SOS Limited (SOS) Stock Forecast: Purchase of power plants p

SOS Limited (SOS) Stock Forecast: Purchase of power plants propels shares, charts still bearish


4/12/2021 2:18:54 PM GMT
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By Yohay Elam
Sos Ltd's shares have been rising by some 7% in response to upbeat news. 
The blockchain company has announced the purchase of three US-based power plants.
Expanding its digital mining operations may boost the firm's fortunes.
NYSE: SOS shares are still down on the month.
What does a cryptocurrency company need apart from the rising prices of digital coins? In the case of SOS Ltd. (NYSE: SOS), the answer is more mining power. THe China-based firm has announced that it signed a letter of intent to purchase three power plants, allowing it to expand its operations.

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