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SOS Limited Reports 2024 Financial Results

  • SOS Limited reported its full-year financial results for 2024 on May 15, 2025, covering operations mainly in commodity trading, cryptocurrency mining, and hosting services.
  • The company’s strategic pivot involved focusing on facility upgrades and commodity expansion, while cryptocurrency mining revenue fell due to a Texas facility shutdown in early 2024.
  • Commodity trading revenue surged 92.6% to $214.3 million, driven by robust domestic demand and addition of rubber and coal products, while cryptocurrency mining revenue halved to $9.3 million.
  • The company held 736.75 units of BTC at year-end 2024, increasing its holdings by 61.10 units, and reported a $21.6 million operating loss with GAAP EPS of $ per share.
  • SOS Limited stated its cash of approximately $239.5 million supports current operations and near-term needs, though additional funds may be needed due to potential business changes.
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SOS Limited Reports 2024 Financial Results

SOS Limited Reports 92.6% Surge in Commodity Trading Revenue Amid Strategic PivotCryptocurrency Mining Revenue Halves as SOS Focuses on Facility Upgrades and Commodity Expansion

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Charleston Gazette-Mail broke the news in Charleston, United States on Thursday, May 15, 2025.
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