• 140
  • 61
  • Favorite

SOS Limited jumped nearly 22%

Tiger Newspress2021-03-15

(March 15) SOS Limited stock surges nearly 22% after the company said itexpects to generateat least 41 bitcoin (BTC-USD) and 909 Ether(ETH-USD) in Q1 2021 after mining its first bitcoin on Feb. 24, 2021.

"Our output should grow in future quarters as we receive and install our third batch of mining rigs and have a full quarter of operations for our current rigs," SOS Chief Financial Officer Steven Li said in at statement.

The company installed its second fleet of 5,000 mining rigs and expects its combined fleet to have the capacity to calculate an average of 353 Peta-Hashes per second (PH/s) for mining bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether.

Its board also commissioned an independent review of the company's cryptocurrency mining activities. As part of the review, payments from multiple mining pools were traced to SOS through the public bitcoin and ETH blockchain ledgers.

Recall that in February, short seller Culper Research saidit consideredSOS shares "worthless," alleging that SOS's claims around its cryptocurrency mining purchases and acquisition appeared to be "extremely problematic."

The company also said the review validated SOS's control over certain electronic wallets and that the rate of bitcoin and ETH payouts received in those wallets was generally consistent with the expected productivity of its deployed fleet based on its hash rate capacity.

Bitcoin pulls back to about $56.6K after topping $60K over the weekend; Ether is also down in Monday trading (~3.8% to $1,786.83).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment61

  • Kikilala
    ·2021-03-16
    powerful man !!!
    Reply
    Report
  • MySunshine
    ·2021-03-16
    Pls like and comment
    Reply
    Report
    Fold Replies
    • cc_goh
      ......
      2021-03-16
      Reply
      Report
  • xoxoll
    ·2021-03-16
    Help me like and comment
    Reply
    Report
    Fold Replies
    • xoxoll
      Good
      2021-03-17
      Reply
      Report
    • Xiaolongbao
      Reply ols
      2021-03-16
      Reply
      Report
  • BellaEng
    ·2021-03-16
    Go higher
    Reply
    Report
    Fold Replies
    • SKHan
      More
      2021-03-16
      Reply
      Report
    • xoxoll
      Help me like And comment
      2021-03-16
      Reply
      Report
    • BellaEng
      ??
      2021-03-16
      Reply
      Report
    View more 1 comments
  • MRMR
    ·2021-03-16
    good
    Reply
    Report
    Fold Replies
    • xoxoll
      Help me like and comment
      2021-03-16
      Reply
      Report
  • FT585
    ·2021-03-16
    ?
    Reply
    Report
  • Nice
    Reply
    Report
  • leexy
    ·2021-03-16
    Like and comment 
    Reply
    Report
    Fold Replies
    • WoBuZhiDao
      Ok
      2021-03-16
      Reply
      Report
    • Fumiyo
      ok
      2021-03-16
      Reply
      Report
  • AJ1977
    ·2021-03-16
    Kindly comment
    Reply
    Report
    Fold Replies
    • Visionaire91
      please do the same
      2021-03-16
      Reply
      Report
    • leexy
      Ok
      2021-03-16
      Reply
      Report
  • tzm88
    ·2021-03-16
    Yes!
    Reply
    Report
  • AJ1977
    ·2021-03-16
    Apple still way to go to reach 150
    Reply
    Report
    Fold Replies
    • hoa
      yah apple will be slow
      2021-03-16
      Reply
      Report
    • AJ1977
      Go go go!!
      2021-03-16
      Reply
      Report
  • CubTrader
    ·2021-03-16
    Another Bitcoin company to look out for?
    Reply
    Report
    Fold Replies
    • hoa
      yes, lets ride the wave
      2021-03-16
      Reply
      Report
  • HMKUAN
    ·2021-03-16
    Wow
    Reply
    Report
  • Glenna
    ·2021-03-16
    hope to see it up again 
    Reply
    Report
  • Westboy
    ·2021-03-16
    [得意] 
    Reply
    Report
  • Chriz
    ·2021-03-16
    Superb
    Reply
    Report
    Fold Replies
    • Chriz
      Gogogo
      2021-03-16
      Reply
      Report
  • TriciaChang
    ·2021-03-16
    Support!!!!!! 
    Reply
    Report
  • Nsim
    ·2021-03-16
    Moon!
    Reply
    Report
    Fold Replies
    • Chriz
      Ya.. to the moon
      2021-03-16
      Reply
      Report
  • Xkuanx
    ·2021-03-16
    Great news
    Reply
    Report
    Fold Replies
    • DBZ
      Yes
      2021-03-16
      Reply
      Report
    • Azac
      Indeed inDeed
      2021-03-16
      Reply
      Report
  • Miss train [生氣] 
    Reply
    Report
    Fold Replies
    • Yyangyang
      Same.
      2021-03-16
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial