NextGen Digital evaluates expanded opportunities within data hosting and cloud computing Investing.com
Fredericton, New Brunswick (NYSE: ), January 06, 2025 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (CSE:NXT) (FSE:Z12) (NextGen or Company) is pleased to announce that it has begun evaluating additional opportunities within the cloud computing and data hosting sectors. By leveraging its existing expertise in its Cloud AI Hosting division, NextGen aims to offer scalable, cost-effective and sustainable solutions to meet the growing global demand for reliable data hosting services.
In the midst of pervasive electricity shortages around the world and growing demands for computing power (1), there continues to be a need for secure and affordable data hosting options. NextGen’s Cloud AI Hosting division has already demonstrated strong capabilities in providing advanced cloud-based services for cutting-edge AI applications.
These initiatives will leverage the company’s existing platform to deliver enhanced offerings tailored to a broader range of industries and businesses. In addition, this strategy aligns with NextGen’s vision to become a leading institution within the crypto economy by providing investors with exposure to both digital assets and digital infrastructure.
We continue to develop and refine NextGen’s strategic direction using our existing platform and experiences, said Alexander Tjiang, NextGen’s Interim CEO. With our established expertise in Cloud AI hosting and our recent expansion into the digital asset space, we see a huge opportunity to redefine value in the digital infrastructure sector. This assessment 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 the e-commerce platform PCSections.com (COM) 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 by NextGen. The company also intends to democratize access to cryptocurrencies by providing investors with exposure to a diverse basket of digital assets through a regulated public vehicle. From time to time, the company also intends to evaluate and acquire or develop other microtechnology 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 Stock Exchange nor its market regulator (as that term is defined in Canadian Stock Exchange policy) 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 laws. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is often, 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”, “may” or “should” occur or be achieved.
Forward-looking information in this press release includes, but is not limited to, statements regarding the delivery and performance of Cloud AI Hosting workstations, the Company’s future cryptocurrency investment plans and strategies, the Company’s proposed strategic expansion and growth strategies, the Company’s ability to would provide investors with exposure to digital assets, the potential success of their investments and their brand, and the mainstream adoption of various cryptocurrencies. Forward-looking information reflects beliefs, opinions and projections as of the date the statements are made and is based on a number of assumptions and estimates, including those related to the timely delivery of the workstation, the adoption of cryptocurrency and the Company’s ability to execute its cryptocurrency business strategy. which, while deemed reasonable by the Company, are inherently subject to significant business, technical, economic and competitive uncertainties and unforeseen costs, including the speculative nature of cryptocurrencies. Many factors, both known and unknown, could cause actual results, performance or achievements to differ materially from the results, performance or achievements expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company’s ability to execute its business and investment plans; operational and technological risks related to Cloud AI hosting; the Company’s ability to raise debt or equity capital through future financing activities; the Company’s ability to increase its investment in cryptocurrency-based technologies; the growth and development of the decentralized finance and digital asset sector; any new rules and regulations related to decentralized finance and digital assets; increasing competition in the crypto and blockchain industry; general economic, political and social uncertainties in Canada and the United States; exchange rates and interest rates; 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 may 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 any forward-looking statements herein except as required by applicable securities laws. Investors are cautioned not to place undue reliance on forward-looking statements.
1 https://www.cbre.com/insights/reports/global-data-center-trends-2024
Source: NextGen Digital Platforms Inc.
