SOS

What SOS does

SOS Limited (NYSE: SOS) is a Cayman Islands-incorporated technology company that operates a cloud-based emergency rescue services SaaS platform serving approximately 20 million individual members across China and providing big data marketing, technology, and rescue solutions to enterprise clients in insurance, financial services, healthcare, automotive, and security industries. The company historically generated the majority of its revenue from insurance marketing data services ($49.2M of $50.3M in FY2020) and has since expanded into cryptocurrency mining, digital asset exchange (via US FinCEN and Canadian FINTRAC MSB licenses), commodity trading, and enterprise AI infrastructure.

The core platform is organized into three cloud tiers: Basic Cloud (medical, vehicle, financial, and mutual assistance rescue cards for individual members), Cooperative Cloud (information rescue center, intelligent big data, and intelligent software/hardware for enterprise clients), and Information Cloud (news and e-commerce modules). Supporting products include mobile applications (SOS Cloud Attendance, Insurance Station, Forever VIP APP, Yunzhi Life APP), medical apparatus products, and the recently launched SosBot 1.0 enterprise AI agent platform built on Local-First architecture. Infrastructure assets span a Leibodong Hydropower Station site in Sichuan (China), Wisconsin and Niagara JV sites in the US for crypto mining, and a planned Tier III modular data center at Longfellow Ranch, Texas scaling from 10 MW to 100 MW.

The business model combines B2B data and SaaS subscriptions to enterprise clients, B2C membership-based rescue services, and operational revenue from cryptocurrency mining and emerging digital infrastructure services. The company raised over $400M in 2021 to fund the crypto mining pivot, but subsequent small equity raises ($7.85M in 2024, $7.5M in 2025) and a January 2022 NYSE non-compliance notice for sub-$1 trading indicate capital and governance pressure. SOS is led by Chairman and CEO Yandai Wang, CFO Steven Li, and includes independent directors with backgrounds at Morgan Stanley, Hewlett-Packard, and other major institutions.

Name

SOS

Legal name

SOS Limited

Website

https://service.sosyun.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

SOS Limited (NYSE: SOS) operates a cloud-based emergency rescue SaaS platform serving 20M+ Chinese members and providing big data marketing solutions to insurance, financial, and healthcare enterprises, while also running cryptocurrency mining operations and developing US digital infrastructure and AI agent products.

Ownership category

akta.pro rank

Product category

Emergency Rescue and Insurance Technology SaaS

NAICS

Computer Facilities Management Services (541513), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

IT Service Management (ITSM) Platforms (HDAEALAA)

akta.pro secondary industries

Data Center Operations & Managed Services (Remote Hands, NOC/SOC) (HDABANAA), IT Knowledge Management & Service Desk Platforms (HDAEALAH), Security, Safety & Fire/Life Safety Management (BPABAAAE)

Keywords

• Emergency rescue services
• Insurance marketing data
• Cloud computing platform
• Big data services
• Digital infrastructure

Headquarters

HQ city

Qiandao

HQ country

China

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Insurance Marketing Revenue: Primary revenue driver representing $49.2 million in FY2020, a 325.2% increase over prior year. Provides marketing data, technology solutions, and services to insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, and senior living assistance providers.
2. Customer Hotline Services: Revenue from telecommunications call services, bank card call center services, and SaaS services totaling $0.9 million, $0.08 million, and $0.06 million respectively in FY2020.
3. Cryptocurrency Mining Operations: Revenue from cryptocurrency mining operations using Bitcoin and Ethereum mining rigs, generating approximately 527 PH/s for BTC and 1,456 GH/s for ETH mining capacity.
4. Digital Asset Exchange: Planned digital asset exchange services with MSB licenses obtained in US and Canada for cryptocurrency exchange, money transfers, and foreign exchange services.
5. Commodity Trading: Commodity trading business launched in April 2021 via subsidiary SOS International Trading Co. Ltd.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

SOS Limited operates a cloud-based SaaS platform providing emergency rescue services, insurance marketing data, and big data technology solutions to enterprise clients in insurance, financial, healthcare, and automotive sectors. The platform serves approximately 20 million individual members in China with rescue cards and membership services. The company has expanded into cryptocurrency mining, digital infrastructure (Tier III modular data centers), and an enterprise AI agent platform (SosBot 1.0).

Product overview

SOS Limited operates a multi-layered cloud-based SaaS ecosystem centered on emergency rescue services and insurance technology. The core platform consists of three integrated cloud tiers: Basic Cloud (offering medical rescue cards, car rescue cards, financial rescue cards, and mutual assistance rescue cards), Cooperative Cloud (providing information rescue center, intelligent big data analytics, and intelligent software/hardware solutions), and Information Cloud (News Today and E-Commerce Today). The company also provides mobile applications including SOS Cloud Attendance, Insurance Station, Forever VIP APP, and Yunzhi Life APP, along with medical apparatus products. Recently, SOS has expanded into digital infrastructure with Tier III modular data centers and enterprise AI solutions through SosBot 1.0, transitioning from its legacy cryptocurrency mining operations.

