Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SOS LIMITED

(SOS)
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

SOS Shares Drop 7% After JV for Cryptocurrency Mining Operations

06/21/2021 | 11:11am EDT

By Chris Wack

SOS Ltd. shares were down 7% to $3.39 Monday after the company said it entered into an agreement with New Jersey-based limited liability company Niagara Development LLC for a joint venture to be based in Niagara, Wisconsin.

The joint venture, FD LLC, is expected to carry out cryptocurrency mining operations and construct an international standardized Digital Super Computing Custody Operation Center, SOS said.

Niagara Development will be responsible for providing up to 150 megawatts of electricity, including electricity generated from renewable sources, and construction the Digital Super Computing Custody Operation Center. SOS said that it will be responsible for the management, operations and financing of the joint venture.

In response to developments in the laws and regulations pertaining to blockchain operations in China, SOS has begun shifting its bitcoin mining operations to the U.S. The majority of SOS' China operations, namely, its insurance businesses, call centers and ethereum mining businesses, remain unaffected and fully operational.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

06-21-21 1110ET

All news about SOS LIMITED
07/26EQS-NEWS : Invitation to Dufry's Half-Year Results 2021 Conference Call on 10th ..
DJ
07/20SOS : Stranded and shattered seafarers threaten global supply lines
RE
07/20Earnings Flash (SOS.L) SOSANDAR Posts FY21 Loss GBX-1.61
MT
07/20Earnings Flash (SOS.L) SOSANDAR Reports FY21 Revenue GBP12.2M
MT
07/06TWITTER : Asked to Explain Actions Against Hate Speech After French Court Petiti..
MT
07/06French court orders Twitter to provide details on what it is doing to tackle ..
RE
07/06French court orders Twitter to provide details on tackling hate content -Jewi..
RE
06/28PRESS RELEASE : Idorsia initiates the Phase 3 -2-
DJ
06/28PRESS RELEASE : Idorsia initiates the Phase 3 registration study with selatogrel..
DJ
06/21SOS : NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON JULY 26, 20..
PU
More news
Financials (USD)
Sales 2020 50,3 M - -
Net income 2020 4,40 M - -
Net cash 2020 0,14 M - -
P/E ratio 2020 16,4x
Yield 2020 -
Capitalization 500 M 500 M -
EV / Sales 2019 -
EV / Sales 2020 1,03x
Nbr of Employees 125
Free-Float 54,0%
Chart SOS LIMITED
Duration : Period :
SOS Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Managers and Directors
Yandai Wang Executive Chairman & Chief Executive Officer
Sing Leung Li Chief Financial Officer & Director
Wilson Qin Chief Technology Officer
Quasi Yao Director-Strategy & Operations
Doug L. Brown Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
SOS LIMITED80.41%500
BAJAJ FINANCE LIMITED17.05%50 400
SYNCHRONY FINANCIAL34.98%26 787
ORIX CORPORATION24.30%21 114
MUTHOOT FINANCE LIMITED30.90%8 390
ONEMAIN HOLDINGS, INC.26.04%8 162