Followers | 144 |
Posts | 10941 |
Boards Moderated | 0 |
Alias Born | 04/02/2006 |
![](https://investorshub.advfn.com/uicon/69574.png?cb=1512657362)
Friday, February 05, 2021 8:49:15 AM
Fri, February 5, 2021, 5:29 AM
QINGDAO, China, Feb. 5, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it has entered the framework agreement with Leibodong Hydropower Station ("Leibodong") in Hejiang, Luzhou, Sichuan Province, where hydropower resources are much richer and electricity prices much lower than the rest part of China. Pursuant to the agreement, Leibodong will supply SOS with electricity to its cloud crypto mining and big data center.
Leibodong is located in Dazuoba village, Fubao Town, Hejiang County, Luzhou, Sichuan Province. It is a level three cascade hydropower station of Dacao River Basin of Tang River, the first-level tributary of the upper Yangtze River. The normal water level of Leibodong is 560m, with the function of daily adjustments. Its adjustment capacity is 1.57 million m3. The actual installed capacity of the power station is 25000 KW, the average annual power generation is 99.8 million KW / h.
Pursuant to the agreement, Leibodong will supply electricity to a cloud crypto mining center to be built by SOS for a price between 0.22-0.38kW/h. The parties will enter into definitive agreement with respect to the price and other terms and conditions contemplated by the framework agreement. SOS expects the first shipment of crypto mining machine will be installed on or about Feb. 14, 2021.
SOS Chairman Yandai Wang commented, "one of the key success factors for cloud crypto mining is to secure cheap power in regions with rich renewable energy resources,. Southwest China, such as Sichuan province, is one of such regions. SOS will continue to search for cheap and sustainable electricity to execute its aspiring cloud crypto mining strategy."
About SOS Limited
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 and individual members, including marketing data, technology and solutions for emergency rescue services. SOS transforms digital technology into data-driven operations through the research and development of big data, cloud computing, Internet of Things, blockchain and artificial intelligence.
We have created a SOS cloud emergency rescue service software as a service (SaaS) platform with three major product categories: basic cloud, cooperative cloud, and information. This system provides innovative marketing solutions to clients such as 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.
SOS has obtained a national high-tech enterprise certification and the title of "big data star enterprise," awarded by Gui'an New District Government. Staying on the forefront of digital technology innovation, the Company has registered 99 software copyrights and 2 patents. For more information, please visit: http://www.sosyun.com/
Forward-Looking Statements
Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties;, SOS's estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities market acceptance of our products; the ultimate impact of the current Coronavirus pandemic, or any other health epidemic, on our business, our research programs, healthcare systems or the global economy as a whole; our intellectual property; our reliance on third party organizations; our anticipated financial and operating results, including anticipated sources of revenues; our assumptions regarding the size of the available market, benefits of our product offering, product pricing, timing of product launches; management's expectation with respect to future acquisitions; statements regarding our goals, intentions, plans and expectations, including the introduction of new products and markets; and our cash needs and financing plans and etc. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. SOS may not realize its expectations, and its beliefs may not prove correct. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year endedDecember 31, 2019. SOS's SEC filings are available publicly on the SEC's website at www.sec.gov. SOS disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.
More
View original content:http://www.prnewswire.com/news-releases/sos-ltd-enters-framework-agreement-with-leibodong-hydropower-station-in-hejiang--luzhou-city-sichuan-to-secure-cheap-and-renewable-electricity-for-its-cloud-crypto-mining-center-301222986.html
SOURCE SOS Limited
Motto: Feel the pain of discipline early or feel the pain of regret later..
Recent SOS News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/12/2024 08:05:03 PM
- SOS Limited Reports 2023 Financial Results • PR Newswire (US) • 05/15/2024 08:05:00 PM
- Agreement with Futura Vacanze for Lost Luggage Concierge and Dr. Travel Services • Business Wire • 04/17/2024 10:05:00 AM
- Accordo con Futura Vacanze per i servizi Lost Luggage Concierge e Dr.Travel • Business Wire • 04/17/2024 10:05:00 AM
- Sostravel.com Approves the Annual Financial Statement Draft as of December 31, 2023: Profit of €1.169 Million and Gross Booking Value Growth of 29.6% • Business Wire • 04/02/2024 05:01:00 AM
- UTILE DI 1,169 MILIONI DI EURO E GROSS BOOKING VALUE IN CRESCITA DEL 29,6% • Business Wire • 04/02/2024 05:01:00 AM
- Sostravel.com e Aviation Services rinnovano l’accordo per la vendita del servizio Lost Luggage Concierge negli aeroporti. • Business Wire • 03/21/2024 06:30:00 AM
- SosTravel.com and Aviation Services Renewed the Agreement to Sell the Lost Luggage Concierge Service at Airports • Business Wire • 03/21/2024 06:00:00 AM
- SOS Ltd. Announces Pricing of $7.85 Million Public Offering • PR Newswire (US) • 03/13/2024 01:15:00 PM
- SOS Ltd Provides Operating Update of its Super-Computing Centers in the U.S. • PR Newswire (US) • 03/08/2024 02:00:00 PM
- Form F-1/A - Registration statement for certain foreign private issuers: [Amend] • Edgar (US Regulatory) • 03/07/2024 02:30:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/06/2024 07:08:03 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/06/2024 06:43:35 PM
- Form F-1/A - Registration statement for certain foreign private issuers: [Amend] • Edgar (US Regulatory) • 01/23/2024 10:00:39 PM
- SOS Ltd. Announces Launch of Additional 1,500 mining rigs at its Super-Computing Center in Texas • PR Newswire (US) • 01/16/2024 01:44:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/28/2023 02:49:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/28/2023 02:33:29 PM
- Form 6-K/A - Report of foreign issuer [Rules 13a-16 and 15d-16]: [Amend] • Edgar (US Regulatory) • 12/13/2023 09:05:44 PM
- Form F-1 - Registration statement for certain foreign private issuers • Edgar (US Regulatory) • 12/12/2023 09:45:43 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/18/2023 08:05:13 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/02/2023 08:30:14 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/28/2023 08:05:49 PM
- SOS Limited Reports 2023 Interim Financial Results • PR Newswire (US) • 09/28/2023 08:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/07/2023 11:45:03 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/07/2023 11:22:15 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM