SOS Limited (SOS)

[naturalborninvestor]

The company clearly stated that it intends to use the proceeds from the latest offering for corporate uses other than bitcoin mining operations. So, what's the point of predicting it will add another quadrillion rigs!? It would also be money badly spent. The mining business is already valued at an unsustainably high multiple, so better hope they can actually pull out an innovative business model in their legacy security/insurance sector.