Fredericton, New Brunswick, Jan. 06, 2025 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (CSE:NXT) (FSE:Z12) (“NextGen” or the “Company”) is pleased to report that it has commenced the evaluation of additional opportunities within the cloud computing and data hosting sector. By leveraging its existing expertise in its Cloud AI Hosting division, NextGen aims to offer scalable, cost-efficient, and sustainable solutions to meet the growing global demand for reliable data hosting services.
Amidst a pervasive worldwide power shortage and growing demands for computing power(1), the need for secure and affordable data hosting capabilities persists. NextGen’s Cloud AI Hosting division has already demonstrated strong capabilities in providing advanced cloud-based services to cutting-edge artificial intelligence applications.
These initiatives will capitalize on the Company’s existing platform to deliver enhanced offerings tailored to a broader range of industries and enterprises. Additionally, this strategy aligns with NextGen’s vision of becoming a leading institution within the crypto economy through providing investors exposure to both digital assets and digital infrastructure.
“We are continuing to develop and refine NextGen’s strategic direction by leveraging our existing platform and experiences,” said Alexander Tjiang, Interim CEO of NextGen. “With our established expertise in Cloud AI Hosting and our recent expansion into the digital assets space, we see a tremendous opportunity to redefine value in the digital infrastructure sector. This evaluation aligns with our commitment to delivering innovative solutions that empower our clients and investors while supporting sustainability.”
About NextGen Digital Platforms Inc.
NextGen Digital Platforms Inc. (CSE: NXT) is listed on the Canadian Securities Exchange. The Company currently operates e-commerce platform PCSections.com (“PCS”) and a hardware-as-a-service business supporting the artificial intelligence sector, called cloud AI hosting (“Cloud AI Hosting”). Both PCS and Cloud AI Hosting were developed in-house by NextGen. The Company also intends to democratize access to cryptocurrencies by providing investors with exposure to a diversified basket of digital assets through a regulated public vehicle. From time to time, the Company also intends to evaluate and acquire or develop other micro-technology platforms.
For More Information:
Alexander Tjiang, Interim Chief Executive Officer
(416) 300-7398
https://nextgendigital.ca/
info@nextgendigital.ca
Caution Regarding Forward-Looking Information
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release includes certain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved.
Forward-looking information in this press release includes, but is not limited to, statements regarding the delivery and operation of workstations for Cloud AI Hosting, the Company’s future cryptocurrency investing plans and strategies, the Company’s proposed strategic expansion and growth strategies, the Company’s ability to provide investors with exposure to digital assets, the potential success of its investments and its brand, and the mainstream adoption of various cryptocurrencies. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates, including those pertaining to timely workstation delivery, cryptocurrency adoption, and the Company’s ability to execute its cryptocurrency business strategy, that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies, including the speculative nature of cryptocurrencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company’s ability to execute on its business and investment plans; operational and technological risks relating to Cloud AI Hosting; the Company’s ability to raise debt or equity through future financing activities; the Company’s ability to increase its investments in cryptocurrency-based technologies; the growth and development of decentralized finance and the digital asset sector; any new rules and regulations with respect to decentralized finance and digital assets; increasing competition in the crypto and blockchain industries; general economic, political and social uncertainties in Canada and the United States; currency exchange rates and interest rates; the limited financial and personnel resources of the Company; the Company’s reliance on the expertise and judgment of senior management and the Company’s ability to attract and retain key personnel; the speculative nature of cryptocurrencies in general; and the Company’s ability to continue as a going concern.
There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking statements herein except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements herein.
1 https://www.cbre.com/insights/reports/global-data-center-trends-2024
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