---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-000926"
form_type: "8-K"
ticker: "SGLY"
cik: "0001422892"
company_name: "Singularity Future Technology Ltd."
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:31:01.823309+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Settles $200M crypto mining rig lawsuit for $13M; discloses other pending suits and SEC/SDNY investigations

## Summary
- SOSNY lawsuit over $200M crypto mining rig PSA settled; Singularity pays $13M to SOSNY, suit dismissed with prejudice.
- Two additional investor lawsuits (Hexin claim at least $6M; St. Hudson claim at least $4.4M) pending in SDNY.
- Jinhe Capital lawsuit claims $575K to $1.8M in damages from financial advisory agreement; putative class action also filed.
- Company acknowledges SEC and SDNY subpoenas following Hindenburg Research publication; cooperating with investigations.

## SEC filing metadata
- accession: 0001213900-23-000926
- form_type: 8-K
- ticker: SGLY
- cik: 0001422892
- company_name: Singularity Future Technology Ltd.
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1422892/000121390023000926/0001213900-23-000926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1422892/000121390023000926/ea171208-8k_singularity.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-000926
- JSON: https://secwatch.observer/filing/0001213900-23-000926.json
- Plain text: https://secwatch.observer/filing/0001213900-23-000926.txt

## Key facts
- Material Agreements
  Singularity Future Technology Ltd. entered into Settlement Agreement with SOS Information Technology New York, Inc. (SOSNY) valued at thirteen million in U.S. dollars ($13,000,000) (effective 2022-12-28).
  - Action: entry
  - Agreement: settlement
  - Counterparty: SOS Information Technology New York, Inc. (SOSNY)
  - Value: thirteen million in U.S. dollars ($13,000,000)
  - Effective: 2022-12-28
  source text: SOSNY and Defendants entered into a certain settlement agreement and general mutual release with an Effective Date of December 28, 2022 ("Settlement Agreement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1422892/000121390023000926/0001213900-23-000926-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.