SOS Limited Reports Bitcoin Mining Suspension Amid Losses

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4 hours ago

Bitcoin Mining Suspension at SOS Sparks Focus on Hosting Services

SOS Limited (NYSE: SOS), a crypto service and commodity trading company, has temporarily suspended its internal Bitcoin-mining operations. The company explained that the Bitcoin Mining Suspension step was taken to optimize infrastructure and electricity use while focusing on third-party hosting services, which are seeing stronger demand.

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Source: PR Newswire

Why Did SOS Stop Its Bitcoin Mining?

Bitcoin mining requires a large physical space and heavy electricity consumption. In its semiannual result, the firm said that resources are better used to support hosting services for third-party clients rather than its own token harvesting rigs.

Hosting is currently a growing business segment worldwide, and SOS-Limited believes it can secure steady revenue from providing infrastructure for other miners.

Stock Reaction & Company Performance

On September 26, SOS stock closed at $1.95, down about 3.94% for the day. However, following the release of its earnings report, shares surged 17.95% in after-hours trading to $2.30, signaling that some investors are still optimistic.

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Source: Google Finance

SOS’s revenue in the first half of 2025 was $89.6 million, up 48.1% year-on-year. Most revenue came from commodity trading, while hosting services made up just 4.3%. However, the company reported a net loss of $14.2 million due to rising costs, weaker commodity pricing, and losses in other segments.

What Happened to Other Firms That Halted Mining?

SOS-Limited is not alone in suspending coin generation:

  • Bitfarms had to shut down its Argentina site after power was cut, losing 13% of its hash power.

  • Hut 8 closed its Drumheller facility in Canada due to high energy costs, choosing to move machines to cheaper sites.

  • During past bear markets, several miners including Compute North and Celsius-Mining went bankrupt when operations became unsustainable.

These examples show that stopping or scaling back mining often leads to short-term pain but may protect companies from deeper losses.

Mining Through Third Party: Is It A Risk Welcoming?

Taking third-party support for the in-platform activities surely an efficient way to enhance capability in a sustainable way. But the risks, which come attached to it, can't be ignored.

Third-party hosters often resulted in the threat for many platforms including well known ones. Their vulnerable codes are easy to exploit and act as a gateway for attackers.

But their need in the industry is as equivalent as the market’s existence. They work as a lifeline for many companies. So, what should be improved are the close vigilance and strong analytics to avoid risks.

Conclusion

SOS Limited’s decision to suspend Bitcoin mining highlights the tough choices crypto firms face between costly self-mining and profitable hosting models. While revenue from commodities trading grew, losses widened, and the future now depends on whether it can turn hosting into a strong, reliable business.

The question remains: Will hosting-services secure SOS’s place in the crypto market . or will the absence of self-mining weaken its long-term position?

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