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Fredericton, New Brunswick, Jan. 06, 2025 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (CSE:NXT)
(FSE:Z12) (“NextGen” or “Company”) is pleased to report that it has begun exploring additional opportunities within the cloud computing and data hosting sector. Using its existing technology in its AI Cloud Hosting segment, NextGen aims to provide simple, cost-effective, and sustainable solutions to meet the growing global demand for reliable data hosting services.
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Between the global energy shortage and the growing demands for computing power(1)the need for secure and affordable data handling capabilities continues. NextGen’s Cloud AI Hosting division has already demonstrated strong capabilities in providing advanced cloud-based services for high-end artificial intelligence applications.
These programs will leverage the Company’s existing platform to deliver enhanced offerings tailored to a broad range of industries and businesses. Additionally, this strategy is in line with NextGen’s vision of being a leading institution in 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 by leveraging our existing platform and experience,” said Alexander Tjiang, NextGen’s chief executive officer. “With our established expertise in Cloud AI Hosting and our recent expansion into the digital assets space, we see a great opportunity to redefine the value of the digital infrastructure sector. This assessment is in line with our commitment to deliver innovative solutions that empower our customers and investors while supporting sustainability.”
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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 (“PCS”) and a hardware-as-a-service business supporting the artificial intelligence industry, called cloud AI hosting (“Cloud AI Hosting“). Both PCS and Cloud AI Hosting are developed in-house by NextGen. The company also aims to democratize access to cryptocurrencies by giving investors exposure to a diverse basket of digital assets through a regulated public vehicle. Over time, the Company also intends to explore and acquire or develop other small 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 Canadian Securities Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
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This press release includes “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, include forward-looking information. Forward-looking information is often, but not always, identified by words such as “expect”, “anticipate”, “believe”, “intend”, “estimates”, “potential”, “possible”, and similar expressions, or statements. that events, conditions, or results “will happen”, “may happen”, “may happen”, or “should” happen 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’s facilities, future cryptocurrency investment plans and strategies, the Company’s proposed expansion and growth strategies, the Company’s ability. providing investors with exposure to digital assets, the potential success of its investment and its type, and the general acceptance of various cryptocurrencies. Forward-looking information reflects beliefs, opinions and assumptions 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 workplace, the adoption of cryptocurrency, and the Company’s ability to implement its cryptocurrency business strategy. , that, although the Company is considered reasonable, it is naturally subject to significant business, technical, economic, and competitive emergencies, including the speculative nature of cryptocurrencies. Many factors, 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 carry out its business and investment plans; operational and technical risks associated with 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 the decentralized finance and digital assets sector; any new laws and regulations in relation to decentralized currencies and digital assets; increasing competition in the crypto and blockchain industries; general economic, political and social uncertainty in Canada and the United States; exchange rates and interest rates; limited financial and human resources of the Company; the Company’s reliance on the experience 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.
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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 what is expected from such information. Therefore, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update these forward-looking statements except as required by applicable securities laws. Investors are cautioned against placing undue reliance on forward-looking statements herein.
1 https://www.cbre.com/insights/reports/global-data-center-trends-2024
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