SOS (SOS) to Acquire the Majority Equity Interest of Three US-based Power Plants Aiming to Expand its Crypto-mining Operations into North America

SOS Ltd. Enters into a Non-Binding Letter of Intent to Acquire the Majority Equity Interest of Three US-based Power Plants Aiming to Expand its Crypto-mining Operations into North America

QINGDAO, China, April 12, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") an emerging blockchain-based and big data-driven marketing solution provider, announced today that SOS Information Technology New York, Inc., a wholly owned subsidiary of the Company, has entered into a non-binding letter of intent ("LOI") to acquire the majority of the equity interests of each of three US-based power plants for its planned crypto-mining operations in North America.

Pursuant to the terms of the LOI, the Company intends to acquire more than 51% of the membership interests of Sherman... More