SOS Limited announced that the company has entered into an agreement to purchase 575 cryptocurrency ETH mining rigs. Under the terms of the agreement, the Company is expected to obtain approximately 400 GH of ETH hash rate. The mining rigs are expected to be delivered on or about April 30, 2021.
Recommended AI News: Imvision Joins the Boomi Technology Partner Program, Provides Customers with Advanced API Security
This purchase is another step in implementing SOS’ cryptocurrency mining strategy. The Company is pleased it has been able to secure mining capacity during this global mining equipment shortage.
Recommended AI News: Liquid Mortgage Raises Seed Round Funding to Further Develop Its Blockchain Technology for the Future of the Mortgage Industry
Mr. Yandai Wang, CEO of SOS, commented, “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”.
Recommended AI News: Circle Selects Signature Bank for USDC Integration and Reserve Balances
Comments are closed.