Sos Limited Stock Price, News & Analysis

SOS Limited (NYSE: SOS) has recently faced attacks from short sellers, who have made misleading and unsubstantiated claims against the Company. SOS contends these attacks aim to manipulate share prices for the benefit of short sellers. The Company is committed to defending its integrity and plans to enhance its investor relations capabilities. SOS is preparing a detailed response to these allegations and encourages inquiries regarding this situation. The Company emphasizes its dedication to transparency and ethical business practices.

SOS Limited (NYSE: SOS) has entered a three-year agreement with Leibodong Hydropower Station for leasing space to host crypto mining rigs in Luzhou, Sichuan. The deal covers approximately 1,350 square meters, accommodating around 3,500 mining rigs, at a rental cost of RMB 3.50 (about $0.54) per square meter per month. SOS aims to utilize cost-effective electricity and enhance its cloud crypto mining operations, emphasizing sustainable energy resources. This partnership aligns with SOS's expansion plans into cryptocurrency and big data solutions.

SOS Limited (NYSE: SOS) announced that accredited investors exercised warrants to purchase up to 23,880,000 American Depositary Shares (ADSs) at $4.05 each, expected to yield approximately $96.7 million in gross proceeds. These proceeds will support SOS's cloud cryptocurrency mining, security, and insurance business, as well as general corporate purposes. Additionally, new unregistered warrants for the purchase of up to 23,880,000 ADSs at $7.00 each will be issued, valid for five years. The offering was made under regulations exempting it from SEC registration.

SOS Limited (NYSE: SOS), based in Qingdao, China, announced on February 24, 2021, the receipt of 5,000 crypto mining rigs. These rigs are expected to generate approximately 175P of BTC Hash Power and 350G of ETH Hash Power, with a promising long-term ROI anticipated despite recent cryptocurrency price fluctuations. Chairman Yandai Wang remains optimistic about the upward trend in cryptocurrency values, citing institutional investor support. The company aims to expand its blockchain and cryptocurrency initiatives, supported by a significant membership base in China.

SOS Limited (NYSE: SOS) has announced the launch of 5000 crypto mining rigs, operational since February 23, 2021. These rigs are expected to generate approximately 175P of BTC hash power, with a significant potential ROI if performance aligns with expectations. Chairman Yandai Wang expressed optimism over rising institutional interest in cryptocurrencies like BTC and ETH, indicating plans for more cloud mining pools. SOS is a blockchain-focused company with a client base of around 20 million in China, and it is expanding its business into cryptocurrency mining and security.

SOS Limited (NYSE: SOS) has entered into a securities purchase agreement for a registered direct offering, raising $86 million by selling 8.6 million American Depositary Shares (ADS) and warrants. Each ADS and warrant is priced at $10.00, with the warrants exercisable immediately and expiring in five years. The company plans to use the proceeds for its cloud cryptocurrency mining venture and for general corporate purposes. The offering is expected to close around February 22, 2021.

SOS Limited (NYSE: SOS) has entered into a securities purchase agreement to raise $110 million through the sale of 22 million American Depositary Shares (ADS) and 16.5 million warrants. Each ADS is priced at $5.00, with warrants exercisable immediately and expiring in five years. The offering is expected to close by February 17, 2021. Proceeds will support the company's blockchain-based security and insurance technology and general corporate purposes. Maxim Group LLC is acting as the placement agent for the offering.

SOS Limited (NYSE: SOS) announced the early receipt of 5,000 cryptocurrency mining rigs on February 9, 2021, five days ahead of schedule. This first batch is expected to generate approximately 175P of BTC hash power and 350G of ETH hash power. With current cryptocurrency market trends, the annual ROI could be significant. The seller confirmed sufficient inventory for future shipments. SOS aims to expand its business into cryptocurrency mining, enhancing its position in the blockchain technology sector.

SOS Limited (NYSE: SOS) announced that accredited investors will exercise warrants to purchase up to 23,880,000 American Depositary Shares (ADSs) at $2.00 each, raising approximately $48 million before fees. The warrants, exercisable into 23,880,000 ADSs at $4.05 each, have a five-year term. Proceeds will fund SOS's blockchain-based cryptocurrency mining, security and insurance technology, and general corporate use. Maxim Group LLC serves as the exclusive financial advisor. The ADSs are registered under SEC regulations, and a registration statement for resale will be filed.