Chinese mining firm SOS Limited, which also received an endorsement from Shark Tank’s Kevin O’Leary. SOS BItcoin & Ethereum Mining in China Proof the Company Real Price Prediction Coming Later Today !!! SOS may be the first company to offer crypto insurance, crypto loans, and other crypto-related financial services in the months ahead. Investors buying SOS shares or any Bitcoin-related stock would need to check the prices of Ether and Bitcoin daily. SOS Limited utilizes blockchain and big data technologies to provide marketing and cloud computing services to its partners in the sector. Bitcoin and most alternative coins are not the only crypto-related gainers during the ongoing bull cycle. SOS is a high-tech company with AI block chain as the core technology, headquartered in Qingdao. SOS is cash flow positive, and recapitalized in February 2021 with $300M in successful offerings. Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business. SOS Limited is a tech company focused on emergency rescue services, working with healthcare providers, insurance companies and financial institutions, among others in the emergency rescue industry. Many other cryptocurrency stocks rose for the session because Bitcoin was trading higher. The Company’s board of directors also commissioned an independent review of the Company’s cryptocurrency mining activities. SOS … SOS continues to transition to a full on Bitcoin mining company, deploying 5000 more Antminers. SOS Installs Second Batch of 5,000 Cryptocurrency Miners and Gives First Quarter... Ethereum transaction fees ‘skyrocketed’ in the the first quarter, ramping up…, Bitcoin’s path to $100,000 is less important than its potential impact…, Ontology’s Wing Cross-Chain Lending Platform Now Available on Ethereum Blockchain, GameStop and Bitcoin Renewed a Push to Digitize the Stock Market, Bitcoin slips from record high of $61,000 as regulatory scrutiny mounts, Paul Brody: This Isn’t the Revolution I Signed Up For, Coinbase Q1 profit to double last year’s total earnings, Crypto regulation is urgent! © Provided by InvestorPlace a digital representation of a bitcoin surrounded by several other altcoins forming a circular shape SOS Limited is a tech company … QINGDAO, China, March 15, 2021-- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it has successfully installed its second fleet of 5,000 cryptocurrency mining rigs. SOS says expects to mine at least 41 Bitcoins in Q1. The adoption of Bitcoin by PayPal was a major step towards the widespread adoption of digital currency. These warrants come in the shape of American Depositary Receipts (ARDs) are the ones available for trading in the US, and investors recently came under the pressure of selling these ADRs … Is SOS Limited’s (SOS) recent Bitcoin mining spree … SOS stock may look tempting to bargain hunters, but the company has continued to record losses despite its cash needs rising with its expansion into bitcoin mining. Shares of SOS Limited plunged on Tuesday after the company announced a substantial stock offering. SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced its crypto mining plan. The reasons are plenty, but the main one in favor of crypto regulation is its innovation of being decentralized. Another stock in the Bitcoin mining business, Bit Digital, is based in New York. Long-Term Debt to Equity for the company is recorded at 3.82, with the Long-Term Debt to Total Capital now at 3.43. The future of cryptocurrency is seeming more evident with each passing day. SOS Limited (NYSE:SOS) stock is up more than 70% in intraday trading with no specific catalyst to speak of. Some companies are involved with Bitcoin, but Ebang is. Announces Pricing of $125.0 Million Registered Direct Offering. Meanwhile, on the former front, mainstream acceptance of cryptocurrencies continues to climb, with Tesla (NASDAQ:TSLA) announcing a $1.5 billion investment in Bitcoin (CCC:BTC) on Monday. Words such as “may,” “can,” “should,” “will,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target,” “look” or similar expressions may identify forward-looking statements. SOS Limited is attempting to become a powerful force in the Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) mining arena. The company added, "We are also one of the earliest bitcoin miner foundries in China with proprietary ASIC chips developed independently." by Shivdeep Dhaliwal. Use Weakness in SOS Limited … Connect with friends faster than ever with the new Facebook app. With Morgan Stanley accepting bitcoin payments under certain requirements, bitcoin will see many green candles. SOS Crazy Gains Ahead. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of … SOS Limited (SOS) Securities Fraud Class Action: The complaint centers on SOS’s purported recent entry into the bitcoin mining business. According to its website, "It commenced bitcoin mining in early 2020 and currently operates 2,253.5 PH/S of Bitcoin Hash Rate across the entire Bitcoin network, making it the one of the largest bitcoin mining companies listed on NASDAQ." Chinese government’s policies and regulatory oversight of crypto currency mining operation; other risks and uncertainties indicated in SOS’s SEC reports or documents filed or to be filed with the SEC by SOS. That marks a major milestone for the company as its crypto mining business heats up. Disclaimer: I have a tiny position in SOS, and I do believe the small pullback from Bitcoin is a healthy one which was caused by Elon Musk's comments on Bitcoin yesterday. – Explica .co, XELS ‘carbon-conscious’ blockchain-platform lists on Bittrex Global. The post Why SOS Stock Is Too Risky a Bitcoin Play To Handle appeare... Other stocks mentioned: HUTMF, LKNCY, ... QINGDAO, China, March 29, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that its wholly-owned subsidiary SOS Information Technology Co., Ltd. has entered into a j... 1 week ago - PRNewsWire. The revenue potential of companies like SOS depends on them. Chinese technology company SOS Limited’s (NYSE: SOS) shares have rocketed 92.44% premarket on Thursday following the announcement that it has hired Dr Eric H Yan, an expert in cryptocurrency mining, security and insurance technologies. With SOS being a sympathy play I see huge potential with this stock. Gallery: 5 Crypto Plays at Risk Under Biden Administration (InvestorPlace). Bitcoin and most alternative coins are not the only crypto-related gainers during the ongoing bull cycle.SOS Limited Stock Price Jumps 200% as Company Receives 5,000 Crypto Mining Rigs. For the President Joe Biden Administration, one key person that seems to be in strong favor of the cryptocurrency regulation is Janet Yellen, the new U.S. treasury secretary. The same investment thesis for EBON stock applies here. