NEW YORK, Sept. 18, 2026 /PRNewswire/ — SOS Limited (NYSE: SOS) (the “Company” or “SOS”) today announced that Future Digital Trading Pte. Ltd., the Company’s wholly owned subsidiary in Singapore, has entered into a non-binding Framework Cooperation Memorandum (the “Memorandum”) with an Indonesian company, regarding the potential development of a planned approximately 500-megawatt (“MW”) wholesale AI and cloud data center campus in the Galang Batang Special Economic Zone (KEK Galang Batang), Bintan Island, Riau Islands Province, Indonesia. If the project proceeds as contemplated, the Company’s Phase I construction is expected to have a capacity of approximately 50MW. The Memorandum is non-binding except for certain specified provisions, and the project remains subject to completion of due diligence, negotiation and execution of definitive agreements, financing and applicable regulatory approvals.
The Memorandum, signed on September 15, 2026, sets out preliminary principles for cooperation, land and power arrangements, a funding mechanism and a six-month due diligence period. It is subject to the negotiation and execution of definitive transaction documents, completion of due diligence, financing and applicable regulatory approvals. The final investment structure, equity percentages, valuation, board arrangements and exit mechanisms are to be determined in subsequent definitive documents.
“This memorandum represents an important step in SOS’s strategy to expand into digital infrastructure,” said Yandai Wang, Chairman and Chief Executive Officer of SOS Limited. “Southeast Asia is experiencing significant growth in AI data center demand, and Bintan offers proximity to Singapore with potentially lower power and land costs and special-economic-zone advantages. Subject to successful completion of due diligence and definitive documentation, we believe a 500MW platform could position the Company to participate in a growing infrastructure market.”
A strategic location with a structural power-cost advantage
KEK Galang Batang lies within the Singapore–Johor–Riau (SJR) growth corridor, with sub-2-millisecond connectivity to Singapore, where land and power constraints have driven demand spill-over into neighboring Malaysia and Indonesia. Under the Memorandum, the local partner will use commercially reasonable efforts to secure no less than 60MW of effective power capacity prior to commissioning of the first phase. The Memorandum contemplates a ten-year coal-index-linked pricing formula intended to provide competitive, market-responsive electricity costs. Final power pricing, terms and conditions are subject to negotiation and execution of definitive power supply documentation, and actual delivered electricity prices will depend on coal market conditions and other factors.
Wholesale colocation model
The campus would be expected to adopt a wholesale colocation model, delivering large, dedicated, high-density data halls to hyperscale and AI customers under long-term arrangements. The Company has received indicative, non-binding expressions of interest aggregating approximately 180MW from prospective tenants, including certain global cloud, internet and AI platforms. These indications remain subject to negotiation, definitive customer contracts and credit support, and there can be no assurance that definitive agreements will be reached on the expected terms, or at all.
Potential capital structure
If the project proceeds, the Company currently expects that it would seek to fund the platform through an equity and project-finance structure, with senior debt expected to be arranged with institutional lenders. No financing arrangements have been finalized, and the ultimate capital structure, financing terms, partners and amounts remain subject to the completion of due diligence and negotiation of definitive agreements. The Company may also evaluate various exit or monetization strategies in the future, but no specific plans have been adopted at this time.
SOS brings a listed vehicle and proven build capability
As of December 31, 2025, SOS reported total assets of approximately US$465 million and shareholders’ equity of approximately US$423 million, with a low leverage profile. The Company believes its NYSE listing, U.S. GAAP reporting and cross-border compliance framework, combined with its partners’ local resources, provide a strong foundation to execute the project and to meet the requirements of international lenders and tenants.
“Our approach is disciplined: secure power arrangements, develop relationships with potential customers, build in modular phases, and pursue financing supported by contracted revenue,” added Mr. Wang. “We will move deliberately through diligence and definitive documentation, and we look forward to updating shareholders as milestones are achieved.”
Except for certain binding provisions (including those relating to representations and warranties, the Framework Agreement deposit, confidentiality, binding effect, and governing law), the Memorandum does not constitute a legally binding obligation of the parties to consummate the transaction. There can be no assurance that the transaction will be completed, that any phase will be built at the scale or timing described, or that the expected financial results will be realized.
About SOS Limited
SOS is an emerging blockchain-based service solution provider and is also engaged in blockchain and cryptocurrency operations, which currently include cryptocurrency mining and may expand into cryptocurrency security. Since April 2021, we have launched our commodity trading business via our subsidiary SOS International Trading Co. Ltd. Our major trading commodities include mineral resin, soybean, wheat, sesame, liquid sulfur, petroleum coke and latex etc. For more information, please visit: http://www.sosyun.com/.
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as “may”, “can”, “should”, “will”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “predict”, “believe”, “seek”, “target”, “outlook” or similar words. Specifically, forward-looking statements may include statements related to the following matters of the Company:
Ability to implement its business plan;Changes in SOS’s product and service market; andExpansion plans and opportunities.
These forward-looking statements are based on information available as of the date of this press release and our management’s current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.
These risks and uncertainties include, but are not limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission (“SEC”). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:
Local government policies and regulatory oversight of cryptocurrency mining operations and our other operations;SOS’s blockchain and supercomputing, commodity trading and marketing solutions businesses are still under development, with many uncertainties in the future direction and integration of these various business segments;Failure to manage the newly launched commodities trading business effectively;Loss of key customers in the commodity trading business;Failure to access a large quantity of power at reasonable costs could significantly increase SOS’s operating expenses and adversely affect our demand for SOS’s mining activities;Any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operations;Security breaches or alleged security breaches of our data warehouses could disrupt SOS’s operations and have a material adverse effect on its business, financial condition and results of operation; uncertainty in global supply chains and international shipping; andOther risks and uncertainties indicated in SOS’s SEC reports or documents filed or to be filed with the SEC by SOS.The Framework Cooperation Memorandum for the Indonesian data center project is largely non-binding and subject to negotiation and execution of definitive transaction documents; there can be no assurance that definitive agreements will be reached or that the project will proceed on the terms described, or at all;The Company’s ability to secure adequate and cost-effective power supply, land rights and regulatory approvals in Indonesia, including within the Galang Batang Special Economic Zone, is subject to significant uncertainty, including reliance on the local partner and Indonesian governmental authorities;The Company may be unable to secure project financing on acceptable terms, or at all, and may be required to fund a greater proportion of project costs from its own resources than currently anticipated;The indicative, non-binding expressions of interest from prospective tenants may not result in definitive customer contracts, and the Company may be unable to attract sufficient demand to support the planned scale of the project;Political, regulatory, legal and economic conditions in Indonesia, including changes in government policy, tax regimes, environmental regulations, foreign investment restrictions and currency controls, could adversely affect the project;The Company has limited operating history in Southeast Asia and will be reliant on its local partner for land, power, government relations and local regulatory compliance, and any failure by the local partner to perform its obligations could materially impair the project;The final investment structure, equity percentages, governance arrangements and exit mechanisms have not been determined and are subject to negotiation, which may result in terms materially different from those currently contemplated by the Company;
Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Contact: ir@sosyun.com
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SOURCE SOS Ltd.
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