SOS Limited Rockets 425% YTD on Crypto Rally: Still a Buy?

The continued frenzy in the crypto markets has also created a fertile market for many crypto-related stocks and one of the stocks that have done particularly well is SOS Limited (NYSE: SOS).

SOS Limited Rockets 425% YTD on Crypto Rally: Still a Buy?

The SOS stock has rallied strongly this year and gone up by as high as 425% so far. Earlier this week, the company made another announcement that could prove to be a major boost for the stock as well. On February 23, SOS announced that the 5000 PCS of crypto mining rigs finally went live.

The crypto rigs which went live were the first tranche of the order from SOS that was delivered on February 9. The batch that went live can manage to generate as much as 175P BTC Hash Power, provided the machine operates at its capacity. The chairman of the company Yandai Wang stated that institutional investors are now coming into cryptocurrencies like Bitcoin and hence, the price could continue to rise.

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life