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($52.5M against $0). Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs.”. expected mining results for the first quarter of 2021; intention to grow and install more mining rigs; changes in the market for SOS’ products and services; and. Microsoft and partners may be compensated if you purchase something through recommended links in this article. The review also validated SOS’s control over certain electronic wallets and that the rate of Bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of the Company’s deployed fleet based on its hash rate capacity. SOS is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. Additionally, SOS Total Debt to Total Capital is recorded at 10.26, with Total Debt to Total Assets ending up at 0.84. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of … SOS is a Chinese tech company that provides a wide range of services. If you believe in the future of major cryptos, Ebang is a Chinese company that offers Bitcoin mining machines and also telecommunication products. As the company says on its website, "In terms of hashrate sales in 2019, we were the leading Bitcoin miner manufacturer in the global market." The cryptocurrency market has been red hot recently with Bitcoin gaining 30.49% on a seven-day trailing basis and Ethereum (ETH) gaining 10.88% … Considering Bitcoin hit all-time highs over the weekend, investors are excited about what these new mining rigs can do for the company. SOS Chairman Yandai Wang commented, “This is a significant milestone for our Company. SOS cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. The price of Bitcoin and Ethereum are … Like us on Facebook to see similar stories, Watchdog group petitions EPA to ban Seresto pet collar after thousands report harm, Trump Hires Criminal Defense Attorney Who Previously Partnered With Prosecutor Investigating His Business Dealings, Should cryptocurrency be regulated? SOS Chairman Yandai Wang commented, “This is a significant milestone for our Company. The price developments have pushed numerous industry companies to see stock increases, including Chinese mining firm SOS Limited, which also received an endorsement from Shark Tank’s Kevin O’Leary. InvestorCentral. The company is offering more of its stock as warrants. Shares of SOS Limited plunged on Tuesday after the company announced a substantial stock offering. QINGDAO, China, Jan. 21, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today it has entered into a purchase agreement to … Recently, SOS began rolling out its cryptocurrency mining business and plans to develop insurance and security management solutions for digital assets and cryptocurrencies. QINGDAO, China, March 15, 2021 /PRNewswire/ — SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today that it has successfully installed its second fleet of 5,000 cryptocurrency mining rigs. Cryptocurrencies may not be recognized as cash or cash equivalents, and mining activities may not qualify for revenue recognition. For BTBT and EBON stocks, the price of Bitcoin in the future is trivial to their valuation and stock performance as well. This video is about SOS Mining Translation of what's said in that video**Mandarin:**\-(摄影者) SOS的投资人，大家好！我是SOS云算力中心实盘负责人。 SOS Limited Stock Price Jumps 200% as Company Receives 5,000 Crypto Mining Rigs pokelife123. The core infrastructure of the company’s marketing data, technology, and solutions to insurance and emergency rescue services is built on big data, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. Considering Bitcoin hit all-time highs over the weekend, investors are excited about what these new mining rigs can do for the company. Long. ABOUT US Sos Mining is the brand of BIT HOURS LTD. SOS MINING is an industry leading of Bitcoin, Dogecoin and Litecoin mining pool. SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today the receipt of the second batch of 5000 PCS of crypto mining rigs. SOS Limited Stock Price Jumps 200% as Company Receives 5,000 Crypto Mining Rigs Author: Jordan Lyanchev Last Updated Mar 22, 2021 @ 16:41. Lower sales mean lower profitability and weaker free cash flows, which define the valuation of the stock. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Disclaimer: I have a tiny position in SOS, and I do believe the small pullback from Bitcoin is a healthy one which was caused by Elon Musk's comments on Bitcoin yesterday. On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article. SOS shares are currently trading at $3.31 after closing on Wednesday at $1.72. On the latter front, Robinhood’s decision to restrict trading in heavily shorted stocks left many Main Street investors with a bad taste in their mouths. marketing and cloud computing services to its partners in the sector, 7 Stocks Selling at a Discount As January Comes To An End, focus on the future of the blockchain economy, this investment vehicle invests solely and passively in Bitcoin, 8 Cheap Stocks to Buy With Your Next Stimulus Check, Why Everyone Is Investing in 5G All WRONG, Top Stock Picker Reveals His Next Potential Winner. SOS Chief Financial Officer Steven Li elaborated, “These expected mining results reflect only a partial quarter of operations, since our current fleet of mining rigs was only recently installed during the first quarter. Specifically, forward-looking statements may include statements relating to the Company’s: 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.

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