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Ionic Digital Issues Shareholder Update

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AUSTIN, Texas, Aug. 8, 2024 /PRNewswire/ — Ionic Digital Inc., a leading innovator in the bitcoin mining industry (the “Company”), today provided an update to their shareholders regarding various matters related to the Company.

Business Update

Ionic Digital is pleased to announce that Building 1 at its Cedarvale facility located in Ward County, Texas is expected to begin energization later this week. This milestone marks a significant step in the Company’s expansion strategy, as the total energized load of the site will increase to 90 megawatts (MW) when Building 1’s energization is complete.

The newly-constructed building is the first of four state-of-the-art 50 MW Bitcoin mining facilities planned for the site. It currently houses 15,552 Bitcoin miners, utilizing a combination of new and relocated machines to optimize performance and efficiency.

Once fully constructed and operational, the Cedarvale site is expected to house approximately 66,000 miners and be powered by 215 MW of electricity. The remaining three buildings, each identical in size and capacity to Building 1, are scheduled for energization in the coming months. The Cedarvale site will add to the Company’s existing capacity of approximately 7 exahash as of July 31, 2024. The Company’s mining operations from emergence through July 31 have produced approximately 1,331.47 bitcoin, and as of that date the Company possessed 1,891.68 bitcoin in total.

Leadership Changes

The Company also announced today a significant leadership transition. In July 2024, chief executive officer (CEO) Matt Prusak informed the Company’s Board of Directors of his decision not to extend his employment agreement beyond its initial term, which concludes on August 14, 2024. The Board has initiated a comprehensive search for a new CEO and expects to appoint the Company’s chief financial officer (CFO), John Penver, as Interim CEO to ensure a smooth transition and maintain operational continuity.

Emmanuel Aidoo, Chair of Ionic Digital’s Board of Directors, expressed gratitude for Prusak’s contributions: “We are grateful for Matt’s leadership and the significant progress Ionic Digital has made under his guidance. His strategic vision has positioned us to become a leader in the bitcoin mining sector. As we move forward, we’re confident that John Penver’s experience as CFO will provide stable leadership during this transition period and keep the Company on its path towards becoming a public entity and a leading bitcoin miner.”

Changes to Board of Directors

In June and July 2024, respectively, H. McIntyre (Mac) Gardner (a new Class B Director who replaced Asher Genoot) and Scott N. Flanders (who replaced Max Holmes) joined Emmanuel Aidoo (Chair), Thomas DiFiore, Scott Duffy and Elizabeth LaPuma on Ionic Digital’s current six-member Board of Directors. The Board expects a second Class B Director to soon be appointed to fill the vacancy on the Board resulting from Steven Price’s resignation in July 2024.

Mr. Gardner retired in 2008 from Merrill Lynch & Co., Inc. as the Head of Americas Region and Global Bank Group, Global Private Client. He has been a member of the board of Spirit Airlines, Inc. since 2010 and chairman of that board since 2013. Mr. Gardner has served on the boards of several other companies including Brilliant Light Power, an alternative energy venture company,

Isola Group, a laminated PCB manufacturer, and Blucora, Inc., a formerly publicly traded technology-enabled financial solutions company, and has chaired the audit, compensation and nominating and governance committees on many of the boards on which he has served.

Scott Flanders is a seasoned executive with extensive experience in media, entertainment, and technology industries. He is an experienced independent director and currently serves as Chairman of two publicly listed companies: FTHM and DMS. Flanders is the former CEO and board member of eHealth, Inc., a position he held since May 2016. Prior to this, Flanders held CEO positions at several prominent companies, including Playboy Enterprises, Freedom Communications, and Columbia House. He also served as president of Macmillan Publishers from 1986 to 1998. Adding to his diverse skill set, Flanders is both an attorney and a Certified Public Accountant (CPA).

Auditor Update

In May 2024, RSM US LLP (“RSM”) informed the Company that it would not be able to continue serving as the Company’s auditor due to a strategic decision by RSM to disengage from all audit engagements with companies in the cryptocurrency sector. RSM’s decision was not a result of any disagreements with the Company on accounting principles, practices, financial statement disclosure, or auditing scope or procedure. RSM’s reports on the financial statements contained in the Company’s SEC filings do not contain any adverse opinion or a disclaimer of opinion, nor were qualified or modified as to uncertainty, audit scope, or accounting principles.