Differentiator

Problem solved

Functional benefit

Products and services

• SOS Cloud Emergency Rescue Service SaaS Platform
• SosBot 1.0
• Tier III Modular Data Center (Longfellow Ranch, Texas)
• Cryptocurrency Mining Operations
• Digital Asset Exchange
• Commodity Trading
• Medical Apparatus Products
• SOS Cloud Attendance
• Insurance Station
• Forever VIP APP Exclusive insurance application for Android and iOS developed by Yongbao Insurance Agency Co., Ltd., connecting with multiple insurance companies.
• Yunzhi Life APP WeChat public account system featuring yunzhi cabinet, intelligent access control, palm business hall, real-time traffic condition, palm commuting, bureau communication, medical services, and cloud convenience store.

Quantifiable outcome

• Revenue of $50.3 million in FY2020, representing 333.6% increase year-over-year
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered major, minor and core.

• Lepu Sodium Power (Shanghai) Technology Co., LtdmajorStrategic or Co-development Partner · 11 February 2025Strategic framework agreement for Lepu Sodium Power to provide electricity optimizing solutions to SOS for its computing and data centers, marking collaboration in green solution energy field.
• Niagara Development LLCmajorStrategic or Co-development Partner · 21 June 2021Joint venture FD LLC for cryptocurrency mining operations and construction of Digital Super Computing Custody Operation Center. Niagara Development provides up to 150MW of electricity including renewable sources. SOS manages operations and financing.
• Sherman Development LLCminorOthers · 12 April 2021Non-binding LOI to acquire majority equity interest (>51%) of US-based power plant with recycling power plant in Stacyville, ME with claimed capacity of 24 MW for planned crypto-mining operations.
• Park Falls Management LLCminorOthers · 12 April 2021Non-binding LOI to acquire majority equity interest (>51%) of US-based natural gas power plant in Park Falls, WI with claimed capacity of 20 MW for planned crypto-mining operations.
• Qingdao Ronghe Finance Holding Group Co., LtdcoreStrategic or Co-development Partner · 29 March 2021Joint venture to form SOS Ronghe Digital Technology Co., Ltd. for establishing first large-scale supercomputing center in Qingdao. Registered capital of approximately $9.174 million with SOS contributing 51% and Ronghe contributing 49%. Focus on cloud computing, high performance computing, big data, blockchain and cryptocurrency activities.
• HY International Group New York Inc.minorOthers · 11 February 2021US affiliate of seller that provided 15,645 used cryptocurrency mining rigs for the company's mining operations. HY International established as contractual counterparty to preserve seller's confidentiality.
• Leibodong Hydropower StationcoreOthers · 5 February 2021Framework agreement to secure cheap and renewable electricity for cloud crypto mining center at Hejiang County, Luzhou, Sichuan Province. Leased approximately 1350 square meters of space from the hydropower station to establish cryptocurrency mining operations.
• Zhonglu Property and Casualty Insurance Co., LtdcoreStrategic or Co-development Partner · 28 December 2020Strategic cooperation agreement for big data precision marketing, insurance product promotion, and big data intelligent analysis. Projected to create 10-20 million new members over 5 years with RMB 5.1 billion in sales. SOS has nationwide membership base of approximately 20 million with 100+ offline rescue service providers.
• Qingdao West Coast Healthcare Development Group Co., LtdcoreStrategic or Co-development Partner · 16 December 2020Strategic cooperation in health management, virtual healthcare, drug and medical device circulation, senior care, and commercial insurance. Founded 2018 with RMB 500 million registered capital, 3000+ cooperative hospitals and 100+ senior centers. Projected to add 3M, 7M, and 10M users in 2021, 2022, 2023 respectively.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• ZhongAn Online P&C Insurance: Hong Kong-listed Chinese insurtech providing online insurance products and big-data-driven underwriting. Directly comparable to SOS's insurance marketing and emergency rescue SaaS business serving Chinese insurers and consumers.
• Marathon Digital Holdings: US-listed pure-play Bitcoin miner with significant hash rate capacity. Comparable to SOS's crypto mining operations (527 PH/s BTC capacity) and ongoing US data center strategy.
• Riot Platforms: US-listed Bitcoin miner with large-scale Texas-based mining operations. Directly comparable to SOS's Texas data center strategy and US crypto mining footprint.
• Hut 8 Corp: North American crypto miner expanding into HPC and AI data center hosting. Highly relevant peer given SOS's strategic pivot from mining to AI/cloud data center services.
• Core Scientific: US-listed crypto miner emerging from bankruptcy with a hybrid model spanning Bitcoin mining and AI/HPC colocation hosting. Closely parallels SOS's stated strategy of converting mining infrastructure into AI data center capacity.
• Iris Energy: Renewable-powered Bitcoin miner with sites in Texas, British Columbia, and Childress. Comparable to SOS's renewable-energy emphasis (>90%) and Tier III data center infrastructure plans.
• Bitfarms: Vertically integrated Bitcoin miner with North American operations and HPC/AI hosting ambitions. Comparable peer given SOS's similar geographic footprint and HPC pivot.

Broad incumbents

• Equinix: Global Tier III/IV data center colocation leader. Represents the established incumbent that SOS's Texas modular data center ambitions would compete against for AI/cloud enterprise customers.
• Digital Realty Trust: Large-scale global data center REIT. Broader incumbent comparable to SOS's enterprise data center strategy, especially given SOS's pitch of modular, faster-to-build facilities.

Emerging players

• Lemonade: AI-driven insurance technology company. Adjacent peer demonstrating the AI/insurance convergence thesis that underpins SOS's SosBot 1.0 launch and insurance marketing data business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries11 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SOS