QINGDAO, China, Jan. 13, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced its crypto mining plan. SOS plans to invest heavily in the crypto mining business to take advantage of the growing investors’ realization of the values and potentials of the crypto assets.

Dr. Huazhong (Eric) Yan, Vice President of Operation who spearheads the Company’s planned cryptocurrencies security and insurance operation will also be responsible for the crypto mining business. The Company plans to have him lead a team to come up with a detailed plan of setting up a series of cloud crypto mining sites in the regions where energy costs are much lower and clean energy resources much more, such as Sichuan, Gan su, Xinjiang, Yun nan ,Inner Mongolia, etc. Initially, SOS anticipates focusing on the mining of the key mainstream cryptocurrencies, such as BTC, etc. If that venture develops as planned, we plan to expand mining further to the full coverage of all of mainstream cryptocurrencies. In addition, SOS also plans to provide a variety of cloud based crypto mining services, such as SOS self-mining, miner trusteeship, cryptocurrency-related DeFi, security and insurance services for cryptocurrencies, etc.

SOS Chairman Yandai Wang commented, "We expect that SOS’s planned cloud based crypto mining and crypto currency security and insurance operation spearheaded by Dr. Yan, will become one of key growth drive of SOS.”

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 is focused on 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, including basic cloud (medical rescue card, car rescue card, financial rescue card, mutual assistance rescue card), cooperative cloud (information rescue center, intelligent big data, intelligent software and hardware), and information cloud (News Today, E-Commerce Today). This system provide marketing-related data, technology solutions, and technology-driven big data 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, the title of "big data star enterprise" awarded by Gui'an New District Government, and has registered 96 software copyrights and 2 patents. For more information, please visit: http://www.sosyun.com

Forward-Looking Statements

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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 ended December 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.

SOURCE SOS Limited