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Benzinga
Benzinga
Business
Henry Khederian

Why Bitcoin- And Ethereum-Related Stock SOS Limited Is Skyrocketing

SOS Limited Sos Ltd United States

Sos Ltd - ADR (NASDAQ:SOS) shares are trading higher by 59.92% at $0.68 after the company reported FY21 sales of $358.042 million, versus $50.317 million in FY20. SOS Limited also saw FY21 gross profit of $21.07 million, versus gross profit of $12.994 million in FY20.

SOS Limited says the company started generating revenue from mining pools in February 2021 and mined 174.28 units of BTC and 2,770.09 units of ETH by the end of the second quarter.

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