LONDON, May 10, 2024 /PRNewswire/ — ViewSonic Corp., a leading global provider of visual solutions, today announced that its ambitious targets for achieving net-zero greenhouse gas (GHG) emissions by 2050 have been validated by the Science Based Targets initiative (SBTi). This milestone underscores ViewSonic’s commitment to environmental sustainability and its proactive role in combating climate change.

Near-Term Target for Climate Action

ViewSonic has committed to significantly reducing its carbon footprint by targeting a 42% reduction in absolute Scope 1 and 2 GHG emissions by 2030, from a 2021 baseline. The company also aims to reduce Scope 3 GHG emissions from purchased goods and services and the use of sold products by 42% within the same timeframe. These targets align with the SBTi’s stringent criteria to keep global temperature increase to 1.5°C above pre-industrial levels, consistent with the most ambitious aim of the Paris Agreement.

Long-Term Vision for Net-Zero

In pursuit of broader environmental goals, ViewSonic aims to achieve net-zero GHG emissions across its entire value chain by 2050. This long-term commitment is part of ViewSonic’s strategy to integrate sustainability into all aspects of its operations and business ethos.

“Receiving SBTi validation for our GHG emissions reduction targets is a testament to our dedication to creating a more sustainable future,” said James Chu, CEO of ViewSonic. “As a technology leader, we believe it is our responsibility to lead by example in the transition to a low-carbon economy. These validated targets not only reflect our commitment but also set a clear and science-driven path for our climate action strategy.”

Innovative and Sustainable Solutions

The commitment to sustainability is further supported by ISO 14064 certification, affirming the rigorous approach to reducing greenhouse gas emissions. ViewSonic excels in creating energy-efficient products, highlighted by their EPEAT Silver-certified ViewBoard interactive displays and commercial displays, and ENERGY STAR Most Efficient 2024 recognized monitors. ViewSonic also leads in eco-friendly innovation with lamp-free LED and laser projectors, which contain no mercury and significantly reduce environmental impact. For more information on ViewSonic’s efforts and commitments, visit our ESG initiatives at ViewSonic’s ESG webpage. 

About ViewSonic

Founded in 1987 in California, ViewSonic is a leading global visual solutions provider with a presence in over 100 countries. The company leverages over 35 years of expertise in visual technology to deliver a comprehensive portfolio of hardware, software, content, and services. ViewSonic offers a wide range of products, with screen sizes spanning from 5 inches to a massive 760 inches. This includes interactive displays, large format displays, LED displays, pen displays, monitors, projectors, SaaS, AI services, interactive content, and more. This innovative ecosystem empowers education, workplaces, and individuals to foster creativity, collaboration, and seamless learning. ViewSonic focuses on designing products that deliver optimal performance and customer satisfaction while integrating sustainable production practices and upholding comprehensive environmental, social, and governance standards. The company’s goal is to enable customers to “See the Difference”. Learn more at www.viewsonic.com.

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SEOUL, South Korea, May 10, 2024 /PRNewswire/ — Coway Co., Ltd., the “Best Life Solution Company,” today reported its financial results for the first quarter of 2024.

“Coway continues to maintain consistent performance with a revenue that’s surpassed 1 trillion won for four consecutive quarters,” said Soon Tae Kim, Coway’s Chief Financial Officer. “In the upcoming second quarter, the launch of the 2024 Icon Ice Water Purifier and the continued success of the BEREX (Bed & Relax) lineup are forecasted to sustain our growth momentum.”

Coway’s reported earnings are as follows:

• First-quarter revenue: KRW 1,001.8 billion (+5.6% YoY)
• First-quarter operating profit: KRW 193.7 billion (+10.3% YoY)

Domestic business recorded a first-quarter revenue of KRW 612.3 billion, making a 5.5% year-on-year increase. This figure reflects the robust sales performance of both the BEREX lineup and water purifiers.

Coway’s overseas subsidiaries reported a first-quarter revenue of KRW 355.1 billion, up 5.5% from the same period last year. Notably, the United States and Thailand were the key growth subsidiaries, achieving revenues of KRW 44.9 billion (+15.7% YoY) and KRW 29.8 billion (+36.2% YoY) respectively.

For additional details about Coway’s financial performance, please visit the company’s Investor Relations page.

About Coway Co., Ltd.  

Established in Korea in 1989, Coway, the “Best Life Solution Company,” is a leading environmental home appliances company making people’s lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company’s most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, the USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.  

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• 28MW of miners delivering 1.3 EH/s, strategically located in Paraguay
• 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners to be installed
• Power rate of sub $0.04/kWh, generated by 100% renewable hydropower

FRANKFURT, Germany , May 10, 2024 /PRNewswire/ — Northern Data Group’s Peak Mining today announces a new partnership with Penguin Infrastructure Holding (“Penguin”) for 28MW of mining capacity. This project represents a significant next step in Northern Data Group’s geographical expansion and enables Peak Mining to increase its hashrate, powered by 100% renewable energy.

The hardware will be energized in H2 2024 and marks Peak Mining’s first step into South America. 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners will be installed at the site. The hardware will generate 1.3 EH/s, contributing to Peak Mining’s planned growth to 7.9 EH/s this year.

The site in Paraguay is 100% powered by renewable hydropower harnessed from the 14 GW Itaipu Dam, it is the world’s third-largest hydroelectric dam. The site will therefore benefit from the availability of clean energy.

This expansion into South America follows Peak Mining’s recent purchase of a 300MW mining data center site in Corpus Christi, Texas, which will power around 4.2 EH/s of MicroBT’s miners as well as the construction of a 30MW facility in Grand Forks, North Dakota, which will support approximately 1.1 EH/s of the miners.

This selection of sites underscores Northern Data Group’s commitment to meet the demands of the industry as efficiently as possible. Throughout 2024, Northern Data Group will be rapidly expanding its HPC footprint. 

Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:

“This partnership is significant to Northern Data Group as we continue to execute on our investment strategy and solidify our position within the global High Performance Computing market, and I’m especially pleased to be working with Penguin, given the team’s impressive sustainability standards at this site. It is Peak Mining’s first expansion into South America and is another milestone for the company as it continues to scale its international Bitcoin mining capabilities.”

Niek Beudeker, Managing Director, Peak Mining, commented:

“I’m pleased to partner with Penguin to expand our mining capacity to Paraguay. The Penguin team has done a tremendous job in constructing the site and building a strong local team. This agreement, structured as a partnership, will allow for better alignment of both parties than with a standard hosting arrangement. The partnership demonstrates our commitment to leveraging 100% clean energy to meet growing industry demand, efficiently”.

Björn Schmidtke, CEO at Penguin Group, commented:

“This strategic alliance with Northern Data Group strengthens our position as a leader in hosting next-generation High Performance Computing and also allows us to strengthen our capabilities and expand our offerings in cutting-edge areas such as AI compute. We are committed to advancing in this constantly accelerating world, which demands more high-quality services to keep evolving.“

About Peak Mining

Peak Mining, part of the Northern Data Group, is powering the future of the Bitcoin network. We deliver industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative technology and HPC infrastructure. With our heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to secure the Bitcoin network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.

About Penguin

Penguin Group is at the forefront of HPC and cloud services powered by fully renewable hydro power in South America. Its core value is the mission to Transform Energy into Human Potential. This mission is achieved through Penguin Academy, a revolutionary education concept where students ‘learn by doing’ and has already trained thousands of young people to become the next generation of tech talent. Penguin aims to transform Paraguay into the Technological Hub of South America and expand their concept and mission globally.

About Northern Data Group

Northern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions, utilizing GPU- and ASIC-technology. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.  

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