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Fredericton, New Brunswick, Jan. 06, 2025 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (CSE:NXT)
(FS:Z12) ((The next generation“or”a company“) is pleased to announce that it has begun evaluating additional opportunities in the cloud computing and data hosting segment. Leveraging its existing expertise in the Cloud AI hosting segment, NextGen aims to deliver scalable, cost-effective and sustainable solutions to meet the growing global demand for data hosting services Trusted.
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Amid widespread power shortages around the world and increasing demand for computing power(1)There is still a need for secure and affordable data hosting capabilities. NextGen’s Cloud AI Hosting division has already demonstrated strong capabilities in providing advanced cloud services for cutting-edge AI applications.
These initiatives will leverage the company’s existing platform to deliver enhanced offerings tailored to a wide range of industries and organizations. Additionally, this strategy aligns with NextGen’s vision to become a leading institution in the cryptocurrency economy by providing investors exposure to both digital assets and digital infrastructure.
“We continue to evolve and improve NextGen’s strategic direction by leveraging our existing platform and expertise,” said Alexander Tijiang, interim CEO of NextGen. “With our established expertise in Cloud AI hosting and our recent expansion into the digital asset space, we see tremendous opportunity to redefine value in the digital infrastructure sector. This assessment is in line with our commitment to deliver innovative solutions that empower our clients 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 Stock Exchange. The Company currently operates the e-commerce platform PCSections.com (“Computers“) and the hardware-as-a-service business that supports the AI sector, called cloud AI hosting (“AI cloud hosting“). Both PCS and Cloud AI Hosting are developed internally 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 medium. From time to time, the Company also intends to evaluate and acquire or develop other precision technology platforms.
For more information:
Alexander Taijiang, Interim CEO
(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.
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This press release includes certain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements contained herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is often, but not always, identified by words such as “expect”, “anticipate”, “believe”, “intend”, “estimate”, “potential”, “possible”, etc. 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 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 provide investors with exposure to digital assets, and the success The potential for its investments, branding, and mainstream adoption of various cryptocurrencies. Forward-looking information reflects the beliefs, opinions and expectations at the date the statements are made and is based on a number of assumptions and estimates, including those relating to the timely delivery of the workstation, the adoption of cryptocurrency, and the Company’s ability to implement its cryptocurrency business strategy. , which, 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 differ materially from the results, performance or achievements expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, the Company’s ability to execute its business plans and investments; operational and technological risks related to hosting Cloud AI; 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; Growth and development of the decentralized finance and digital assets sector; any new rules and regulations regarding decentralized finance and digital assets; increased competition in the cryptocurrency and blockchain industries; general economic, political and social uncertainties in Canada and the United States; Currency exchange rates and interest rates; The company’s limited financial and human resources; the Company’s reliance on the experience and judgment of senior management and the Company’s ability to attract and retain key employees; the speculative nature of cryptocurrencies in general; 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 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 the forward-looking statements contained herein except as required by applicable securities laws. Investors are cautioned not to attribute undue certainty to the forward-looking statements contained herein.
1 https://www.cbre.com/insights/reports/global-data-center-trends-2024
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