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: 2017
Exchange: NYSE
Website: sosyun.com
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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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
QINGDAO, China, Jan. 16, 2024 /PRNewswire/ -- SOS (NYSE:SOS) (the "Company" or "SOS") announced the launch of an additional 1,500 super-computing mining rigs in its Fort Stockton Texas Super-Computing Center. SOS entered into a hosting contract with Grand Flourish Inc, a company in California, on December 8, 2023 for hosting the 1,500 super-computing servers. This launch represents another step in SOS' North American growth strategy. SOS has been steadily implementing its mining and hosting business in North America over the past two years. Our Texas Super-Computing Center has completed the construction for producing 42MW of power. Its capacity can be further increased to 200MW and can be a
Revenues decline due to legacy business disposal and economic slow down GAAP net loss narrows to $11.0 million, compared to a net loss of $14.3 million in the first half of 2022 U.S. Hosting Service Growth underway Cash balance slightly increased from $247.4 million to $249.9 million NEW YORK, Sept. 28, 2023 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE:SOS) today reports its 2023 Interim financial results from operations. Six months ended June 30, 2023 compared to June 30, 2022 Revenue As at June 30, 2023, SOS focuses on four product and service lines including Commodity Trading, Cryptocurrency Mining, Hosting Service and Others. Commodity Trading contributes 90.5% of the tota
NEW YORK, Aug. 24, 2023 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE:SOS) has launched over 5,000 of its own mining rigs in its Texas, Hosting Center to date. Separately, SOS announced it has entered into a Hosting Agreement with BITMAIN for a term ending August 20, 2025. The total number of hosting mining rigs is 6,000 units, which will be delivered in 2 batches of 3,000 units each. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "We are pleased with the expansion of our North American operations so far. In addition to increases in our own mining revenues, this Agreement will generate monthly revenues of more than $1 million." About SOS Limited SOS is an emerging blockcha
NEW YORK, June 6, 2023 /PRNewswire/ -- 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 five hundred (500) Class A ordinary shares to one (1) ADS representing ten (10) Class A ordinary shares (the "ADS Ratio Change"). The ADS Ratio Change is expected to take place at the open of trading on June 16, 2023 (U.S. Eastern Time) (the "Effective Date") and is being effected simultaneously with the one-for-fifty share consolidation of the Company's Class A ordinary shares, par value US$0.005 each (the "Share Consolidation"), which was approved at the Company's annual general meet
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
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