The Company has made substantial progress in evaluating potential replacement auditing firms and is working diligently toward final selection and engagement of a new auditor. In order for the Company to include the required financial statements in its SEC filings, those financial statements must be reviewed by a certified auditor. Thus, the temporary absence of an auditor has prevented the Company from being able to update its SEC filings, which in turn has delayed Ionic Digital’s efforts to become a public reporting company. Once a new auditor is engaged, the Company will work expeditiously to prepare the reviewed financial statements required to make future SEC filings needed to complete the process of becoming a public company. Additionally, the Company amended its managed services agreement with Hut 8 which, among other things, removed the liquidity deadline provision.

About Ionic Digital

Ionic Digital is North America’s newest best-in-class bitcoin miner and emerging innovator in energy monetization. With facilities across North America, Ionic expects to have the ability to deploy up to 12.7 exahash to the Bitcoin Network. For more information, visit ionicdigital.com and follow us on X at @IonicDigital.

Media Contact:
ionic@mgroupsc.com

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Pigeon Showcases Parenting Innovations at CIIE 2026 Under “Boundless Joy of Newborn” Theme

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4 hours ago

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November 7, 2026

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SHANGHAI, Nov. 7, 2026 /PRNewswire/ — Pigeon, a global leader in baby feeding and care, returned to the China International Import Expo (CIIE) for the fourth consecutive year, showcasing baby care products and research innovations from around the world, together with its latest achievements in product development, smart manufacturing, and sustainability in China.

Bringing Together Global Feeding Expertise to Celebrate the Boundless Joy of Newborn

The joy of welcoming a baby is a feeling families everywhere share. Cultures and ways of living differ from country to country, but the love for a baby is universal.

As a highlight of this year’s exhibition, Pigeon has brought together, for the first time at CIIE, its most popular baby bottles from markets around the world, each bottle carries global newborn blessings, backed by Pigeon’s decades of feeding research. The Lamb Blessings Newborn Bottle Gift Set, inspired by traditional Chinese zodiac, also makes its debut at the show.

Pigeon has also created a dedicated newborn care area, showcasing products and solutions developed for the essential moments of a newborn’s daily routine—from feeding and cleansing to delicate skin care.

Building on Local Innovation and Smart Manufacturing to Support Families Worldwide

With more than two decades of experience in China, Pigeon continues to strengthen its local R&D, manufacturing, and supply chain capabilities. What began with bringing products and advanced technologies from around the world to China has grown into a comprehensive network of local research, product development, and smart manufacturing capabilities.

At this year’s CIIE, the Shanghai Climate Week 2026 Climate Lighthouse White Paper was officially unveiled, with the Green Manufacturing Project at Pigeon’s Shanghai Qingpu factory selected as a model case study. Through the use of clean energy, automated production processes, greater energy efficiency, and the development of more sustainable products, the project is enhancing product quality, manufacturing efficiency, and environmental performance in tandem.

Pigeon is also bringing the benefits of greener manufacturing directly to the products families use every day. The SofTouchⅢ Pure Series feeding bottles, combine science-based feeding, elegant design, and a commitment to reducing carbon emissions. The series reduces its carbon footprint through the use of lower-carbon raw materials and clean energy in production.

Looking ahead, Pigeon aims to bring more insights and innovations developed in China to parents and babies worldwide, sharing the boundless joy of welcoming newborn with families across cultures and borders.

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SOURCE Pigeon

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Muyuan Foods Group, a Global Leader in Pig Farming, to Showcase Smart Pig Farming and Green Development Solutions at EuroTier 2026

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6 hours ago

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November 7, 2026

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HANOVER, Germany, Nov. 7, 2026 /PRNewswire/ — From November 10 to 13, Muyuan Foods Group (002714.SZ/02714.HK) will participate in EuroTier 2026 in Hanover, Germany. As a global leader in pig farming, Muyuan marketed 77.98 million pigs and slaughtered 28.66 million pigs in 2025. At Booth J04 in Hall 15, Muyuan will showcase integrated solutions across two key areas: Smart Pig Farming and Green Development.

