Sos Ltd
service.sosyun.comWhat Do They Do?
Trades commodities such as mineral resin, soybeans and wheat for buyers. Provides hosting services to third-party cryptocurrency miners.
20-F for FY2025, filed May 15, 2026
How Do They Make Money?
SOS buys commodities from suppliers and resells them to buyers, earning the price difference when goods are delivered and title passes. It also earns hosting fees from third-party miners.
20-F for FY2025, filed May 15, 2026
-
20-F for FY2025, filed May 15, 2026
FY2025 revenue by product or service ↗
$154.3M
-
20-F for FY2025, filed May 15, 2026
$154.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Commodity trading
Sold outright
20-F for FY2025, filed May 15, 2026 |
94%
FY2022: 98%
|
Commodity trading, FY2025
$145M Sources
|
Sold outright |
|
Hosting service
|
4.9% |
Hosting service, FY2025
$7.5M Sources
|
|
|
Other
|
1.2%
FY2022: 1.6%
|
Other, FY2025
$1.8M Sources
|
Who Are Their Customers?
Serves large businesses and small and medium-sized enterprises in China. Its commodity trading connects suppliers and buyers, while its hosting customers are third-party cryptocurrency miners.
20-F for FY2025, filed May 15, 2026The Company provides substantially all of its services to large businesses and small and medium-sized enterprises (“SMEs”) in China. The…View ↗
Our commodities trading business is our primary revenue-generating segment. For the fiscal year ended December 31, 2025, commodities…View ↗
In 2025, we temporarily shut down mining operations as the mining rigs were no longer cost-effective, and we transitioned to attracting…View ↗
Do Revenues Turn Into Profits?
No. It lost $97.3M in FY2025.
20-F for FY2025, filed May 15, 2026
−$98.6MView ↗
20-F for FY2025, filed May 15, 2026
−$97.3MView ↗
20-F for FY2025, filed May 15, 2026
−$246.5MView ↗
How Are They Changing?
Shrinking. Revenue fell 47% in 4 years, from $290.8M in FY2021 to $154.3M in FY2025, about 15% a year.
From data services to commodities
The older report describes an acquired data-mining and targeted-marketing services business; the latest makes commodities trading primary and explains its supplier-buyer transactions.
20-F for FY2022, filed May 18, 2023 20-F for FY2025, filed May 15, 2026On May 5, 2020, we entered into a set of agreements with YBT (Yongbao Two Ltd.), the shareholders of YBT (the “YBT Shareholders”), eight…View ↗
Who Do They Compete With?
Competes with Bit-digital.com, The9.com, Overstock.com, Bitcoin Investment Trust, Blockchain Industries, Bitfarms Technologies, DMG Blockchain Solutions, Hive Blockchain Technologies, Hut 8 Mining, HashChain Technology, MGT Capital Investments, DPW Holdings, Layer1 Technologies, Northern Data, Riot Blockchain, and Marathon Digital Holdings
20-F for FY2025, filed May 15, 2026Sources of information in public domain include “bitcoin.org” and “blockchain.info.” We believe that our competitors include public…View ↗
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