Why SOS is extremely undervalued and is worth >$26

ShawnTrades
2021-03-11

$SOS Limited(SOS)$

The true value of SOS is >$26, Let me give you a perspective of how much SOS is worth comparing to its competitors;

Using a bitcoin price of ~$54.2k and eth of $1.83k:

$Marathon Digital Holdings Inc(MARA)$- Currently has 1.01 eh/s which is $356k a day in revenue. But note that Mara is expected to increase this to 1.4 eh/s by the end of march

$Riot Blockchain, Inc.(RIOT)$ - Currently has 1.06 eh/s which is $373k a day in revenue

SOS hashrate - With all ~15600 machines set up - 527P btc and 1056G ETH, which is $199k and $110K respectively ($309k total). With just the first 5000 the revenue is $99k, with 10000 set up it is $198k. Currently they have the first 5000 set up and are working on the 2nd 5000 so we should be at $198k soon.

Mara's market cap is $3.43B at a $36.5 price. Riot's market cap is $3.52B at a $52.1 price. SOS has a market cap of $762mil at a $6.6 price.

Compared to Mara:

5000 miners: SOS's revenue is 28% of Mara's. 28% of Mara's market cap is $0.95B. $0.95B divided by 115mil outstanding SOS shares is a share price of $8.26

10000 miners: SOS's revenue is 56% of Mara's. Expected share price: $16.51

All miners: SOS's revenue is 87% of Mara's. Expected share price: $25.76

Compared to Riot:

5000 miners: SOS's revenue is 26% of Riot's. (Same math as above) Expected share price: $8.07

10000 miners: SOS's revenue is 53% of Riot's. Expected share price: $16.05

All miners: SOS's revenue is 83% of Riot's. Expected share price: $25.19

These estimates only take mining revenue into account, it doesn't account for the other businesses SOS is doing nor does it account for the like $300M - $500M of cash SOS is supposed to have on hand, mainly because I don't know how much cash MARA and RIOT have on hand. We're still undervalued for just 5000 miners online, and we're way way undervalued for when the other 5000 miners come online either this week or the next week.

In Summary, SOS is extremely undervalued and could potentially be driven up to $26 or more once all mining rigs are fully installed. 

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.

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Comment（13）

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  • 昱达
    ·2021-03-11
    造假不要有必要 通过募资买矿机就可以挖矿 干嘛冒大风险去造假呢？
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    • ShawnTrades: 
      Once we get the hedge funds to stop shorting and sabotaging the company, the price would go x10
      2021-03-11
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  • 不一样的焰火
    ·2021-03-12
    其实我个人觉得中概股的最大风险还是来自财务造假
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    • justSsssss: 
      我现在对中概也是很失望 被sos ebon都坑过一遍 换到riot mara上面了
      2021-04-14
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    • ShawnTradesReplying toDisiaosiao: 
      Pcaob is stricter as compared to SGX haha
      2021-03-13
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    • Disiaosiao: 
      Not US shares. singapore shares ... all chinese companies come and cheat our money
      2021-03-12
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  • Jackie01
    ·2021-03-15
    $SOS Limited(SOS)$ yes undervalued, get in before others do
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  • 2022一个小目标
    ·2021-03-29
    Ok, finding good timing to enter before too late
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