Rises on Q1 forecast

Deoleo SA

15/03/2021 16:08

** Shares of blockchain firm SOS Ltd  SOS.N  up ~17.8% at
$7.81
    ** Co says it expects to generate at least 41 Bitcoins and
909 Ether in Q1; SOS on Feb. 24 was awarded its first Bitcoin
from successful mining activities  urn:newsml:reuters.com:*:nPn6NNRfSa
    ** "Our output should grow in future quarters as we receive
and install our third batch of mining rigs and have a full
quarter of operations for our current rigs" - SOS Chief
Financial Officer Steven Li
    ** Co says installed its second fleet of 5,000
cryptocurrency mining rigs
    ** SOS's board also commissioned an independent review of
the co's cryptocurrency mining activities; as part of the
review, payments from multiple mining pools were traced to SOS
through the public Bitcoin and Ether blockchain ledgers
    ** SOS is up 427.7% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))