Seeking Alpha
2021-04-20 16:20:27

SOS inks purchase agreement for 575 cryptocurrency mining rigs

SOS ([[SOS]] -3.3%) entered into an agreement to purchase 575 cryptocurrency ETH mining rigs and is expected to obtain ~400 GH of ETF hash rate; rigs are expected to be delivered on or about Apr. 30, 2021.Despite global mining equipment shortage, the company has been able to secure mining capacity."We are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services and which will be a core part of our growth in 2021 and beyond," CEO Mr. Yandai Wang commented.

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