QINGDAO, China,
April 12,
2022 /PRNewswire/ -- SOS
Limited (NYSE: SOS) (the "Company" or "SOS") today announced launch
of its Super-Computing and Hosting Center in
Wisconsin.
Over the past nine months, SOS management and its US
team have been diligently developing its Super-Computing and
Hosting Center in Wisconsin.
Currently, SOS, through its majority owned joint venture, FD LLC,
has secured a power supply of 25 MW at its facility in Price County Wisconsin, which is expected to
be increased to 37MW after certain system improvements are
completed.
The Center is designed to host
super-computing servers inside mobile
smart containers which are also called containerized data centers.
These containers hold the complete technological infrastructure of
a classic data center, but are housed in a steel container.
Pictures of these self contained data centers can be found on the
SOS website,
(http://www.sosyun.com/).
Currently SOS has 31 mobile smart containers in Wisconsin.
The initial step of Phase I of the Center is complete.
It has a capacity of 5MW and is currently hosting 4 mobile
containers. This provides for the operation of up to 2,500
super-computing servers. The final step of Phase I will add an
additional 20MW capacity and is expected to completed in the June
timeframe. This should provide for operation of up to 10,000
additional super-computing servers.
Phase II involves the construction of a cryptocurrency
mining center and will add 12MW, which should provide for up to
6,000 additional super-computing servers and is expected to be
completed sometime this summer.
Mr. Yandai Wang, CEO and Chairman of SOS,
commented, "the initial launch of our
mobile smart data hosting center solidifies our ongoing strategic
transformation and our continued investment in North America. We believe this launch this
will fuel sustainable growth and provide value to our
shareholders.
About SOS Limited
SOS is an emerging marketing solution provider based on
blockchain and big data drive. It is also engaged in blockchain and
cryptocurrency business. At present, it includes cryptocurrency
mining and may be extended to cryptocurrency security and insurance
in the future. Since April 2021, we
have carried out commodity transactions through our subsidiary SOS
International Trading Co., Ltd. (the core infrastructure of SOS
marketing data). The technologies and solutions of insurance and
emergency rescue services are based on big data, blockchain based
technology, cloud computing, artificial intelligence, satellite and
5G network. SOS has created a cloud
"software as a service (SaaS)" platform for emergency rescue
services. The products are divided into three categories: basic
cloud, cooperative cloud and information cloud. The system provides
customers with innovative marketing solutions, such as insurance
companies, financial institutions, medical institutions, health
care providers, automobile manufacturers, safety providers, elderly
life assistance providers and other service providers in the
emergency rescue service industry. For more information, visit:
http://www.sosyun.com/ .
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Federal
Securities Act, including but not limited to our expectations of
future financial performance, business strategy or business. These
statements constitute forecasts, prospects and forward-looking
statements and are not performance guarantees. SOS warns that
forward-looking statements are subject to many assumptions, risks
and uncertainties that will change over time. Forward looking
statements may be identified by words such as "may", "can",
"should", "will", "estimate", "plan", "project", "forecast",
"intend", "expect", "predict", "believe", "seek", "target",
"Outlook" or similar words. Specifically, forward-looking
statements may include statements related to the following matters
of the Company:
- Ability to implement its business plan;
- Changes in SOS product and service market;
and
- Expansion plans and opportunities.
These forward-looking statements are based on information
available as of the date of this press release and our management's
current expectations, forecasts and assumptions, and involve a
number of judgments, risks and uncertainties that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking
statements.
These risks and uncertainties include, but not are limited
to, the risk factors described by SOS in its filings with the
Securities and Exchange Commission ("SEC"). These risk factors and
those identified elsewhere in this press release, among others,
could cause actual results to differ materially from historical
performance and include, but are not limited to:
- Local government's policies and regulatory oversight of
crypto currency mining operation and our other
operations;
- SOS's blockchain and
supercomputing, commodity trading and marketing solutions
businesses are still under development, with many uncertainties in
the future direction and integration of these various business
segments;
- Failure to manage the newly launched commodities trading
business effectively;
- Loss of key customers in the commodity trading
business;
- failure to access a large quantity of power at reasonable
costs could significantly increase SOS operating expenses and
adversely affect our clients' demand for SOS's super-computing
hosting services and our own mining activities;
- any significant or prolonged failure in the data
warehouse facilities and data mining facilities that SOS operates
or services it provides, including events beyond its control, would
lead to significant costs and disruptions and would reduce the
attractiveness of its facilities, harm its business reputation and
have a material adverse effect on its results of
operation;
- security breaches or alleged security breaches of our
data warehouses could disrupt SOS operations and have a material
adverse effect on its business, financial condition and results of
operation; uncertainty in global supply chain and international
shipping and
- other risks and uncertainties indicated in SOS's SEC
reports or documents filed or to be filed with the SEC by
SOS.
Accordingly, forward-looking statements should not be
relied upon as representing our views as of any subsequent date,
and you should not place undue reliance on these forward-looking
statements in deciding whether to invest in our securities. We do
not undertake any obligation to update forward-looking statements
to reflect events or circumstances after the date they were made,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities
laws.
View original
content:https://www.prnewswire.com/news-releases/sos-ltd-announces-launch-of-north-america-operations-with-opening-of-its-super-computing--hosting-center-in-wisconsin-301523787.html
SOURCE SOS Limited