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Riot Announces Third Quarter 2024 Earnings Conference Call

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CASTLE ROCK, Colo., Oct. 16, 2024 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended September 30, 2024.

This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States or internationally, please use this link here to register. A replay of the conference call will be available after the call ends, through this link.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.

Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

For more information, visit www.riotplatforms.com.

Safe Harbor

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements about the benefits of acquisitions, including financial and operating results, and the Company’s plans, objectives, expectations, and intentions. Among the risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: unaudited estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; megawatt (“MW”) capacity under development; we may not be able to realize the anticipated benefits from immersion cooling; the integration of acquired businesses may not be successful, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; failure to otherwise realize anticipated efficiencies and strategic and financial benefits from our acquisitions; and the impact of COVID-19 on us, our customers, or on our suppliers in connection with our estimated timelines. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.

Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc

Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc

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SOURCE Riot Platforms, Inc.

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TIER IV and Hitachi Astemo join hands on autonomous driving systems: Introducing SOAFEE-compliant SDV architecture

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TOKYO, Oct. 16, 2024 /PRNewswire/ — TIER IV, the pioneering force behind Autoware*, the world’s first open-source software for autonomous driving, is excited to announce the launch of a joint initiative with Hitachi Astemo to advance autonomous driving systems and software-defined vehicles (SDVs). This collaboration, leveraging Autoware’s capabilities, builds on both companies’ engagement with the Autoware Foundation (AWF) and Scalable Open Architecture for Embedded Edge (SOAFEE) initiative. With their sights set on 2030, the companies are intensifying their efforts to deliver innovative solutions for mass production vehicle models.

Amid major shifts in the automotive industry, a new class of suppliers dubbed Tier 0.5 is emerging, offering value-added solutions that go beyond conventional Tier 1 models. Positioned as a Tier 0.5 supplier, Hitachi Astemo provides comprehensive system solutions that consider the entire vehicle’s architecture. In line with this goal, the company is developing a reference system (Internet of Vehicles Platform: IoV PF) for system development tailored to the needs of automakers. Hitachi Astemo is also pioneering a cloud-native software architecture that facilitates development and standardizes specifications on the cloud. These innovations will significantly enhance development efficiency, elevate product quality, reduce costs, and enable faster time-to-market. The architecture will integrate Autoware as the core autonomous driving software.

TIER IV has been actively collaborating with key members of AWF and SOAFEE to define industry-standard and expand the reach of the Open AD Kit, a comprehensive referential development kit for autonomous driving systems built on Autoware. Looking forward, TIER IV plans to enhance clound-native environments for the kit and support the development of autonomous driving systems based on the SOAFEE-compliant SDV architecture. This collaboration will leverage Hitachi Astemo’s reference system to accelerate the next-generation Open AD Kit project.

In addition to these efforts, TIER IV is accelerating the development of a large-scale, cooperative machine learning operations (MLOps) infrastructure and embedded edge AI models specifically designed for autonomous driving systems. With the launch of the Co-MLOps project in January 2024, TIER IV will spearhead the creation of a global framework that allows companies worldwide to collaborate and share data, accelerating advancements in machine learning and edge AI development. These capabilities will be integrated into the Open AD Kit and will also be aligned with Hitachi Astemo’s reference system.

Through this joint development with Hitachi Astemo, TIER IV is committed to driving the development of autonomous driving systems that add significant value to automakers’ mass production models, shaping the future landscape of the automotive industry.

*Autoware is a registered trademark of the Autoware Foundation.

About TIER IV

TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.

Media Contact

pr@tier4.jp

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SOURCE TIER IV, Inc.

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INFINITIX ventures into Japan’s AI market by establishing INFINITIX Japan and attracting significant attention by showcasing its core product AI-Stack at Tokyo CEATEC 2024.

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TOKYO, Oct. 17, 2024 /PRNewswire/ — Taiwan’s AI infrastructure solutions leader, INFINITIX, has officially launched its Japanese subsidiary, INFINITIX Japan, to expand its presence in Japan’s AI market. This move aims to provide cutting-edge AI solutions, helping local businesses drive digital transformation, improve AI ROI, and foster innovation.