Smart Pig Farming: This section will focus on pig house upgrades, biosecurity management, and intelligent equipment. Smart pig houses enable precise control of environmental parameters, while more than 30 types of intelligent equipment across five categories, including inspection robots and intelligent feeding systems, integrate key production operations into digital management systems. These solutions help improve operational efficiency, optimize costs, and drive the development of standardized and precision-driven farming practices.

Green Development: This section will feature solutions for environmental management, sterilization and deodorization, and renewable energy. Muyuan achieves 100% resource utilization of livestock manure, promoting the crop-livestock cycle and supporting a circular agricultural model. Sterilization and deodorization technologies continuously improve the farming environment, while renewable energy solutions contribute to carbon reduction and emissions mitigation. In 2025, Muyuan achieved carbon emission reductions of 6.06 million tons across its entire value chain, demonstrating its commitment to low-carbon and sustainable development.

Together, these two areas provide customers with a comprehensive, one-stop solution covering the entire pig farming process.

Throughout the exhibition, Muyuan’s international business team will provide multilingual technical presentations, one-on-one business consultations, and live demonstrations of intelligent equipment. Muyuan warmly welcomes industry professionals and partners from around the world to visit Booth J04 in Hall 15. Let us work together to advance the high-quality development of the global livestock industry and explore new opportunities for cooperation!

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Home Companion Robot Mobo to Debut Globally and Open Pre-orders as AiMOGA Showcases Its Robot Family at the 2026 OMODA & JAECOO International User Summit

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7 hours ago

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November 7, 2026

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WUHU, China, Nov. 7, 2026 /PRNewswire/ — As AI becomes part of everyday family life, how will it transform the homes of the future? The 2026 OMODA & JAECOO International User Summit, co-presented by CHERY, OMODA｜JAECOO, ICAUR, Lepas and AiMOGA, took place in Wuhu from October 19 to 24 under the theme “DRIVE TO THE NEXT VIBE.” During the summit, AiMOGA Robotics officially launched Mobo—its consumer-grade humanoid robot for home companionship—and opened global pre-orders. The launch took embodied AI into the home, extending proven automotive-grade technologies and supply-chain capabilities beyond vehicle manufacturing to a broader ecosystem of intelligent living.

Meet Mobo: A Thoughtful, Expressive and Caring Companion. A key highlight of the summit, Mobo makes its global debut with pre-orders opening worldwide. Having previously appeared at the World Robot Conference and the World Manufacturing Convention, it has already drawn strong interest. Powered by AiMOGA’s proprietary MoAgent AI brain, Mobo goes beyond rigid single-command responses: it independently breaks down complex instructions and plans long-horizon tasks, turning Q&A into goal-driven assistance. Designed for family life, it combines spatial perception with multimodal interaction—autonomous navigation, dynamic obstacle avoidance, and voice-plus-vision conversation that identifies objects and makes companionship feel natural. With a full-body motion system of 22 degrees of freedom, it delivers smooth movements and dance routines, remembers each family member’s habits and preferences, and builds in privacy protection from the outset—a companion blending advanced technology with warmth and care.

Bringing Automotive Expertise to Robotics. Unlike start-ups building from scratch, AiMOGA draws on the extensive automotive engineering experience and global R&D network of CHERY and its brands—OMODA｜JAECOO, ICAUR and Lepas—adapting proven technologies, including high-precision environmental perception and automotive-specific large AI models, for robotics. During the summit, its full robot portfolio will appear in zones recreating real-world applications: police robots patrolling mock traffic settings, healthcare robots guiding visitors, Mornine acting as an AI presenter, the Argos Pro quadruped demonstrating following and load carrying, and Mobo offering hands-on demonstrations as pre-orders open. AiMOGA already operates robots across more than 100 use cases—from dealerships and retail to traffic management, security, education and healthcare—with cumulative deliveries exceeding 3,000 units across more than 60 countries and regions.

Beyond Automotive Manufacturing. As these brands move from vehicles into robotics, they extend accumulated R&D, supply-chain and manufacturing expertise to wider intelligent applications; automotive–robotics integration provides the industrial foundation, while the MoAgent brain supports understanding, planning and execution. Guided by the philosophy “In Somewhere, For Somewhere, Be Somewhere,” CHERY, OMODA｜JAECOO, ICAUR, Lepas and AiMOGA are bringing intelligent technology into everyday life and delivering meaningful support to people worldwide.

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SOURCE OMODA & JAECOO

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