Woofun AI reports that SOS Limited, a crypto-linked entity, temporarily suspended direct mining operations while shareholders authorized a 100-fold expansion of the authorized share pool and granted rights for share consolidations.

The financial deterioration is stark: SOS recorded a $97.3 million net loss in 2025, driven by direct cryptocurrency-mining revenue dropping from $9.2 million in 2024 to zero. Hosting services generated only $7.5 million, insufficient to offset a $5.8 million mining-equipment impairment. By year-end, liquid holdings were dominated by market-sensitive digital assets, specifically $79.1 million in Bitcoin and Ethereum, alongside a mere $3.2 million in cash.

Woofun AI data shows that structurally, the board received two years to execute share consolidations ranging from 1-for-2 to a cumulative 1-for-20 ratio. Between the May 15 annual report and the July 13 record date, outstanding Class B shares increased by exactly 2 million, while Class A shares remained static. Since Class A cannot convert to Class B and transfers do not alter totals, this indicates a new Class B allotment. SOS provided no transaction-specific disclosure regarding the recipient, consideration, or purpose of these 2 million shares.

This opaque issuance complicates the outlook for shareholder impact, which hinges on whether authorized-capital steps are completed and the price terms of future transactions. Updated cash and crypto disclosures will reveal if the enlarged share pool becomes an active funding tool amid uncertain liquidity.