SOS Limited provides data mining and analysis services to corporate and individual members in the People's Republic of China. It provides marketing data, technology, and solutions for insurance companies; emergency rescue services; and insurance product and health care information portals. The company operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, auto rescue, financial rescue, and life rescue cards; cooperative cloud systems, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud systems, such as Information Today and E-commerce Today, as well as 10086 hot-line and promotional center for Guangdong Bank of Development. It also focuses on cryptocurrency mining, blockchain-based insurance, and security management businesses. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, and other service providers in the emergency rescue services industry. SOS Limited is headquartered in Qingdao, the People's Republic of China. SOS Limited operates as a subsidiary of DXC Technology Company.
IPO Year:
Exchange: NYSE
Website: sosyun.com
NEW YORK, Feb. 11, 2025 /PRNewswire/ -- SOS Limited (NYSE:SOS) ("the Company" or "SOS") today announced entering of a strategic framework agreement with Lepu Sodium Power (Shanghai) Technology Co., Ltd., marking the initial step forward in their collaboration in the field of green solution energy. The partnership is intended for Lepu Sodium Power to provide electricity optimizing solutions to SOS for its computing and data centers. As a high-tech enterprise specializing in blockchain technology, SOS Limited boasts extensive expertise in big data, cloud computing, IoT, and digital solutions. In recent years, the Company has been committed to delivering digital transformation services worldwi
QINGDAO, China, Dec. 24, 2024 (GLOBE NEWSWIRE) -- SOS Limited ("SOS" or the "Company") (NYSE: SOS) today announced that on May 15, 2024, the Company filed its annual report on Form 20-F for the year ended December 31, 2023 (the "Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company's website at http://www.sosyun.com/. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company's complete audited financial statements filed with the SEC. To request a hard copy of the Company's audited financial statements, or for any other inquiry in r
RIVERSIDE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- SolarMax Technology, Inc. (Nasdaq SMXT) ("SolarMax" or the "Company"), an integrated solar energy company, has entered into a Memorandum of Understanding (MOU) with SOS Limited (NYSE:SOS), whose business activities include cryptocurrency mining, to develop large-scale solar power and battery storage facilities in Nevada, Texas and Florida to provide power for SOS' blockchain and cryptocurrency operations. The MOU contemplates the development of six separate facilities, each with a capacity of approximately 50 megawatts, for a combined total of approximately 300 megawatts. Under the proposed agreements, SolarMax would provide end-to-end
NEW YORK, Nov. 27, 2024 /PRNewswire/ -- SOS Ltd., a multifaceted company that engages in the blockchain, cryptocurrency operations and commodity trading, today announced the Board of Directors approved its plan to invest $50 million to purchase Bitcoin (BTC). This initiative underscores SOS's commitment to advancing its blockchain business and solidifies the Company's long-term belief in Bitcoin's role as a store of value and a strategic asset. The purchase plan comes as Bitcoin reaches historic highs and continues to capture global investors' interest. According to the latest market data, Bitcoin's price has soared to around $93,000 per coin, with projections suggesting it may surpass th
QINGDAO, China, Nov. 04, 2024 (GLOBE NEWSWIRE) -- SOS Limited ("SOS" or the "Company") (NYSE:SOS) today announced that it plans to change the ratio of its American depositary shares ("ADSs") from one (1) ADS representing ten (10) Class A ordinary shares to one (1) ADS representing one hundred and fifty (150) Class A ordinary shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about November 19, 2024 (the "Effective Date"). For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-fifteen reverse ADS split. On the Effective Date, holders of ADSs in The Depository Trust Company and Direct Registration
NEW YORK, Sept. 24, 2024 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE:SOS) today reported its semi-annual financial results for the six-months ended June 30, 2024. Results of operations Revenue As of June 30, 2024, SOS focuses on three product and service lines including Commodities Trading, Hosting Service and Others. Commodities Trading contributes 91.7% of the total revenue, 7.8% from Hosting Services and 0.5% from Others, (i.e. legacy data mining which was disposed of in November 2022). Six months endedJune 30, 2024 Revenue by Products and Services US$ Percentage Commodities Trading 55,466 91.7 % Hosting Services 4,719 7.8 % Others 329 0.5 % Total revenue -net $ 60,514 100
Qingdao, China, Aug. 21, 2024 (GLOBE NEWSWIRE) -- SOS Limited (NYSE:SOS) (the "Company" or "SOS"), a multifaceted company that engages in the blockchain and cryptocurrency operations and commodity trading, today announced the Company has received a letter from the New York Stock Exchange (the "NYSE") dated June 27, 2024, notifying SOS that it is below compliance standards due to the trading price of SOS's American depositary shares (the "ADSs"). Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period. Once notif
Operating loss of $4.8 million compared to $215 million in 2022Revenues declined from $260.0 million to $92.4 million driven by a decline in commodity revenues due to slowdown in China economic activity.Crypto-Mining revenue up over 50XCash and cash equivalents of approximately $280 millionNEW YORK, May 15, 2024 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE:SOS) today reported its full year financial results for the twelve-months ended December 31, 2023. Results of operations Revenue The company reported a notable decline in revenue from 2022 to 2023, with revenues dropping from $260.0 million to $92.4 million. This downturn was driven by the recession in the Chinese economy,
NEW YORK, March 13, 2024 /PRNewswire/ -- SOS Limited (NYSE:SOS) (the "Company" or "SOS"), a multifaceted company that engages in the blockchain and cryptocurrency operations and commodity trading, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $7.85 million worth of its American Depositary Shares ("ADS") and warrants in a public offering. Under the terms of the securities purchase agreement, the Company has agreed to sell 5,233,332 ADSs and warrants to purchase 10,466,664 ADSs. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $1.50. The warrants will expi
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 mine
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NEW YORK, May 18, 2023 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE:SOS) today reported its full year financial results for the twelve-months ended December 31, 2022 and the filing of its annual report on Form 20-F with the Securities and Exchange Commission ("SEC"). The annual report can be accessed on the SEC's website http://www.sec.gov as well as on the Company's investor relations website at https://service.sosyun.com/sos_en/investorRoom.html The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company at ir@sos
NEW YORK, June 3, 2021 /PRNewswire/ -- Dogecoin continues to earn significant recognition from Elon Musk as an accepted investment option and payment method after another tweet on May 20th. Naturally, companies from around the world are looking to make their mark in the cryptocurrency space with different innovations and uses for crypto, including using these currencies to pay for their products and services and embracing crypto mining initiatives. Companies such as Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF), Tesla (NASDAQ:TSLA) Riot Blockchain Inc. (NASDAQ:RIOT), SOS Limited (NYSE:SOS), and Marathon Digital Holdings Inc. (NASDAQ:MARA) have made strides in positioning themselves as
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