SOS Limited provides data mining and analysis services to corporate and individual members in the People's Republic of China. It provides marketing data, technology, and solutions for insurance companies; emergency rescue services; and insurance product and health care information portals. The company operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, auto rescue, financial rescue, and life rescue cards; cooperative cloud systems, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud systems, such as newsToday and E-commerce Today, 10086 hot-line center, information security services, and marketing-related data. It also focuses on cryptocurrency mining, blockchain-based insurance, and security management businesses. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, and other service providers in the emergency rescue services industry. The company is based in Qingdao, the People's Republic of China.

SOS Limited

Despite its nickname, Hump Day did not provide any impediment to the seemingly unstoppable cryptocurrency rally. A top crypto bull made a big move, and in response, his chosen coin's upward momentum continued.
Unsurprisingly, investors in altcoins and crypto mining stocks eagerly followed suit. Mining sector bellwether Marathon Digital Holdings (NASDAQ: MARA) closed the day nearly 15% in positive territory. Peer CleanSpark (NASDAQ: CLSK) wasn't far behind with a 14% gain, while SOS Limited (NYSE: SOS) trumped both with a rise of more than 18%.
MicroStrategy continues to pile into Bitcoin
That bull is Bitcoin (CRYPTO: BTC) evangelist Michael Saylor, co-founder and executive chairman of software company MicroStrategy (NASDAQ: MSTR). To assert that Saylor is all in on Bitcoin is a monster understatement. Several years ago, he and MicroStrategy decided to plow nearly all its spare capital (plus piles of debt financing) into stocking up on the digital coin.
Fellow Bitcoin bulls will be happy to note that on Wednesday, Saylor divulged on X (formerly Twitter) that his company plowed a fresh $615.7 million to buy an additional hoard of 14,620 Bitcoin. This made for an average price of $42,110 per coin. He added that as of Tuesday, MicroStrategy holds 189,150 Bitcoin.
That total cost the company $5.9 billion for an average price of $31,168 apiece -- quite the bargain, given the coin's current level. Doing some simple math reveals that MicroStrategy is presently sitting on more than $2 billion (yes, that's billion with a "b") in unrealized Bitcoin gains.
Those are the kinds of numbers that get investors excited. With Bitcoin already on quite the roll, along with many other cryptocurrencies and related crypto assets, it only upped the temperature on an already white-hot investment with the market.
And, as usual, where Bitcoin goes, Bitcoin mining stocks follow. Investors are seeing big gains in the future for miners who have stayed the course throughout the thick of this rally and the thin of the crypto winter several months back.
2024 could be a very happy new year for the crypto market
Meanwhile, they continue to draw encouragement from the increasing likelihood of Federal Reserve rate cuts and the first approvals for crypto spot exchange-traded funds (ETFs). Many anticipate that both events will occur starting in early- to mid-2024. Individually, rate cuts and the approval/rollout of such ETFs have great power to blast cryptocurrencies higher; together, they can be exceptional market movers.
Should you invest $1,000 in Marathon Digital right now?
Before you buy stock in Marathon Digital, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Marathon Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of December 18, 2023
Eric Volkman has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Crypto Mining Stocks Booked Double-Digit Gains Today

The crypto mining industry consolidated a bit on Tuesday, and in reaction, investors bid up not only Marathon Digital Holdings (NASDAQ: MARA) -- the company doing the consolidating -- but other notable stocks in the business.
Marathon itself saw its stock price rise by almost 11%, while the smaller Cipher Mining (NASDAQ: CIFR) saw a more than 14% gain. TerraWulf (NASDAQ: WULF) and SOS Limited (NYSE: SOS) were also winners on the day, advancing a respective 9% and 10%. For perspective, the broad S&P 500 index inched up only 0.6%.
Marathon makes a nearly $180 million deal
Before market open, Marathon shook up the crypto miner scene by announcing that it had agreed to acquire a pair of Bitcoin (CRYPTO: BTC) mining sites. It bought the pair from subsidiaries of finance company Generate Capital at a price of $178.6 million. This purchase price is to be paid entirely in cash.
Together, the two sites -- one located in Texas, the other in Nebraska -- boast a total of 390 megawatts of capacity. That boils down to $458,000 per megawatt for the deal.
It's a historic buy for Marathon, as the pair will become its first fully owned sites. After the deal closes, the company's capacity will amount to 910 megawatts. Of this, 45% will consist of fully owned facilities, with the remainder held by third-party business partners.
In its press release on the acquisition, Marathon said that it expects to reduce the cost per coin of its Bitcoin mining operations at the new sites by 30%.
It also quoted CEO Fred Thiel as saying the deal is going to be transformative, morphing the company into "a more sophisticated and mature organization with a diversified portfolio of Bitcoin mining technologies and assets."
Investors were clearly buying that argument, judging by how eagerly they pounced on Marathon stock post-announcement. The deal also led to speculation about other buyouts (and of the generally solid demand for Bitcoin mining facilities), hence the price appreciation of fellow miners like TerraWulf and SOS.
Going bananas for Bitcoin
Sentiment on Bitcoin miners, of course, generally depends on how the market feels about Bitcoin. While the price of the leading crypto has eased over the past few days, it's still very high on a historic basis. In fact, it's only topped the current $42,000-plus level during two bull runs earlier this decade. And if Bitcoin is a hot item, you can bet that any miner making a consolidation move is going to be rewarded accordingly.
Should you invest $1,000 in Marathon Digital right now?
Before you buy stock in Marathon Digital, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Marathon Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of December 18, 2023
Eric Volkman has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Marathon Digital and Other Crypto Mining Stocks Surged Today

(RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 06.50 A.M. ET).
In the Green
PodcastOne, Inc. (PODC) is up over 33% at $2.40. Taoping Inc. (TAOP) is up over 20% at $2.80. Brooge Energy Limited (BROG) is up over 18% at $6.49. Wheels Up Experience Inc. (UP) is up over 17% at $2.43. Studio City International Holdings Limited (MSC) is up over 17% at $5.67. Lithium Americas Corp. (LAC) is up over 14% at $11.07. Twin Ridge Capital Acquisition Corp. (TRCA) is up over 12% at $11.66. SOS Limited (SOS) is up over 12% at $4.60.
In the Red
Cal-Maine Foods, Inc. (CALM) is down over 12% at $41.50. A10 Networks, Inc. (ATEN) is down over 12% at $13.20. Ocean Biomedical, Inc. (OCEA) is down over 12% at $2.41. WeWork Inc. (WE) is down over 7% at $2.36.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.