INFINITIX’s flagship product, AI-Stack, has seen great success in Taiwan, supporting businesses with AI infrastructure and partnering with top tech firms to launch Taiwan’s leading AI computing center, AICC. AI-Stack has earned NVIDIA’s Solution Advisor – Preferred Level certification as the preferred solution for AI infrastructure and GPU resource scheduling. With INFINITIX Japan, these successes will now extend to the Japanese market, helping businesses meet growing AI demands. As generative AI rises, companies face challenges like high GPU costs and increased hardware investments. INFINITIX addresses these with flexible GPU management, no-code setup, and automated workflows, boosting efficiency and AI ROI. The launch of INFINITIX Japan ensures fast, local support for business needs and system maintenance.

At Tokyo CEATEC from 2024 October 15 to 18, INFINITIX debuted its next-generation AI-Stack solution, drawing considerable attention from attendees. Through this event, INFINITIX aims to enhance its visibility in Japan, leveraging its strong AI capabilities to provide groundbreaking solutions for Japanese businesses, helping them gain a competitive edge in digital transformation.

The establishment of INFINITIX Japan marks another significant milestone in the company’s international expansion. This strategic move allows Infinitix to further penetrate the Asian market and continue its commitment to leading the AI industry, collaborating with Japanese businesses to create an intelligent future.

INFINITIX Inc.
Beyond AI, to infinity

INFINITIX specializes in AI GPU resource scheduling and management, helping businesses maximize GPU efficiency. As a global NVIDIA Inception Program partner since 2019 and Taiwan’s only AI software provider with NVIDIA Solution Advisor – Preferred Level certification, INFINITIX delivers top-tier AI infrastructure solutions with its AI-Stack platform, driving AI industry innovation.

For more information, please visit our official website: https://infinitix.co/

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SOURCE Infinitix Inc.

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Trip.com Obtains IATA GoGlobal Accreditation

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Trip.com’s IATA GoGlobal accreditation strengthens its recognition across the airline industry. Helps Trip.com access support services provided by IATA.

SINGAPORE, Oct. 17, 2024 /PRNewswire/ — Trip.com has received the International Air Transport Association’s (IATA) GoGlobal accreditation, the gold standard for travel agency validation and a milestone that recognises Trip.com’s ability to operate and work with global airlines across multiple markets. 

IATA GoGlobal Certification

IATA’s multi-country accreditation (also known as GoGlobal) is highly regarded and well-recognised as an accreditation model within the Passenger Sales Agency Rules. It recognises that the company has met rigorous global standards for handling international travel services within aviation, including ticketing and sales. Achieving IATA GoGlobal accreditation brings greater credibility and recognition to Trip.com, and helps simplify interaction with global airlines.

Building on a Strategic Partnership

This achievement follows Trip.com’s recent entry into IATA’s Strategic Partnership Program, strengthening relationships with key industry stakeholders. The decision to join was driven by Trip.com’s commitment to enhancing customer experience and staying at the forefront of product development and new technologies in the travel industry.

Looking ahead, Trip.com is excited to deepen cooperation with IATA to support industry innovation and shape the future of travel, creating a more connected and convenient journey for all.

“We welcome Trip.com on converting to the GoGlobal accreditation level. IATA accreditation allows travel agents to connect more conveniently with a wide range of travel industry partners, simplify their business relationship with airlines, and enhances their credibility with airlines and their customers. Given the scale of their operations around the world, we are delighted that Trip.com recognised the value in converting from multiple GoStandard accreditations to one at the GoGlobal level. We look forward to working with Trip.com and supporting them as they grow their business,” said Juan Antonio Rodriguez, IATA’s Director for Financial Settlement Operations.

Chee Teong Ooi, Trip.com Group’s VP of Global Flights Business and CEO of Travix said, “We are thrilled to have obtained IATA’s GoGlobal Accreditation as it affirms our capability to comply with multi-country financial criteria. As we continue to innovate and collaborate with IATA, we aim to enhance connectivity and convenience, providing an exceptional travel experience for everyone.” 

About Trip.com

Trip.com is an international one-stop travel service provider, available in 24 languages across 39 countries and regions in 35 local currencies. Trip.com has an extensive hotel and flight network consisting of more than 1.7 million hotels and flights from over 600 airlines covering 3,400 airports in 220 countries and regions around the globe. Trip.com‘s world-class 24/7 multilingual customer service, as well as additional centres in Edinburgh, Tokyo and Seoul, help to ‘create the best travel experience’ for its millions of customers worldwide. To book your next trip, visit Trip.com.

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SOURCE Trip.com

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