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IONIC DIGITAL SHARES SEPTEMBER 2024 PRODUCTION & OPERATIONS UPDATE

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Energization of Building 2 at Ward County, Texas Facility; Appoints New Auditor; 107.54 BTC Mined in September

AUSTIN, Texas, Oct. 21, 2024 /PRNewswire/ — Ionic Digital Inc., a leader in digital infrastructure and cryptocurrency mining (“Ionic” or the “Company”), today provided an update regarding the Company’s recent production and operational milestones.

Production and Operations Highlights – September 2024

Mined 107.54 Bitcoin (“BTC”) (net of hosting fees) during September 2024Holding 2,102.29 BTC as of September 30, 2024, with a value of $135.3 million at September 30, 2024Average operating hash rate (EH/S)3:: 9.4Number of miners in production as of September 30, 2024: 95,973Total megawatts (“MWs”) under power as of September 30, 2024: 319

Energization of Building 2 at Ward County, Texas Facility

Ionic is excited to announce the energization of Building 2 at its Ward County, Texas facility (formerly referred to as Cedarvale). This substantial advancement adds another 50 MW of power to the site, bringing the total energized load at the facility to 140 MW.

The energization of Building 2 advances Ionics’s vision of establishing one of the largest and most efficient BTC mining operations in Texas. This newly activated building houses 15,552 miners, similar to Building 1, which was energized in August 2024. Both facilities employ state-of-the-art cooling and energy management systems, designed to optimize performance in the region’s climate conditions.

Each building at the Ward County facility is engineered for future expansion, housing 15,552 BTC miners per building. This flexibility, combined with advanced airflow management systems utilizing approximately 6.8 million cubic feet per minute (CFM) of cooling, ensures efficient and reliable operations.

The remaining two buildings at the Ward County facility are currently under construction, with energization anticipated within the coming months. Upon completion, the entire facility will house approximately 66,000 miners and be capable of generating over 215 MW of power, reinforcing Ionics’s leadership in the rapidly evolving BTC mining sector.

Appointment of New Auditor

On October 17, 2024, the Audit Committee of Ionic’s Board of Directors approved the engagement of BDO USA (“BDO”) as the Company’s independent registered public accounting firm, effective immediately. BDO will audit the Company’s consolidated financial statements moving forward.

Management Commentary

“With the successful energization of Building 2, we continue to execute our strategy of scalable growth and operational efficiency,” said John Penver, CFO and interim CEO of Ionic Digital. “Our Ward County facility is a key milestone in our mission to build world-class Bitcoin mining infrastructure in a sustainable and cost-effective manner. We are proud to reach this achievement and look forward to completing the remaining two buildings in the months ahead.”

Penver continued, “The engagement of BDO as Ionic’s new auditor will allow us to further the process of making Ionic a publicly traded entity. This will enhance shareholder value and liquidity as we pursue our strategy of delivering low-cost, energy-efficient computing infrastructure globally.

We continue to deploy and effectively mine the assets acquired upon the inception of the Company. During Q4 2024, I anticipate that we will liquidate some Bitcoin to manage liquidity and fund future infrastructure investments. We are making substantial progress toward monetizing our assets, adding value to the company, and preparing for our public listing.”

About Ionic Digital

Ionic Digital is a 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 13.7 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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SOURCE Ionic Digital

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JOYEE N01 Global Mass Production Launch and First Batch Delivery of 2,000 Overseas Orders Kicks Off

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YANCHENG, China, Nov. 7, 2026 /PRNewswire/ — On October 28, the ceremony for the global mass production launch of the JOYEE N01 and the first batch delivery of 2,000 overseas orders was grandly held at the Yancheng Branch of China FAW. At the event, FAW Bestune delivered the first batch of 500 vehicles to African customers, marking the official entry of the JOYEE N01 into the global market.

As a flagship product, the BESTUNE XIAOMA has earned recognition from nearly 300,000 users since its launch in 2024. Built upon this blockbuster model and refined with a user-centric philosophy, the JOYEE N01 is an upgraded masterpiece — a solid step forward in elevating the user experience with a global vision.

The JOYEE N01 carries forward the adorable design language: rounded body lines paired with a rich array of exterior color options, winning over young families at first glance. All trims come standard with CATL batteries, delivering a maximum range of over 300KM. The four-door design ensures convenient access to the rear seats. In terms of safety, drawing on FAW’s 70-plus years of automotive manufacturing heritage, the vehicle is fully equipped with a high-strength steel body, dual front airbags, and an electronic stability control system. The product is scheduled to roll out in overseas markets one after another in the fourth quarter of 2026.

View original content:https://www.prnewswire.co.uk/news-releases/joyee-n01-global-mass-production-launch-and-first-batch-delivery-of-2-000-overseas-orders-kicks-off-302932578.html

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7th World Media Summit opens in Beijing

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BEIJING, Nov. 7, 2026 /PRNewswire/ — The 7th World Media Summit held its opening ceremony in Beijing on Saturday under the theme “Media in the Intelligent Age: From Consensus to Action.”

Xinhua News Agency and the Beijing municipal government jointly organized this year’s summit, which runs from Thursday to Monday.

It drew nearly 500 representatives from nearly 330 mainstream media outlets, think tanks and government bodies from 112 countries and regions, as well as the United Nations and other international organizations.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, delivered a keynote speech at the opening ceremony.

The World Media Summit was initiated in 2009 and is now a major global platform for media exchange and cooperation. The last summit was held in Urumqi, the capital city of northwest China’s Xinjiang Uygur Autonomous Region, in 2024.

View original content to download multimedia:https://www.prnewswire.com/news-releases/7th-world-media-summit-opens-in-beijing-302932579.html

SOURCE Xinhua News Agency

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

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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.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/pigeon-showcases-parenting-innovations-at-ciie-2026-under-boundless-joy-of-newborn-theme-302932570.html

SOURCE Pigeon

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