QINGDAO, China, Feb. 5, 2021 /PRNewswire/ — SOS Restricted (NYSE: SOS) (the “Firm” or “SOS”) introduced at the moment that it has entered the framework settlement with Leibodong Hydropower Station (“Leibodong”) in Hejiang, Luzhou, Sichuan Province, the place hydropower sources are a lot richer and electrical energy costs a lot decrease than the remainder a part of China. Pursuant to the settlement, Leibodong will provide SOS with electrical energy to its cloud crypto mining and large information middle.
Leibodong is positioned in Dazuoba village, Fubao City, Hejiang County, Luzhou, Sichuan Province. It’s a stage three cascade hydropower station of Dacao River Basin of Tang River, the first-level tributary of the higher Yangtze River. The traditional water stage of Leibodong is 560m, with the operate of day by day changes. Its adjustment capability is 1.57 million m3. The precise put in capability of the ability station is 25000 KW, the typical annual energy era is 99.8 million KW / h.
Pursuant to the settlement, Leibodong will provide electrical energy to a cloud crypto mining middle to be constructed by SOS for a value between 0.22-0.38kW/h. The events will enter into definitive settlement with respect to the worth and different phrases and circumstances contemplated by the framework settlement. SOS expects the primary cargo of crypto mining machine will likely be put in on or about Feb. 14, 2021.
SOS Chairman Yandai Wang commented, “one of many key success components for cloud crypto mining is to safe low cost energy in areas with wealthy renewable power sources,. Southwest China, equivalent to Sichuan province, is one in every of such areas. SOS will proceed to seek for low cost and sustainable electrical energy to execute its aspiring cloud crypto mining technique.”
About SOS Restricted
SOS Restricted, via its working subsidiary, SOS Info Know-how Co., Ltd. (“SOS”) is a high-technology firm offering a variety of companies to its company and particular person members, together with advertising information, know-how and options for emergency rescue companies. SOS transforms digital know-how into data-driven operations via the analysis and growth of huge information, cloud computing, Web of Issues, blockchain and synthetic intelligence.
We’ve got created a SOS cloud emergency rescue service software program as a service (SaaS) platform with three main product classes: primary cloud, cooperative cloud, and knowledge. This method gives progressive advertising options to shoppers equivalent to insurance coverage corporations, monetary establishments, medical establishments, healthcare suppliers, auto producers, safety suppliers, senior residing help suppliers, and different service suppliers within the emergency rescue companies trade.
SOS has obtained a nationwide high-tech enterprise certification and the title of “large information star enterprise,” awarded by Gui’an New District Authorities. Staying on the forefront of digital know-how innovation, the Firm has registered 99 software program copyrights and a pair of patents. For extra info, please go to: http://www.sosyun.com/
Sure statements made herein are “forward-looking statements” throughout the which means of the “secure harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements could also be recognized by way of phrases equivalent to “anticipate,” “imagine,” “count on,” “estimate,” “plan,” “outlook,” and “challenge” and different related expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. Such forward-looking statements embody timing of the proposed transaction; the enterprise plans, aims, expectations and intentions of the events;, SOS’s estimated and future outcomes of operations, enterprise methods, aggressive place, trade setting and potential progress alternatives market acceptance of our merchandise; the final word influence of the present Coronavirus pandemic, or every other well being epidemic, on our enterprise, our analysis applications, healthcare techniques or the worldwide economic system as an entire; our mental property; our reliance on third social gathering organizations; our anticipated monetary and working outcomes, together with anticipated sources of revenues; our assumptions relating to the dimensions of the obtainable market, advantages of our product providing, product pricing, timing of product launches; administration’s expectation with respect to future acquisitions; statements relating to our targets, intentions, plans and expectations, together with the introduction of latest merchandise and markets; and our money wants and financing plans and and so on. These forward-looking statements replicate the present evaluation of current info and are topic to numerous dangers and uncertainties. Because of this, warning should be exercised in counting on forward-looking statements. SOS could not notice its expectations, and its beliefs could not show right. Because of identified and unknown dangers, our precise outcomes could differ materially from our expectations or projections. All forward-looking statements attributable to the Firm or individuals performing on its behalf are expressly certified of their entirety by these components. Apart from as required beneath the securities legal guidelines, the Firm doesn’t assume an obligation to replace these forward-looking statements.
Extra info regarding these and different components which will influence our expectations and projections may be present in our periodic filings with the SEC, together with our Annual Report on Kind 20-F for the fiscal yr endedDecember 31, 2019. SOS’s SEC filings can be found publicly on the SEC’s web site at www.sec.gov. SOS disclaims any obligation to replace the forward-looking statements, whether or not on account of new info, future occasions or in any other case.
SOURCE SOS Restricted